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Divergences
- Thread starter romik
- Start date
Quote from romik:
AIT (NYSE) Applied Industrial Technologies Inc
Current: $24.31
PT1: $25.00
PT2: $26.00
PT3: $30.00
Stop: $20.50
BLD in MACD HIST on a daily chart attached
Weekly chart is in an uptrend and recently oversold, which is clearly seen in CCI
http://finance.yahoo.com/q?s=AIT
PT1 hit
Quote from romik:
DELL (NASD) Dell Inc
Current: $23.87 1/2 max position
PT1: $29.00
PT2: $32.00
PT3: N/A
Stop: This is a tricky one, as the stock has broken through all recent support levels, actually from 2003, developping a double top on weekly in 2005, but no risk no gain, so I would scale in with 50% @ $22.50 and stop @ $21.
BLD in RSI(perhaps making a double bottom, depends on the settings)/MACD HIST. CCI in heavily oversold territory recently and pulling upwards breaking -100 on the way up. All on weekly here.
http://finance.yahoo.com/q?s=DELL
It's shot passed the stop level and I have decided to hold this one for the time being, if this was a small cap stock I would have dropped it by now, I see a possible B class BLD developing on weekly in HIST, possibly adding to position @ $16 range, which will prove to be a 'make it or break it' point for this stock. This is turning out to be a positional play, rather than a swing trade.
Quote from romik:
CPB (NYSE) Campbell Soup Co
Current: $36.98
PT1: $36.00
PT2: $35.00
PT3: $34.00
Stop: $38.50
BRD in RSI/MACD HIST/CCI on a daily chart attached. Looks perfect BRD confirmed in 3 indicators. Weekly supports the short by inverted long shadow doji
http://finance.yahoo.com/q?s=CPB
PT1 hit
Quote from romik:
T (NYSE) AT&T, Inc
Current: $27.89
PT1: $26.50
PT2: $25.00
PT3: $23.00 not certain on this one, see below
Stop: $29.00
B Class BRD in MACD HIST/BRD in CCI on a daily chart attached. If price fails to go through 28.50 on high volume, then a double top will be in the making and PT3 will be more possible in that case.
http://finance.yahoo.com/q?s=T
Though PT1's been hit and I should have exited @ entry if PT2 would not materialize...I am staying in this position, actually I am going to average this position @ $28.42 (average price) as it looks like it is developping a very cute BRD on a weekly chart on all 3 oscillators. Here is the chart
Attachments
Quote from romik:
AMGN (NASD) Amgen, Inc
Current: $65.23
50% capital allocation @ current price and scale in @ $62.50
PT1: $69.00
PT2: $71.00
PT3: N/A
Stop: $60.00
BLD ALMOST complete in MACD HIST/CCI's made higher lows (not a perfect BLD shape wise) on a weekly chart attached
http://finance.yahoo.com/q?s=AMGN
PT1 hit
Quote from romik:
AAPL (NASD) Apple Computer, Inc
Current: $57.27
PT1: $61.00
PT2: $65.00
PT3: $70.00 (longer TF)
Stop: $47.00
4BLD!!! in MACD HIST/BLD in RSI on a daily chart attached
I really have a good feeling about this one making a nice rally any time soon, if fundamentals do not interfere with the technicals. BTW I know nothing about fundamental based investing, so these are pure TA calls.
http://finance.yahoo.com/q?s=AAPL
PT2 has been hit today.
Just to mention that this one has been one of the strongest divergences, supported also by other bullish indications, which are TA based.
At this point I must mention that all calls so far are doing pretty well and considering that I haven't got a slightest idea on fundamentals, I don't even know what some of these companies actually do and also I must add that I am pretty much self-taught (no trading courses attended, etc) apart from listening to the traders that ought to be listened to - I believe that it's pretty good going so far, considering market conditions as well.
Quote from romik:
AMGN (NASD) Amgen, Inc
Current: $65.23
50% capital allocation @ current price and scale in @ $62.50
PT1: $69.00
PT2: $71.00
PT3: N/A
Stop: $60.00
BLD ALMOST complete in MACD HIST/CCI's made higher lows (not a perfect BLD shape wise) on a weekly chart attached
http://finance.yahoo.com/q?s=AMGN
PT2 hit, position closed
+6.79%
Quote from romik:
Though PT1's been hit and I should have exited @ entry if PT2 would not materialize...I am staying in this position, actually I am going to average this position @ $28.42 (average price) as it looks like it is developping a very cute BRD on a weekly chart on all 3 oscillators. Here is the chart
Looking good, I would have added here as well, but I am allowing only 2 entries for averaging down.