Hot Pick Of The Day

[New-born baby]

Please reconsider

i am looking to get into sgtl.....this sucker im thinking is pretty close to teh bottom...maybe a few points left to go and then there is huuuge upside potential ......im thinking im going to test it on tuesday with a small buy and see how it does...!!

Ninner,
Look at the chart. See the downtrending channel?
Until there is a price break of that channel, I'd stay clear. NGPS went from $50 down to $14, and lots of people (including some on this board) got burned. Let the thing hit bottom and base, and then trend upwards. SGTL tried to base last week, and that base failed. That will probably happen a few more times.

Compare it to NGPS on the next post, and see what you think.


(Then consider F instead )

[New-born baby]

Ngps

Ninner,

Here's NGPS. Look at the headfakes. Look at the lying MACD--2.5 months of lies! Blood all over the place. Looks like a battlefield--and it was. It is straightened out now, and flashed a buy signal two days ago. (Target: $35) But a lot of people got chewed up in those five months.


I try not to lead any charges. Let others do that. I want to follow the crowd--safer that way.

[New-born baby]

A Cheapy

Here's a cheap stock that offers a lot of upside: F.

Yeah, hard to believe, isn't it? But look at the inverted
S-H-S pattern! And with gaps for resistance! SPIKE, WHERE ARE YOU?

[Runner]

I’m interested in comments of this intra day chart of HOC

[New-born baby]

Weekly HOC

I’m interested in comments of this intra day chart of HOC

What entry do you want? You sold half at $38.50. Do you want to know where you SHOULD have purchased? At the second retest at $36.70.

Here's the WEEKLY on HOC. Intraday, it looks great. But the weekly calls for $50.

1st Target: $45
2nd Target: $50

[Runner]

Your getting awesome NB, here is one more. I did not trade it, but looking over charts.

[Runner]

What entry do you want? You sold half at $38.50. Do you want to know where you SHOULD have purchased? At the second retest at $36.70.

Here's the WEEKLY on HOC. Intraday, it looks great. But the weekly calls for $50.

1st Target: $45
2nd Target: $50

Newborn, my question was based off the intraday chart. Where from that chart would you think best entry was from, Once TGT is hit 50% is sold as a hedge. Greed has burned my butt before!!

[New-born baby]

Try this

Newborn, my question was based off the intraday chart. Where from that chart would you think best entry was from, Once TGT is hit 50% is sold as a hedge. Greed has burned my butt before!!

If I understand you correctly: you want to re-buy into HOC AFTER you have already sold 50% of your position at $38.11. My answer: I wouldn't look to re-buy, but if I did, it would be at the touch of the 5 minute moving average.
See arrow on chart.

[Runner]

NB, at this point I'm thinking the prudent thing might be to wait for a possible retest of the Primary Bull line? Could it retest them pop the 40.00 range en route to higher ground?

[New-born baby]

Hoc

Runner,

NOW I get it! I am slow! Please forgive me.

HOC looks to have clear sailing to $40. She's above support and below resistance. Tuesday, I would watch the open, buy the first pullback, and let her ride. I don't know what kind of market we will have, but the volume on HOC is quite low, so she can be volatile.

[Runner]

I understand my charts may not be understood very easily, but notice what happened with HOC with the first Candle above the 200 dma. I’m thinking market conditions could pull it down, but we shall see. The retest is a great example that the bulls wanted to bring it up and people were willing to pay higher prices. I have also noticed prices will often rock after the 2nd retest, but like anything else that only works when it does..

[New-born baby]

Chart readers

I understand my charts may not be understood very easily, but notice what happened with HOC with the first Candle above the 200 dma. I’m thinking market conditions could pull it down, but we shall see. The retest is a great example that the bulls wanted to bring it up and people were willing to pay higher prices. I have also noticed prices will often rock after the 2nd retest, but like anything else that only works when it does..

Runner,
There's other chart readers out there that see this bullish chart, and the potential for the $50 ringer (25% gain!). They are going to pay the price now to get on board before the train leaves the station. As long as the price movement upward is orderly, HOC is going to much higher.

[Runner]

Having stumbled over this bull/bear line I’ve found that retests have offered a low risk entry with tight stops in place. If stopped out it is below the primary bull line and I’d rather not stay around. This simple pattern works with all time frames. I’ve recently have been using it on intraday charts. ELN was a very good example of what I call the double retest or touch and go..

[New-born baby]

WHere did you stumble?

Having stumbled over this bull/bear line I’ve found that retests have offered a low risk entry with tight stops in place. If stopped out it is below the primary bull line and I’d rather not stay around. This simple pattern works with all time frames. I’ve recently have been using it on intraday charts. ELN was a very good example of what I call the double retest or touch and go..

I'd like to read more about the bear/bull line. Where did you stumble over it?

[Runner]

Newborn, having looked over many charts I’ve noticed the power on lines. I could suggest a book that does mention it. In fact this book is what I’ve tailored my trading from. “Secrets of the Underground Trader”, by Jea Yu and Russell Lockhart. Site is www.undergroundtrader.com. I think this book has opened my eyes, but so has the Elliott Wave book, however EW requires more extensive training.