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Dgabriel's Swing Journal
- Thread starter dgabriel
- Start date
This is a bitch to trade, lots of scalpers and traders surround it, smacking it to and fro. It requires patience, and offers numerous intraday pullbacks. But it is painting a nice daily pattern, the ascending triangle and it is in sort of a sub-consolidation at the upper end. If it can get over 7.25 on good volume, I would go long.
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I love this stock when it gets moving.
It looks like a C&H developing, both price form and volume, which I have highlighted. It needs to move up to the 45 area to complete the cup pattern, and the last two days look like pullback days so I am watching it this week for a continuation. Initially, on Monday,I would go long a modest position over 40, if this happens.
It looks like a C&H developing, both price form and volume, which I have highlighted. It needs to move up to the 45 area to complete the cup pattern, and the last two days look like pullback days so I am watching it this week for a continuation. Initially, on Monday,I would go long a modest position over 40, if this happens.
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This is a great vehicle, and it has had good volatility due to earnings the last few days. Revenues were blowout (but their margins suck).
THe gap up and selloff is a cause for caution but it did recver somewhat and closed in the black. If the prior patterns reiterate, 32 should be possible this week. I would look for a long entry over 29.25, which is above the previous high and above the open of Friday. Friday's high of 30 would be a more conservative entry.
THe gap up and selloff is a cause for caution but it did recver somewhat and closed in the black. If the prior patterns reiterate, 32 should be possible this week. I would look for a long entry over 29.25, which is above the previous high and above the open of Friday. Friday's high of 30 would be a more conservative entry.
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Today's trades worked well.
First PUMA. Entered at 7.31. Stock gapped up over my buy point so I waited for it to sell down a bit then took an entry. Stock closed at 7.51.
Unless I indicate that I closed the position, it's open by default.
CELL, I did not enter. It hit the trigger price 29.25, but did not trade through, which is a requirement.
First PUMA. Entered at 7.31. Stock gapped up over my buy point so I waited for it to sell down a bit then took an entry. Stock closed at 7.51.
Unless I indicate that I closed the position, it's open by default.
CELL, I did not enter. It hit the trigger price 29.25, but did not trade through, which is a requirement.