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Buy The Breakout? Part 2

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 […]

By |November 3rd, 2016|Bronze, Education, Gold, Premium Articles, Silver|Comments Off on Buy The Breakout? Part 2

Buy The “Breakout”?

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 […]

By |October 26th, 2016|Education|Comments Off on Buy The “Breakout”?

Facebook Breaks Resistance, Time to Buy?

Shares of Facebook $FB broke past the high since the gap lower in late July at 2454 and now some people are considering buying the “breakout” Before putting your money at risk as these two questions.

1- Where has the stock come from?
FB has rallied from a low of 18.87 to an intraday high […]

By |November 23rd, 2012|Articles, Education, General Blogs|Comments Off on Facebook Breaks Resistance, Time to Buy?