RE: Watchlist - Investor method
(2013-03-30, 12:47 PM)Lplate Wrote: $600m medical examination company Examworks EXAM has a cont b/o at 16 and is now $17.50, stop $13 no resistance till $26. http://scharts.co/X3tsVb
Feb results were in line, though somehow still does not make money, and there has been some insider buying.
Great work again Lplate. I have taken the liberty to mark up the first chart (EXAM), as as you know, I'm researching the stop loss positioning at the moment in the Stop Loss Positioning Guide thread from the old GTA reports I have, and so thought it looked a good one for a practice stop loss positioning chart.
The last notable swing low on the weekly chart close to the 30 week MA (which is at 14.18) was at 13.79, and so I believe the correct positioning of the investor stop would be below that and also the half point as it's close by. So I think the investor stop would go at 13.49
The trader stop would be a bit higher though as it would go under the most recent pivot, which was at 14.75, however, there was another previous pivot very close to that at 14.55 and so I believe it would need to go under both and also the half point as it's close again. So I think 14.49 would be where the trader stop loss would be positioned.
As I said this is my practice from the research I've done so far, which is still in progress, so don't take it as gospel as I won't be more certain until I've gone through a large amount of examples from the GTA reports in detail. But from the examples I've done so far, these would be the stop positions I believe he would suggest.
With regards to the entry point, I'm only just beginning really with the pullback entries research and so haven't put the entry zone on the chart as I'm not confident enough to do that yet with certainty as what the proper zone would be. With my current thinking however, I would personally aim for a pullback entry in the 15.75-16.25 zone, as I wouldn't want to see it go much lower than that on a pullback, and it would give a more acceptable entry to stop distance at around 5x the 200 day ATR. Anyway, attached are the weekly and daily charts.
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.