Kind regards
Ivica
Ivica
What I'm Watching
- Thread starter xpertstocktrader
- Start date
Chart of the week
Date: 07/13/2009
Symbol: CTB
Company Profile: Cooper Tire & Rubber Company manufactures and markets replacement tires primarily in North America and internationally. It produces passenger car and light truck tires for independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains.
Sector: Consumer Goods
Industry: Rubber & Plastics
TRADING PLAN
Entry price: 10.50
Stop price: 10.00
Target area: 12.50-13.50 area
Chart explanation: CTB forming daily and weekly triangle. I wonât expect weekly equal move but if market will bounce I believe that CTB can see weekly 200sma resistance area. It is obviously that CTB have own way for now and it is much stronger then market. On the daily chart we can see that5 10sma (brown line) is key support area for setup what I described on the chart.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
Date: 07/13/2009
Symbol: CTB
Company Profile: Cooper Tire & Rubber Company manufactures and markets replacement tires primarily in North America and internationally. It produces passenger car and light truck tires for independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains.
Sector: Consumer Goods
Industry: Rubber & Plastics
TRADING PLAN
Entry price: 10.50
Stop price: 10.00
Target area: 12.50-13.50 area
Chart explanation: CTB forming daily and weekly triangle. I wonât expect weekly equal move but if market will bounce I believe that CTB can see weekly 200sma resistance area. It is obviously that CTB have own way for now and it is much stronger then market. On the daily chart we can see that5 10sma (brown line) is key support area for setup what I described on the chart.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
Stock recommendation
Trading Strategy:
I didnât find many charts for position setup and I donât have clear trading plan but I will follow DF. I like weekly/monthly consolidation after bounce from lows and look like want break up and it is important to follow monthly 10/20sma as key resistance areas. As always after setup it is important to see pace and volume and same will be with DF. I want to see how will DF react on possible market selling pressure and after nice daily bounce best will be to see pattern before setup. For now ideas is for buy above $20 number resistance area and stop is under $17.50 area but trading plan I will post on time in the trading room.
I will send all updates and if anyone will have any questions feel free to contact me
Ivica
Trading Strategy:
I didnât find many charts for position setup and I donât have clear trading plan but I will follow DF. I like weekly/monthly consolidation after bounce from lows and look like want break up and it is important to follow monthly 10/20sma as key resistance areas. As always after setup it is important to see pace and volume and same will be with DF. I want to see how will DF react on possible market selling pressure and after nice daily bounce best will be to see pattern before setup. For now ideas is for buy above $20 number resistance area and stop is under $17.50 area but trading plan I will post on time in the trading room.
I will send all updates and if anyone will have any questions feel free to contact me
Ivica
I will look for exit. Most is already protected. Congratulations to takers
Ivica
Chart of the week
Date: 07/13/2009
Symbol: CTB
Company Profile: Cooper Tire & Rubber Company manufactures and markets replacement tires primarily in North America and internationally. It produces passenger car and light truck tires for independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains.
Sector: Consumer Goods
Industry: Rubber & Plastics
TRADING PLAN
Entry price: 10.50
Stop price: 10.00
Target area: 12.50-13.50 area
Chart explanation: CTB forming daily and weekly triangle. I wonât expect weekly equal move but if market will bounce I believe that CTB can see weekly 200sma resistance area. It is obviously that CTB have own way for now and it is much stronger then market. On the daily chart we can see that5 10sma (brown line) is key support area for setup what I described on the chart.
Ivica
Ivica
Chart of the week
Date: 07/13/2009
Symbol: CTB
Company Profile: Cooper Tire & Rubber Company manufactures and markets replacement tires primarily in North America and internationally. It produces passenger car and light truck tires for independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains.
Sector: Consumer Goods
Industry: Rubber & Plastics
TRADING PLAN
Entry price: 10.50
Stop price: 10.00
Target area: 12.50-13.50 area
Chart explanation: CTB forming daily and weekly triangle. I wonât expect weekly equal move but if market will bounce I believe that CTB can see weekly 200sma resistance area. It is obviously that CTB have own way for now and it is much stronger then market. On the daily chart we can see that5 10sma (brown line) is key support area for setup what I described on the chart.
Ivica
Stock recommendation
Symbol: GMR
Company Profile: General Maritime Corporation provides seaborne crude oil transportation services worldwide
Sector: Services
Industry: Shipping
TRADING PLAN
Entry price: 8.50
Stop price: 9.06
Target area: 7.50-6.50 area
Chart explanation: GMR is obviously weaker then market and look like have âown wayâ. I will look for selling continuation and pull back from daily 10sma resistance area- Equal move is around $7.50 area and previous low is $6.50 area what will be monthly double bottom pattern. If market will start with weekly correction I will expect from GMR to continue with down trend action.
If anyone have any question or need update feel contact me over email or in the live trading room.
Symbol: GMR
Company Profile: General Maritime Corporation provides seaborne crude oil transportation services worldwide
Sector: Services
Industry: Shipping
TRADING PLAN
Entry price: 8.50
Stop price: 9.06
Target area: 7.50-6.50 area
Chart explanation: GMR is obviously weaker then market and look like have âown wayâ. I will look for selling continuation and pull back from daily 10sma resistance area- Equal move is around $7.50 area and previous low is $6.50 area what will be monthly double bottom pattern. If market will start with weekly correction I will expect from GMR to continue with down trend action.
If anyone have any question or need update feel contact me over email or in the live trading room.
gl
I will take partials and move stop under: 21.00
good call
Hi IvicaJ, thank you very much for the wonderful information. It really helps me a lot.
Thanks a lot!
Thanks a lot!
my pleasure 