Hot Pick Of The Day

[QUOTE=skiracer;73854]These are the 4 that I always use. I like them both on the daily and the weekly AEPI charts although I like the weekly moreso. I don't think you're going to see a huge breakout with this stock as much a a consistent track upward which could give you 2/4 points on the next leg up. BTW the top one is the daily and the lower the weekly.


I find OBV and Acc/Dist to be redundant to each other.

I would be interested in reading your POV (or anyone else's) on tweaking the parameters for a MACD-driven swing trading approach. I was talking to a newbie about this last week. (He has just signed up for the "Teach Me to Trade" seminars and software -- not that I recommended it.) I told him that as you get to know a given stock, you should tweak the parameters that determine the sensitivity of the slow line so that it doesn't trigger "too many" buys or sells given the ups and downs of that stock's predominant trend.

[skiracer]

Any of you guys ever use OBV to confirm a breakout? It seems OBV is not confirming yet on daily or weekly for AEPI.

These are the 4 that I always use. I like them both on the daily and the weekly AEPI charts although I like the weekly moreso. I don't think you're going to see a huge breakout with this stock as much a a consistent track upward which could give you 2/4 points on the next leg up. BTW the top one is the daily and the lower the weekly.

[lemonjello]

Obv

Any of you guys ever use OBV to confirm a breakout? It seems OBV is not confirming yet on daily or weekly for AEPI.

[lemonjello]

Thanks Ski. The weekly waves seem to be getting shorter as time goes on. If that's any indication, the next run up should last about a month.

The daily RSI looks up for now.

Lemon,
Like a doctors prognosis a second opinion or another perspective is always good in approaching these charts. I had to comment on this stock because it has come up in my scans and I have traded in an out of it a couple of times over the past year. I looked at it from both a daily and weekly chart which give two entirely different views. Here's my opinion.

[skiracer]

Lemon,
Like a doctors prognosis a second opinion or another perspective is always good in approaching these charts. I had to comment on this stock because it has come up in my scans and I have traded in an out of it a couple of times successfully over the past year. I looked at it from both a daily and a weekly chart and they present two entirely different views and perspectives. Here's my opinion which is only my opinion.

[skiracer]

Lemon,
Like a doctors prognosis a second opinion or another perspective is always good in approaching these charts. I had to comment on this stock because it has come up in my scans and I have traded in an out of it a couple of times over the past year. I looked at it from both a daily and weekly chart which give two entirely different views. Here's my opinion.

[lemonjello]

Thanks NB. I was wondering about the weak volume on breakout. I'll pass for now.

Okay, my friend. Let's take a look at what you have here in AEPI:
Very nice looking daily chart. That daily shows a beautiful bullflag with breakout coming last Friday, 8 Dec. PnF likes it to $80. 1st target is $60. Bull charge ahead if the daily is everything. But the rule is that the weekly trumps the daily, and so let's look at the weekly.

Weekly has shown a us a very nice run. My question would be for a Runner/Spike Elliott Wave count. Looks like it has had a 5 leg run +, and now you get this warning from Wm. O'Neill about don't buy the 4th or 5th leg higher because it is getting set to roll over. IMHO that full applies here. And look at Friday's breakout volume: not very powerful. Tells me of slackening demand.

My conclusion is that it is too late to the party to buy AEPI here. The breakout Friday is nice, and if you want to take it, fine. Just be warned that a protective stop or else some kind of option hedge is prudent because it has had quite a run, and is due for a 61.8% (or even 100%) pullback imho.

[New-born baby]

Any take on AEPI?

Okay, my friend. Let's take a look at what you have here in AEPI:
Very nice looking daily chart. That daily shows a beautiful bullflag with breakout coming last Friday, 8 Dec. PnF likes it to $80. 1st target is $60. Bull charge ahead if the daily is everything. But the rule is that the weekly trumps the daily, and so let's look at the weekly.

Weekly has shown a us a very nice run. My question would be for a Runner/Spike Elliott Wave count. Looks like it has had a 5 leg run +, and now you get this warning from Wm. O'Neill about don't buy the 4th or 5th leg higher because it is getting set to roll over. IMHO that full applies here. And look at Friday's breakout volume: not very powerful. Tells me of slackening demand.

My conclusion is that it is too late to the party to buy AEPI here. The breakout Friday is nice, and if you want to take it, fine. Just be warned that a protective stop or else some kind of option hedge is prudent because it has had quite a run, and is due for a 61.8% (or even 100%) pullback imho.

[skiracer]

Great point and awesome chart Ski. Here are a few others in the group that might try to move.

TGE PDS IFNY PDRT BAS PRB WG HLX TESOF OIS

First glance under the hood looks pretty good in this grp…

This group will get more study this weekend!!

I'll take a look at them. If you get a chance take a look at that list of stocks I posted on my thread late last night. Especially the 3 or 4 that I am looking at closely. Almost all of them are under 10 and I really like MAG and GIGM this week along with MED to breakout this week.

Great point and awesome chart Ski. Here are a few others in the group that might try to move.

TGE PDS IFNY PDRT BAS PRB WG HLX TESOF OIS

First glance under the hood looks pretty good in this grp…

This group will get more study this weekend!!

[skiracer]

Here is a longer range view on NGS

[lemonjello]

Any take on AEPI?

NB, do you think NGS might be trying to change character?

[New-born baby]

NB, remember this one...hehe

Runner,
Oh boy. Hit $36 and I didn't buy at $21. OOOOOOUUUUUUUCCCCCCHHH!