Category: entry points
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2 Smart Tips to Enter Pullbacks in Parobolic Breakout Stocks
Often with explosive stocks and leveraged sector ETFs like NUGT, pullbacks off parabolic breakouts can be volatile, and difficult to enter. So just how do we figure out our entry level? There are two ways to do it. The safe route is to wait for a confirmation move. For instance,…
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Trade Entry: TRA
I bought 500 shares of TRA at $53.12. Setup: A combo platter of a breakout and trend-pullback and entering within a forming high and tight flag. I expect a continuation of the trend. Great volume pattern and RSI and stochastics confirm price highs. The stock is under accumulated here. Risk:…
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PCX: High Risk and High Reward
PCX has been the killer momo play for 2008. The stock has more than tripled, and has been relentless since breaking out in April, going from $50 to $150 in about two months. When I say relentless, I mean relentless. In that span, there was not even one high volume…
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Don’t Overpay for POT
Ag related stocks are finally starting to pullback. Those of us who missed the recent run (I raise my hand in shame) are starting to get itchy trigger fingers. Rest assured, I’ve got my gun set on safety. Take a look at Potash. Even with the 10 point pullback from…
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BEXP: Late Entry Post
I entered BEXP yesterday at the close as it showed that it would help support. This is a late post, so I won’t include it if and when I get around to updating my trading results.
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APPL Buy Point and Negative Divergence
I am thinking about putting a buy stop in place for AAPL just above $190. As you can see from the chart, that would be the logical breakout entry. A major concern of mine is the RSI divergence that is developing. Last year I did a study of breakouts accompanied…
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Today’s Entry: CSX, DZZ and MTL
I bought 100 shares of MTL at $143.46. The strong broke out over $140 yesterday on strong volume. It’s one of the strongest stocks in a strong sector showing loads of accumulation. I may be a bit early on entry (I usually don’t enter at overbought stochastic levels), as the…
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Today’s Trade: FWLT
I am short 400 shares of FWLT at $62. The setup: Broken momentum stock rising up to and stalling at resistance in a loose bear flag. Poor OBV and volume pattern, with stochastics showing an overbought sell signal. I used a “sell short limit order” to place the trade. This…
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Today’s Trade: PCLN
I bought 50 shares of PCLN at $121.30. I like the chart, but it was tough finding a good entry. We’ve got support at old resistance, which is $120. However, many strong breakouts pullback to the bottom of the breakout candle. If that were to happen, the stock could pullback…
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Can We Buy CNX’s Pullback?
Ronald wants to know if I consider the 3.7% drop in CNX, a stock I highlighted earlier in the week, a buyable pullback. While I would not buy just yet, the stock is still technically sound. Support has not broke and volume on today’s decline was within the stocks normal…
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Stocks that Should Be on Your Radar
Here are some momo names that should be front and center of your wachlist. I am looking for tradeable entries in: MTL, POT, HDB, LTRE, RICK, CTRP, DE, CPLA, FSLR, VIP, LDK, MCRS, HMSY, MON, MOS, ISRG, AGU, BIDU, MA, GLDN, RIG, MBT, ATW CF. Note the abundance of ag…
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EWZ Entry Strategy
One of my favorite buy the dip plays, EWZ (Brazilian ETF), has pulled back to the 50 day moving average. There are two ways I am looking to enter this stock. I’m going to make a very small buy now, right around the support area, with a stop around $59-60.…
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Trade: RIO and Entry Point Precision
I bought 500 shares of RIO at $44.65. This is a simple “trend pullback” trade. The stock has been on a steady trend that has bounced off of every pullback to the 50 day moving average. I am a bit concerned about the heavy volume on this pullback, so I…
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Thinking Out Loud About Amazon
Like many, I am kicking myself for not entering AMZN yesterday. On Thursday, I featured it as a breakout-pullback candidate. When I made my trades yesterday, I came very close to taking a 500 share position at around $44.40, but decided against it for two reasons. First, I had made…
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Watchlist and Entry Point Question and Answer
FPIC broke out of a three month triangle formation. Volume and the OBV indicator (a measure of volume at the close) show increased accumulation during the formation of the triangle, suggesting this breakout is for real and any pullback will be met with more buying. I will enter on a…
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Trade Review: HOC
Before posting my review of the HOC trade, I’d like to answer a question posed to me after the latest “today’s trades” post. The question: You seem to hold on to positions for only a few days even though it may seem as though the position could move higher. why…
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Patience, Trading and Profitability
I stumbled across this article on patience and trading via Trader Mike’s links. Although it may seem like basic stuff, it speaks about an issue that has been one of the toughest for me to master. The basic message is you must be patient with your entry points and give…
Paul J Singh 