RE: Watchlist - Traders method
(2014-03-05, 03:19 PM)gbarbs Wrote: Here's a few charts from the same sector. I have posted 2 different charts for KKPNY. I think this issue has come up on here before about adjusted and non-adjusted charts for special dividends, etc. Weinsteing I think said to use the adjusted figures in the Q&A.
I am not sure which one is adjusted though and which one is non-adjusted. Maybe isa you or someone can help?
Aside from that these are telecommunications stocks. A quick check of ETF's such as XTL, and IST look like stage 2. When looking within the group my brokerage puts together I come up with:
Stage 1 19
Stage 2 20
Stage 3 12
Stage 4 5
This is good enough for me. The 3 of interest to me are KKPNY, ETAK, and HTCO. HTCO looks like a safe entry and is at a 10 year high. But the volume on KKPNY is very high, the RS looks exceptional, and it is still early. The question I have on that one is the difference in the two charts???
Attached is the stockcharts version of KKPNY with ichimoku cloud to highlight the potential resistance zone. The RS on that one doesn't look great as has just broken above the zero line, which was quite steep until recently. But the volume surge was exceptional on the initial breakout. But looks too early to me due to the resistance it's got to work through still.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.