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any more comments on ERS and VTAL....VTAL seems to have a J hook pattern to it....very bullish.
Talx seems to have support around 30. As well ADAM seems poised for another run up to highs...its getting pretty oversold and a inverted hammer appears here at an old resistance level.
any more comments on ERS and VTAL....VTAL seems to have a J hook pattern to it....very bullish.
Talx seems to have support around 30. As well ADAM seems poised for another run up to highs...its getting pretty oversold and a inverted hammer appears here at an old resistance level.
cheers
The action on ERS continues to be distributive, with heavier volume on down days than on up days.
VTAL pulled back to its 20-day EMA and is hugging it tight. The EMA is also smack-dab on top of the 38.2% Fib. retracement level, using the low before the breakout on 1/13 and the 2/23 high. That's bullish. The Volume Flow Indicator bottomed out two days ago and while still bearish (below zero), it's turned higher so the trend is "less bearish."
ADAM looks like its going to remain above its 50DMA. It would have been better had it remained above its 20-day EMA.
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.
Cooper candidate are stocks that have a high RS rank (95 or greater) and make a three-day pullback, either three consecutive lower lows or a combination of lower lows and inside days. Enter long on Day 4, 1 - 2 ticks above the Day-3 high.
The trade can be worked one additional day (lower low or inside day on Day 4, enter long on Day 5 one - two ticks above the Day-4 high). If it doesn't pop on Day 5, abandon the trade.
CRDN - the 50DMA
ESI - the 50DMA
EVVV - the 50DMA
FRK - the 50DMA
GG - the 50DMA
HIBB - the 50DMA
INFA - the 50DMA
NNDS - the 20-day EMA
ODP - the 20-day EMA
WXH - the 20-day EMA
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