Spike's Scientific Stock Analysis

[spikefader]

Spike,

To see if I understand your possiable entry points.

GM 26.12
ELN 4.16
LB 13.78

If they dont break down at these points and begin an uptrend buy with a close stop?

Bill

I assume you're looking for lower channel longs, right?
If so, here are the numbers for those three:

GM 27.58
ELN 4.30 and/or 5.13
LB 13.65

And remember, I set alarms at those prices. When they go off I look for intraday pattern to actually time the entry. If a pattern doesn't appear, I don't trade it. I continue looking for a pattern even if price goes below my alarm level and the channel expands. If it is a clear and significant break by such a big move close to end of day then obviously I pass on the trade. I discussed channel expansions earlier, so that covers them. Often enough a channel long day will occur at or close to the S2. That is a pretty good place to take it if you don't have the time to sit and watch. You can calculate your channels and S2s the night before and have orders in place if you need to. If you CAN look for intraday patterns to confirm, I recommend that. Why? So you can tighten down your risk reward and base the stop loss on the pattern failure and not just a flat % pain level.

[spikefader]

Well now I'm confused. I thought ELN was bullish at this point. NO?

Yes, ELN is setting up bullish (b_c is looking for longs isn't he?) and I'll be watching for the shoulder low point to anticipate that it's going to be a shoulder. Maybe this will occur on a channel long day, maybe not. Maybe it'll present the shoulder and no good entry long until chasing a channel turn up.

[B.J]

B.J.,
I'm not too hot on GRU. Great RS , but not much in the way of earnings. Being on the ASE is another strike against it for me. Now watch them come out with a great earnings report next week. You can find much better stocks out there in my opinion.

billyjoe

I agree. It is pure speculation at this point, although an interesting concept.

[New-born baby]

GM: Hammered!

GM was hammered by the news that the S&P downgraded its bonds to junk status! Down from $33 to $31, and only held there by Dr. K's bid to buy 10% of the company at $31. What a week for GM!

[noshadyldy]

Yes, ELN is setting up bullish (b_c is looking for longs isn't he?) and I'll be watching for the shoulder low point to anticipate that it's going to be a shoulder. Maybe this will occur on a channel long day, maybe not. Maybe it'll present the shoulder and no good entry long until chasing a channel turn up.

Thanks Spike. I jumped in and out real quick this AM for a nice chunk of profit. So right now I'm happily sitting on the sidelines again.
Just gotta love this stock!

[dmk112]

Spike, where do you see entry for MFLX?

[Runner]

[dmk112]

RE BOOM: Thoughts on an exit point?

[spikefader]

Spike, where do you see entry for MFLX?

Valid entry long setup today; intraday neckline break was the play at 14.35ish and sitting in small overnight profit. I'm thinking it might want the gap.....

[spikefader]

Thanks Spike. I jumped in and out real quick this AM for a nice chunk of profit. So right now I'm happily sitting on the sidelines again.
Just gotta love this stock!

Good fer you! What did you use to time your entry and target today?

[spikefader]

RE BOOM: Thoughts on an exit point?

Where are long/short from?

Bullish chart now. Bear warning. BOOM had a bullish channel bust today, and a channel turn up at the close. Longs will chase the closing price, and the pivot tomorrow at 31.88. Great channel target of over 52.00.

[spikefader]

LAZ IPO

[dmk112]

Where are long/short from?

Bullish chart now. Bear warning. BOOM had a bullish channel bust today, and a channel turn up at the close. Longs will chase the closing price, and the pivot tomorrow at 31.88. Great channel target of over 52.00.

Got in today at 30.60 or so..

[dmk112]

Valid entry long setup today; intraday neckline break was the play at 14.35ish and sitting in small overnight profit. I'm thinking it might want the gap.....

Spike, I thought for channel longs are taken from lows?? how did that one work?

[spikefader]

Got in today at 30.60 or so..

intraday triangle break?