RE: Watchlist - Traders method
(2013-09-19, 06:13 PM)gbarbs Wrote: Here's one that is on my watchlist - ANW. I got into it during the consolidation period and got stopped out. I had anticipated the continuation move, and put a tight stop on which was hit. Poor decision making and being jumpy. So, now there looks like an actual continuation. Provided it stays where its at it should show a buy signal on the P&F as a triple top (although very close to the downtrend line).
I don't know. I like this but not sure I'm going to buy right now. I don't know if its the downtrend line on the P&F or the market being up so much. I am invested enough right now, so think I'll wait for a pullback and really safe entry.
Here's some alternate charts to give a different perspective, as using a percentage box size P&F chart instead based on the 20 day average true range (which is 4.2% currently), it shows it's in an uptrend and making a Stage 2 continuation move currently. I've also attached the Ichmoku weekly chart which is a method I l personally like to look at to gauge the long term resistance.
isatrader
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.
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.