RE: US Stocks - Intraday Watchlist and Discussion
(2014-01-20, 10:20 PM)gbarbs Wrote: I like this one....Looks like a head and shoulders formed over a long period. The 30 wma is decidedly positive whereas VSCI has just stopped declining and barely nudged up. Both are in strong sectors. It is very far from a good sell stop but that is often the case with the fastest movers.
Yep VSCI is only just attempting to move into very early Stage 2A and so is more suitable for longer term investors to consider the half entry, but VIMC has made a second attempt at moving into Stage 2 and has now completed it's first continuation move with a rising 10 and 30 week MA and good relative volume and relative performance. So is good trader method stock, but it's also at my favourite position, which is the monthly Stage 2A breakout, as it's cleared a three year head and shoulders base on the monthly chart and 30 month MA has just turned up. So investor or trader could trade it as is in confirmed Stage 2 advance.
Strong relative volume is what I'm looking for the most with this thread, so that I can highlight the strong movers earlier and sometimes before the breakout, so that closer sell stops are possible in some cases, and that we can get in some decent breakouts before the close, if they are acting right into the end of the day.
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.