In THIS POST we spoke about the importance of “where has the stock come from?” and not chasing breakouts. Since exiting the balance of that position with a profit at 48.30, the stock continued to selloff, all the way down to 42.02 in the next six trading sessions (see chart below.)
Today we had QRVO […]
Alphatrends Subscriber Webinar 10/31/16 from Brian Shannon – Alphatrends on Vimeo.
On Friday we purchased shares of Ctrip.com (CTRP) at a price of 4753 (point A) as the stock broke past a short term level of resistance above the rising 5 DMA. We took partial profits as the stock climbed above 4800. On Tuesday, as the stock broke above the September high of 4943, it […]
Our plan was to buy BIDU above 17750 but we don’t chase gaps higher, especially first thing on a Monday morning. The safer entry comes after a quick pullback (in this case, just under $1 in less than 10 minutes, a scary pullback if you purchased early.)
Looking to the chart on the […]