SWEB is in a horizontal channel formatioin which is very bullish after the huge run up. A break above 0.75 on big volume is the buy signal. Worth keeping an eye on.
Good find, op.
I'm confused. Are you shorting them the next day, which the above statement is alluding to? Or are you shorting them the same day like your just completed trade on AGIX?
Please clarify.
If you are selective in which ones to short, yes it can be a profitable system. But I would stick my neck out to say if you backtested shorting every top gainer indiscriminately, the results would be a lot less impressive than what you are achieving now. And with the common problem of not...
agpilot,
Thanks for the link to the story. It reminded me to focus on getting some of these stocks such as Suncor and Murphy, etc.. Good long term investments for anyone's portfolio as I don't see the strong uptrend ever reversing directions.
Lots of wisdom imparted on this thread. My 2 cents...buying INTC here, you will be catching a falling knife. Getting on a phoenix rising from the ashes is a much safer bet (the operative word is RISING).
The news responsible for the move was by Piper Jaffray upgrade to outperform from market perform. It's less than four bucks away from it's all time high.
Thanx for the alert
Ask and you shall receive. I thank you Eqt Trdr. The first two links was what I was looking for.
Glad I found this site. You people are very helpful. With some luck maybe I can finally beat the slotmarket. And with some help from you guys.
EqtTrdr,
Can you be more specific as to exactly where at stockcharts.com? I've looked all over and can not find it. It is not listed in the Technical Indicators and Price Overlays. Is the indicator under a different name?
I've heard that this indicator is one of the most accurate for determining the trend of the overall market. Does anyone know which one of the free charting websites have it?
Thanks in advance.