Category: High and Tight Flag
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Trade: BA
I entered BA today post breakout from a triangle pattern. The stock seems to be forming a Tight Flag post breakout. I am also short IOC, SPY and RL
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I am looking to enter ACI
Coal, and ACI, have been on fire of late. It’s tough to find a good entry, so I may just enter on today’s break of a bull-flag pullback.
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Another Coal/Solar Trade Candidate
The chart speaks for itself. Ideal entry is at the bottom of the trading range.
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Today’s Trade: PCX
I entered 400 shares of PCX at an average price of $8.66. My stop is around $7.40 and my initial target is $10.50. This gives me a 2:1 reward to risk ratio. As noted in the blog and report last night, the coal sector looks great and PCX shows…
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Sector Watch: Coal
Coal is currently one of my favorite sectors for long trades. Among coal stocks, PCX has one of my favorite patterns. Entry at the bottom of the bullish flag consolidation range is ideal.
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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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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 Trades: DXPE, STLD and LFC
I bought 500 shares of LFC at $50.09. This is purely a breakout play. I am not waiting for the pullback. My intital target is the late 2006 high at $56. I bought 500 shares of DXPE at $$47.40. This is a breakout-pullback play. My initial target is the recent…
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Today’s Trade: SMSI and TZOO
I sold my remaining 500 share of SMSI at $17.98 (entry at for a $15.96) for a $1,010 gain (+12.6%). I entered on an NR7 pullback to the breakout point. My exit was timed at recent highs, although I do think this stock has the potential to breakout to new…
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Chart: NVL
NVL is setting up nicely with a high, tight flag after a breakout. An aggressive trader could enter now using a stop just under the flag formation, but I will likely wait for a breakout over $38 on high volume. ***AGLOCO pays you to surf the net! It’s a great…
Paul J Singh 