|
Post by huh on Mar 4, 2015 8:38:37 GMT -5
There is some FIB support on DDD ~28.45, but I'd wait for a move back over 29.35 after a test of that before considering a long in that one. Otherwise, ~27.40-27.50.
|
|
|
Post by huh on Mar 4, 2015 10:09:32 GMT -5
There is some FIB support on DDD ~28.45, but I'd wait for a move back over 29.35 after a test of that before considering a long in that one. Otherwise, ~27.40-27.50. LOD so far 28.45.
|
|
|
Post by huh on Mar 4, 2015 10:23:26 GMT -5
DDD F.A.I.L.
|
|
|
Post by huh on Mar 6, 2015 12:28:51 GMT -5
Canceled my 27.50 buy order for DDD. If it hits way before everything else even get close to hitting their buy targets, I'm suspicious. I'll check back on it again in a couple hours.
|
|
|
Post by birthmark on Mar 6, 2015 12:56:56 GMT -5
Still watching that too Huh.
|
|
|
Post by huh on Mar 6, 2015 12:59:30 GMT -5
Still watching that too Huh. Ahh hell, I put it back in for 27.51. What's the fun of a pullback if you don't buy anything? I'm too undecided today. I need to wait until the close. (and probably need a nap as well)
|
|
|
Post by huh on Mar 6, 2015 14:40:41 GMT -5
Seeing a potential pattern developing in DDD that would put it slightly lower than 27.50 - and why I was so hesitant on it. Will have to wait and see what it does into the close/Monday morning.
|
|
|
Post by birthmark on Mar 6, 2015 19:57:10 GMT -5
May dip my toes in DDD next week. You nailed these calls Huh.
GL
|
|
|
Post by huh on Mar 7, 2015 10:43:46 GMT -5
Kind of tough right here with DDD. The current set-up could be targeting the 27.00-27.57 if it were to lose Friday's low. This area has served as support multiple times now. However, keep in mind that this is a long play on the chance of it creating a right shoulder of a very large H&S pattern (chart below). It's riskier because of this but could also generate larger and faster gains than a normal long. That neckline sits in the 27.40's. I see about four possible scenarios here, so instead of writing them all out, I want to see if it loses Friday's low first. If it does lose Friday's low, I'd wait for it to fall below, and then rise back above that neckline to confirm the squeeze. But if it doesn't (see the 2nd chart for why Friday's low is so important - final FIB support), then I'd wait for a confirmed move above 29.35/29.36, the previously failed FIB support/now resistance. If it does rise above that resistance, then it would quickly test 30.00 again. If this scenario played out, it would likely begin with a gap-up over the 29.35 area, so really I'd wait for the confirmed move over 30.09 to confirm the squeeze since the risk/reward wouldn't be all that great. Like I said, kind of tough here...and I hope I didn't make this too confusing. For now, I'd like to see what it does with Friday's low come Monday. A gap up would potentially be the most bearish sceanrio, all the way to a little over 30.00 (see in the 2nd chart how that would create another H&S?). However, lower lows and we'll only be waiting for a buy/squeeze confirmation. Larger H&S Close up of Friday's low
|
|
|
Post by birthmark on Mar 7, 2015 11:24:10 GMT -5
Thanks Huh. Great charts!
GL
|
|
|
Post by birthmark on Mar 9, 2015 19:55:19 GMT -5
Huh-- low today was 27.71 you right on these calls. 27.50 looks like it will hit tomorrow. Have not dipped my toes in yet.
GL
|
|
|
Post by huh on Mar 10, 2015 7:51:43 GMT -5
Pre-market low so far in DDD is 27.50.
|
|
|
Post by novie08 on Mar 10, 2015 9:23:58 GMT -5
Here's another: ARNA downgraded to lowest possible by t/r yesterday...+3.5% now, obvious squeeze. This is a momo stock, good for trading.
|
|
|
Post by birthmark on Mar 10, 2015 9:47:05 GMT -5
Pre-market low so far in DDD is 27.50. Huh is in the House!!!!!!!!!
|
|
|
Post by huh on Mar 10, 2015 9:50:04 GMT -5
Pre-market low so far in DDD is 27.50. Huh is in the House!!!!!!!!! I've got a buy order in a little lower @ 27.38. It could easily go 2-3% lower than that, but I'm willing to sit with it some while SPX (hopefully) bottoms.
|
|
|
Post by huh on Mar 10, 2015 10:14:01 GMT -5
Huh is in the House!!!!!!!!! I've got a buy order in a little lower @ 27.38. It could easily go 2-3% lower than that, but I'm willing to sit with it some while SPX (hopefully) bottoms. Dropped my bid down to 27.15 (expecting 27.12). Every time this goes up, it creates a pattern for a lower target.
|
|
|
Post by huh on Mar 10, 2015 10:35:05 GMT -5
I've got a buy order in a little lower @ 27.38. It could easily go 2-3% lower than that, but I'm willing to sit with it some while SPX (hopefully) bottoms. Dropped my bid down to 27.15 (expecting 27.12). Every time this goes up, it creates a pattern for a lower target. Canceled my bid for now. Market could close on LOD, and the way this is trading, might get an even better entry. Will check back on it later.
|
|
|
Post by birthmark on Mar 10, 2015 10:41:47 GMT -5
I'm with you Huh. I'm not touching anything today. Both CHK and DDD
GL and great calls
|
|
|
Post by novie08 on Mar 10, 2015 11:58:50 GMT -5
Here's another: ARNA downgraded to lowest possible by t/r yesterday...+3.5% now, obvious squeeze. This is a momo stock, good for trading. Now +8.25% on no news that I can find. (Is there an emoticon for who knew?) Squeeze on CEMP also so many it's a biotech thing.
|
|
|
Post by huh on Mar 11, 2015 8:46:32 GMT -5
DDD hit the support line with that LOD.
|
|