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Post by huh on Sept 8, 2014 9:58:32 GMT -5
9.97 is the number to hold for AKS this morning. Trade under there for more than a few minutes and it sets-up for a H&S target in the 8.70's. I may be way wrong (& recent calls would suggest I am), but my gut keeps telling me that this bearish pattern will get squeezed & the much larger bullish pattern could play out. This set-up looks so much like many of the other big names that got squeezed recently. It's trading ~9.90 in pre-market. If it opens here or lower, than rises back above 9.98, then good odds that will happen. But will have to respect the pps either way today. Would have been more bullish had AKS fell below 9.97 before running for the opening gap fill. No avoiding it. 9.97 is the support and looks like it will fail. Need confirmation with the close (only bullish with a close over 9.98 today) So much for a gut feeling. |
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Post by huh on Sept 8, 2014 12:16:35 GMT -5
Would have been more bullish had AKS fell below 9.97 before running for the opening gap fill. No avoiding it. 9.97 is the support and looks like it will fail. Need confirmation with the close (only bullish with a close over 9.98 today) So much for a gut feeling. AKS downside target now ~8.75 with 9.98-10.00 as the resistance.  Could still squeeze the H&S, but would have to wait for confirmation of that now. I regret ever posting anything on this one. |
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Post by huh on Sept 9, 2014 15:37:01 GMT -5
No avoiding it. 9.97 is the support and looks like it will fail. Need confirmation with the close (only bullish with a close over 9.98 today) So much for a gut feeling. AKS downside target now ~8.75 with 9.98-10.00 as the resistance. Could still squeeze the H&S, but would have to wait for confirmation of that now. I regret ever posting anything on this one. Down over 6% since losing 9.97. Still see downside ~8.67-8.75 BUT it didn't backtest the neckline with the H&S breakout. So could still see ~10 before hitting the downside target. |
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Post by novie08 on Sept 10, 2014 10:04:20 GMT -5
Well, that didn't work AT ALL; sold at 10.39. Just like I said, a POS.
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Post by huh on Sept 10, 2014 10:16:15 GMT -5
Well, that didn't work AT ALL; sold at 10.39. Just like I said, a POS. I'm sorry that I had anything likely everything to do with that loss. |
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Post by novie08 on Sept 10, 2014 10:31:17 GMT -5
Well, that didn't work AT ALL; sold at 10.39. Just like I said, a POS. I'm sorry that I had anything likely everything to do with that loss. No, no, no. In fact, the following Upgrade (sell signal) would have worked nicely. T/R just tricked me the first time.  |
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Post by huh on Sept 17, 2014 9:14:43 GMT -5
AKS backtesting H&S neckline. Downside target of that H&S is 8.70.
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Post by huh on Sept 17, 2014 14:20:54 GMT -5
AKS backtesting H&S neckline. Downside target of that H&S is 8.70. |
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Post by novie08 on Sept 17, 2014 15:26:45 GMT -5
Looks like a nice squeeze...doesn't matter, don't own. Maybe wish I had bought down low. That's the trouble with these things trading 30 million shares. Who knows?
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Post by huh on Sept 22, 2014 11:10:40 GMT -5
AKS backtesting H&S neckline. Downside target of that H&S is 8.70. Ended up hitting the target anyway (close enough anyway). That was only the minimum downside target. Not seeing much for support here besides that. |
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Post by huh on Sept 30, 2014 9:10:58 GMT -5
Not sure what/if T/R is saying, but AKS could be at least a swing long here against 8.17. Would expect a pop to at least ~9.00 so long as that LOD holds now.
JMHO
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Post by huh on Sept 30, 2014 11:37:12 GMT -5
Not sure what/if T/R is saying, but AKS could be at least a swing long here against 8.17. Would expect a pop to at least ~9.00 so long as that LOD holds now. JMHO Had a nice bounce off of that support (almost 5%), but falling since. It may not hold after all. Under 8.23 and it likely fails, but under 8.17 into the close assures it. Lots of bullish patterns & supports failing out there the last few days. Haven't seen that since this same period in 2011. QE already over or something? |
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Post by huh on Oct 2, 2014 9:25:15 GMT -5
AKS trying desperately to hold on to final 76.4 FIB support @ 7.25 (from 06/03 low to 08/26 high). This was where I wanted to buy it. But market hasn't hit downside targets yet & VIX it's upside target.
patience...PATIENCE...PATIENCE!
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Post by huh on Oct 2, 2014 14:08:01 GMT -5
AKS trying desperately to hold on to final 76.4 FIB support @ 7.25 (from 06/03 low to 08/26 high). This was where I wanted to buy it. But market hasn't hit downside targets yet & VIX it's upside target. patience...PATIENCE... PATIENCE! AKS up over 6% from that support now. 7.75 is key resistance if day trading it. |
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Post by huh on Oct 7, 2014 11:12:31 GMT -5
Even though it's green in today's red market, I wouldn't chase AKS quite yet...  |
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