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Looking much better today. Much. Broke out of a donwtrending channel earlier....reports next week. There has been an issue hanging over this stock the past 10 days...some NTES dumbkoff (I would use the Chinese word for idiot but I don't know it) got caught taking kickbacks. Trying to put this issue behind it.....still looking for 80, however, it now appears earnings will be the propeller.
PSR = Price/Sales ratio. The lower the ratio, the (presumably) more attractive the stock from a value perspective. Many value investors look for a PSR < 1. The better way to use this metric is to compare the company's PSR with the PSR of its industry peers, looking for a PSR less than the average PSR.
Which brings to mind...Many things should be considered against the Industry....One that comes to mind is ROE...But also ROE should be studied too...As a % it is not all telling...IMO, the best companies use leverage to the hilt..Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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.
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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