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Losers? You want losers? We don't need no steenkin' losers here!!
Well...besides my Pick Of The Year...I'm doing good...And now I'm stuck in last place and I have to scorekeep for another 49 weeks...Whatta Drag...But I said I'd do it...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
AQNT - Business Service/Advertising. Very nice recovery yesterday after a classic breakaway gap/cintinuation gap/exhaustion gap series of three bars on the daily chart left a close Wednesday below the 50DMA. A negative is that yesterday's up day was on lighter volume than the previous gap down days.
ERG is a strong 260. Estimates for the next two quarters are up 40% and 33.33% respectively YOY.
ASPM - the fact that it continues to trade below its 50DMA could be telegraphing a short opportunity.
ELTK. Love those rising trend channels! ERG a super strong 279. ROA is almost 31% and surprisingly, the PSR is less than 1.
DWCH. Beautiful C&H pattern and it's closed just below its pivot. EPS for the next two quarters is up 200% and 3,233% (!) respectively, YOY. Only 5.9% institutionally held so there's plenty of room for the elephants to jump into the pool.
ANGN. The chart says it all.
LGTY. Look how it's holding its 20-day EMA. This is a strong stock, mon amis. A real thinster with ADV = 61,440.
Im writing this in regard to EZEN which I have owned for a while. It has been making a decent move up and today is up a little despite the overall market on higher than avg volume. Just curious if you have any thought on this ???
1. The MAs shift from proper downtrend order (10-SMA < 20-EMA < 30-EMA) to proper uptrend order (10-SMA > 20-EMA > 30-EMA). What you're looking for is for the MAs to converge and then spread out again, giving the appearance of a bow tie.
2. Today's low must be less than yesterday's low.
3. Tomorrow, place a buy order 1 - 2 ticks above today's high good for tomorrow.
4. If not filled, continue to work the order above the prior day's high good for the next trading day until either filled or the stock trades below its 20-day EMA.
5. If filled, place a protective stop below the lowest bar in the setup.
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