Stocks Analysis Using Price Action

[tupapa]

Yes, the identification of a possibility of a future chance of a short in case of AAPL was timely and in advance. I was looking at it in a different way. The hinge wasn't so clear to me but the analysis despite that was close enough. The rapidity with which the price rose from 490 to 550 was a bit alarming for my taste. So in my case to get a bit more surety a retracement is required. If it doesn't come this is not a short for me. Someone else with a different plan could have of course shorted at the first sign of weakness at 550. Without tupapa's alert I wasn't actively looking at this.

Gringo

If this was a rejection of The top of a range I would ve done the same, but the underlying weakness on the weekly and monthly made me go in with 1/2 of my full position at the first sign of weakness around the midpoint of the hinge.

If we now get a rally that results in a LOwer high, I see it as a great place to add to the short.

 

[Gringo]

If this was a rejection of The top of a range I would ve done the same, but the underlying weakness on the weekly and monthly made me go in with 1/2 of my full position at the first sign of weakness around the midpoint of the hinge.

If we now get a rally that results in a LOwer high, I see it as a great place to add to the short.

You speak the truth my friend.

 

[Gringo]

BBRY. The dreaded blackberry seems to be showing strength on the weekly. It appears to have had held price in the vicinity of $5 and now is showing more staying power. The seems to be to stay alert around this $11 level which if becomes too much to break might indicate a trip back down. Despite all this we can see there has been quite a bit of basing and price appears to be on the verge of pushing up. The indexes on the other hand may or may not cooperate but it seems to be a stock to keep an eye on.

Only for the conspiracy theorists and the fans of O'Neil:

Gringo

 

[tupapa]

Gringo, DB et al.

I am following 2 stocks that show strenght;

Blackberry, from Gringo´s analysis above looks like a great buy if there is a bounce of Support and a succesful test.

E-ON, find the chart attached, to me shows good support at this level, and after 7 years of consistent loses it seems like the tides are shifting.


However I am apprehensive about buying these since both the Dax and the NQ at are overbought levels and a correction is already underway, we don´t know how severe this will be.

How do you handle this dilemma? (Being bullish a stock but bearish the Index)

All the best

 

[niko]

BBRY. The dreaded blackberry seems to be showing strength on the weekly. It appears to have had held price in the vicinity of $5 and now is showing more staying power. The seems to be to stay alert around this $11 level which if becomes too much to break might indicate a trip back down. Despite all this we can see there has been quite a bit of basing and price appears to be on the verge of pushing up. The indexes on the other hand may or may not cooperate but it seems to be a stock to keep an eye on.

Only for the conspiracy theorists and the fans of O'Neil:

Gringo

Some distribution before so they can dump the rest of their line . I dont know anyone who owns a BB anymore But then again price can prove me wrong.

 

[niko]

Gringo, DB et al.

I am following 2 stocks that show strenght;

Blackberry, from Gringo´s analysis above looks like a great buy if there is a bounce of Support and a succesful test.

E-ON, find the chart attached, to me shows good support at this level, and after 7 years of consistent loses it seems like the tides are shifting.


However I am apprehensive about buying these since both the Dax and the NQ at are overbought levels and a correction is already underway, we don´t know how severe this will be.

How do you handle this dilemma? (Being bullish a stock but bearish the Index)

All the best

I dont think W would recomend that specific course of action, now if weakness in in the air why not chose some of the "leaders" and short them?

 

[dbphoenix]

Some distribution before so they can dump the rest of their line . I dont know anyone who owns a BB anymore But then again price can prove me wrong.

The distribution ship sailed long ago.

 

[niko]

The distribution ship sailed long ago.

Yes, perhaps that was a "light" comment. My point was that I dont see an opp for a long, the only thing I can come up with here is that the stock rose so that those who have something to distribute can do it at better prices, I can be overreading this stuff and I am definitely biased by the crappy fundamentals of the stock.

Anyway, I dont think my previous comment was of much help, so please ignore it

 

[dbphoenix]

Yes, perhaps that was a "light" comment. My point was that I dont see an opp for a long, the only thing I can come up with here is that the stock rose so that those who have something to distribute can do it at better prices, I can be overreading this stuff and I am definitely biased by the crappy fundamentals of the stock. (

Technically it looks good to me. And what's the risk?

 

[deaddog]

Yes, perhaps that was a "light" comment. My point was that I dont see an opp for a long, the only thing I can come up with here is that the stock rose so that those who have something to distribute can do it at better prices, I can be overreading this stuff and I am definitely biased by the crappy fundamentals of the stock.

Anyway, I dont think my previous comment was of much help, so please ignore it

Did you say Fundamentals????:eek: