RE: US Stocks and ETFs - Watchlist and Discussion
(2019-08-05, 10:45 PM)pcabc Wrote:(2019-08-05, 10:29 PM)drasp Wrote: hello guys, I'm new here. I wanted to share a couple breakouts I like, along w/ good earnings. I know that fundamentals don't matter w/ weinstein but it never hurts.
MTZ
https://www.tradingview.com/x/LERMC5Bv/
MEDP
https://www.tradingview.com/x/DwQjXiol/
Nice breakouts, but not a good time with the wider markets being the way they are.
With the various gaps up and down in MEDP I'd wonder if that were a bit risky?
MEDP does have a distribution looking chop on its way to the 30MA, w increasing volume on the drops. I remember one of stans sayings in his books where he says "a stage 3 can have a powerful rally after a breakout." So I just took a small position w/ really tight stops. A gamble I guess.