Spike's Scientific Stock Analysis

[spikefader]

greetings,
Spike,would you consider a peek at EENC?It has tumbled to its 50dma again after its distribution payout.I can see no clear cut channel long signal,yet the 50dma has provided a good buying opportunity in the past.Your thoughts?
BTW I am in LEXR based on a legal opinion from a friend,entering at the mid 4s based on a fib retrace.
Chart wise I look like a fool,yet the upside is big if all the cards fall right.In your opinion do I sell and buy back later?It appears like its going down.
cordially Tom

EENC: If it wasn't for that big pop up day to the high you'd be close to getting a channel long signal now. But that expanded the channel so now I'm seeing a channel turn up from the top that sold immediately (not good) and a possible imperfect double top formation. And of more concern is the SHS with neckline break today. That targets 16.50ish. Is the 50 dma going to be solid support? I guess look for a nice pattern entry and see. I'm neutral to bearish on it for now.

With LEXR, the immediate bullish thing that strikes me is the gap projection target of 8.25 on the daily. You've got significant weekly/daily bullish channel busts, you've got the bullish island reversal down the bottom. You've got a nice wide downward channel from the 7.25 top, which has the upper line around 5.90. What this opens the door to is a channel turn up before a channel short day, so this is good The channel from 5.26 threatening bears to turn up and a wide channel from the 2.55 low, opening the door for a volatile move up to the upper line (currently 8.00ish). Wave wise, it had the awesome 1, has likely finished the 2 correction, and likely about to give an impulse 3 up to maybe 12.00ish. Sit back and enjoy the ride up I think. Stop at 4.08.

Best to ya!

[spikefader]

Spike, when you enter a channel long such as OWENQ how do you know when and where will it hit that channel? Do you set a stop in the area?

Also, what if it doesn't stop at S1 or S2, do you wait until it bounces off?

Simple: Draw the channel, then put your cursor over where the lower channel line is and the java chart by stockcharts will give you the price reading. That's your channel long alert price. I set an alarm with QT chart to go off when it hits so I can start looking for a pattern. Or one can just take the S2 level as the buy point, whichever fits your style for r/r and stops. And if it doesn't stop at S2? Well it's going to threaten your stop isn't it? This is why I prefer patterns to confirm the entry and lower my risk. A double bottom entry at or near S2 is perfect. If after a good solid channel long there is a good solid pattern and it fails, it is a big fat warning that the channel long may not hold in which case you don't want to be in it, and can hop out for sub 1 or 2% loss rather than a bigger risk if you use a non-pattern/S2 entry with a fixed 4% or bigger stop.

[rickflyboy]

Fro

I hope so because right now I'm deep in the hole.

[spikefader]

ELN short opportunity today at the high of day of 5.40 if it gets there.
Tight stop and target 5th down on the weekly. Very nice r/r on this one.

Still holding those Jan 06 put options mentioned here in healthy profit and may buy some more at the hod, patiently waiting for one more big drop to profit take into that weakness.

Remember folks; short/profit-take into strength and buy/cover into weakness. This is what smart money does; not the other way around (buying hype and hopping on the bus late)

[New-born baby]

Dividends help!

I hope so because right now I'm deep in the hole.

Ricky,

FRO pays a $14 divy per year. If you add $14 to your stock price, will you come out of the hole? I hope so, and I hope that you make some big bucks off of FRO. Sure, you'll need a few packs of Tums to get through. But AT LEAST you have the comfort of a nice dividend to help you through. How would you like to own some of these other stocks that have fallen, with no divy and no earnings?

FRO is in a tailspin due entirely with market conditions, and nothing to do with the health of the company. Until the GREENMAN gets done with interest rate hikes, the market will probably be unstable.

[New-born baby]

Thank You Dr. Spike

Dr. Spike,

Just a quick 'thank you!' for all the teaching on this thread. I had lost a lot of $$$$ until I got some help from you. I've lost a few $$, but made a lot more $$ since adapting my investing strategy along your lines. I like your 'buy at support along with a confirmation intraday pattern' style. I myself usually never buy a stock unless it also offers a sizeable dividend for a third layer of safety. Thank you and keep up the excellent work!

[spikefader]

ELN short opportunity today at the high of day of 5.40 if it gets there.
Tight stop and target 5th down on the weekly. Very nice r/r on this one.

In and out of that one for 2 pennies loss. I'll retreat back into the ambush zone. Next setup is a gap resistance short area at 5.52 in anticipation of intraday head formation.

[rickflyboy]

Thanks New-Born.

[yaoyao]

YaoYao,

If you don't own FRD, I wouldn't look for a long with it.

FRO: you are going to be alright when the $3.50 divy hits in June.

Thanks. NB. Unfortunately, I still own 200 shares of FRD and hope it is the bottom.

[b_critical]

Spike

I was trying to understand your channel on OWENQ where are you 2 point to deterine slope of those lines.

[New-born baby]

Frd

Thanks. NB. Unfortunately, I still own 200 shares of FRD and hope it is the bottom.

Look at this chart and formulate a plan:



What I see is a rise in price to around $9. After that you are going to need earnings, earnings, earnings to get back to square one. Perhaps there are other ways to play it to get your $$ back.

I don't know if I'd count on her coming back to $15 anytime soon. Remember NGPS . . . ESMC . . . LWAY . . . and countless others . . . .

[spikefader]

Spike

I was trying to understand your channel on OWENQ where are you 2 point to deterine slope of those lines.

Reg channels don't use price points the way you think they might. It's a complex formula that stockcharts does for you in their java based charting. I've explained a couple of times in this thread how to do it; I'll see if I can find one of the posts. If you can, go to stockcharts, open a chart and click on annotate. Then use the raff channel tool to click and drag your channels. You will see how they work then.

[spikefader]

Bull horns back on Vector bullish naturally. Holding EFA long from 154.85. Key day today. This afternoon's rally absolutely what bulls needed.

[New-born baby]

Fdg

Spike,

FDG coal offers an interesting study. Set to offer a $14-15 divy starting in June. Do you see a long entry on this chart?



Perhaps the news will change the chart. But my eyes see only a downtrend. And coal is an energy commodity. With the falling oil price, coal cannot go up, can it?

[dmk112]

Bull horns back on Vector bullish naturally. Holding EFA long from 154.85. Key day today. This afternoon's rally absolutely what bulls needed.

Double bottom?