Spike's Scientific Stock Analysis

[tokyojoeskid]

gw hoku

Hey spike i bought hoku and gw in a mock portfolio on fri, I know nothing serious but I'm just trying to test some things out and learn. Any take on either of these stocks?

Thanks a lot

tjK

[rickflyboy]

Itt

Spike,

Any thoughts on ITT?
Thanks

[spikefader]

Thanks Spike!

You're welcome. Anyone want to SNAK on profits soon; now is another good time to buy it. The 20-day system green lights the long yesterday at 6.10. Current price is 6.14, so the train is still at the station. And remember; all good trades include good risk reward ratios. If you use a trailing PSAR stop on this chart, it's currently 6.5% risk, which is a little high, but I think it's worth it in this case since SNAK has fantastic profit potential (perhaps 20.00 stock since there is now a 2-year weekly cup and now a handle to buy into on this recent weakness).

[spikefader]

JLG has been discussed recently. I posted a chart in another thread showing the channel turn up and the green light to take 34.65 pivot. Well, today's weakness comes back to that price in a 5 wave down move; now is the time to strike. There is now an intraday inverted SHS with neckline break at 34.64, and that is a good entry. The best entry was the 5th completion anticipation shown in the chart, a mere 7 pennies off the bottom. That's what you must look for folks; burn it into your brain. Anyway, great price still, with very good chance for 15% or more. And right now, stop under lod means you're only risking 0.6% and targeting 15%, so that's a delicious r/r of 25

[spikefader]

JLG; a stop under lod has you out -0.6%. The intraday 12345abc short is working, but I still see value at buying these levels. Perhaps one more attempt at catching an inverted head at 34.30 with a 4% stop.

[Runner]

Spike, would this pattern off a daily chart some what qualify for an inverted head and shoulders? If so does the right shoulder need to be tested a few more times?

ThanX

[spikefader]

Spike, would this pattern off a daily chart some what qualify for an inverted head and shoulders? If so does the right shoulder need to be tested a few more times?

ThanX

That sure is a big head with little shoulders lol


But seriously, here are some thoughts:

[spikefader]

SOSA struck out today

On SOSA guys, you've got potential double top there, with a channel short on Friday. The multiday count looks it's had 5 completion up to Friday's high and the 'abc' with 'c' failing, so it sets up short while that's going on.

SOSA is a name synonymous with home runs, success, and excitement. Yet the SOSA chart set up for a strike out yesterday, and resistances hold and supports fail intraday today. Our pal is long and I hope I'm wrong, but SOSA ain't inspiring me.

[Gatorman]

A Lot to Like in SNAK

It sure looks good from both a fundamental as well as a technical standpoint. I'm in at 6.15. Would think 15.00 is definitely reasonable to expect.

[New-born baby]

SOSA is a name synonymous with home runs, success, and excitement. Yet the SOSA chart set up for a strike out yesterday, and resistances hold and supports fail intraday today. Our pal is long and I hope I'm wrong, but SOSA ain't inspiring me.

Spike,
Sold SOSA and all calls for a total loss of $1. Thanks for the warning! You saved me some big trouble. $1--That's not too much pain.

[spikefader]

Spike,
Sold SOSA and all calls for a total loss of $1. Thanks for the warning! You saved me some big trouble. $1--That's not too much pain.

Nope, that's nothin! Let SOSA overcome something as ugly as that daily double top and channel shorts. It'll set up perfectly eventually, and when it does I'll even hop on with ya. Looking at the weekly, there's a distinct bull flag look about it, but for that, you want to catch it down the bottom hem of the flag at 11.00, which is a full 9% lower. That would be a good play I think. It would offer much better r/r, and you're buying into weakness with a good strategic stop down under the support line.

[New-born baby]

Yes!

Nope, that's nothin! Let SOSA overcome something as ugly as that daily double top and channel shorts. It'll set up perfectly eventually, and when it does I'll even hop on with ya. Looking at the weekly, there's a distinct bull flag look about it, but for that, you want to catch it down the bottom hem of the flag at 11.00, which is a full 9% lower. That would be a good play I think. It would offer much better r/r, and you're buying into weakness with a good strategic stop down under the support line.

Sounds great!

[spikefader]

Well, kudos to IIC. Called it nicely. Bulls getting slaughtered as money leaves the market. We'll see how it ends in an hour, but I'm expecting I'll lose my nice new Avatar of the bull with a jetpack on his back haha Yet again the market proves to us all that support is only support until it isn't....and when it isn't, it can get ugly. This is why stops can save lives.

I'm actually stalking Dow futes for the reversal and reaction to this over-reaction.

[spikefader]

Just took Dow futes long at 10525 after that inverted SHS on the 1 min chart. Price broke neckline, and has come back to test that 520 support 2 times. This may be the bottom for today.

[Runner]

That sure is a big head with little shoulders lol


But seriously, here are some thoughts:

Hey thanX Spike for the chart!!