Spike's Scientific Stock Analysis

[spikefader]

NUS:
wow

[spikefader]

LSCP intraday chart:


EDIT: Stopped out for 11 pennies worth of fun.

[Massive]

spike,

If one wanted to hold NUS longer, where would you consider setting a stop to maximize the profits? Basically is there any way (technically) to decide where it will retrace to after the inevitable profit taking?

[spikefader]

spike,

If one wanted to hold NUS longer, where would you consider setting a stop to maximize the profits? Basically is there any way (technically) to decide where it will retrace to after the inevitable profit taking?

Logical stop is tucked under support. See below chart and green arrow. But if you really want to maximize your profit, look at the intraday chart, accept that you've got 5 waves, take you profit now with the view to opening a fresh position on a retrace to support.

Yes, there's a way to technically judge at what point it might run out of steam and profit taking to occur. On an intraday chart for today, you can see 5 clear waves up. It will run out of steam then, probably on it's last push up now, and there will be a retrace back down to support - i'd guess 26.00ish?? So it's at 28.10 now. Are you prepared to lose 2.10 hoping for more? I'd take it all off now, and wait for the retrace to add it all on again. Then I'd target like a pig, as shown in the chart below.

[Websman]

Spike, I've been long on DHB and have a fair profit to date. DHB seems to be trying to fill it's gap though. I checked the chart on Stockcharts.com and did not like what I saw. It appears to me like DHB may be in a bearish pattern and could be headed for a new channel entry at around the 12.50 mark. This is my take but I'm still unsure of my charting abilities. Tell me Spike, am I wrong or am I right.

[spikefader]

Spike, I've been long on DHB and have a fair profit to date. DHB seems to be trying to fill it's gap though. I checked the chart on Stockcharts.com and did not like what I saw. It appears to me like DHB may be in a bearish pattern and could be headed for a new channel entry at around the 12.50 mark. This is my take but I'm still unsure of my charting abilities. Tell me Spike, am I wrong or am I right.

You are correct my friend, it has clearly turned bearish. SHS with neckline break, targeting the gap support area. You have a channel short entry day. It's not looking good. Take your money and run to better longs.

[New-born baby]

THANK YOU, SPIKE

Spike,

I am sure that everyone who reads this board agrees with this statement:

"Thank you Spike for all you do. You've helped LOTS of people, including me. You have helped us financially, and more than that, reading your posts is great entertainment. Keep it coming!"

[Websman]

Thanks Spike!

I believe I will take my profits. It's good to know that I am getting closer to my goal of financial independence. One day we will all have to have a Mr Market meetup and share our success stories. This board has made all the difference in my trading.

[jiesen]

amen to that, webs

I agree, a $$Mr Market$$ meetup would pretty cool. And I do have to admit that Spike adds a nice touch to the site. Though I've never made a pure TA trade, and haven't tried to trade any of his charts yet, following his thread has definitely opened my eyes to the 'other half' of stock trading.

[spikefader]

Re: THANK YOU, SPIKE

Spike,

I am sure that everyone who reads this board agrees with this statement:

"Thank you Spike for all you do. You've helped LOTS of people, including me. You have helped us financially, and more than that, reading your posts is great entertainment. Keep it coming!"

Thank's New-born. I appreciate it.

I don't know how many people I've actually helped, but the more the better. Trading is soooo tough and the market can be soooo unforgiving if you give it half a chance. If this thread has helped others to see a truth - that emotions can ruin your trading and that smart TA entries and exits are actually possible and worth looking for - then the effort is worth it.

And thanks, Websman, for coming up with the great quote - Vulcans make great traders!

[spikefader]

NUTR: worth pondering to see if one can learn a lesson.
It's the same old story. Bagholders can get slammed out there. Take a warning signal, grab your profit, and look for the next perfect entry instead of buying and holding in HOPE.

[spikefader]

A Vulcan's revenge

OFG the time is right short now. Just waiting for intraday pattern to enter.

[yaoyao]

Agree with New-Born 100 percent. I benefit a lot from Spike's Chart Analysis. Thanks, Spike

Here comes another question. It looks like that APPX finally turns back. What do you think a good entry point will be? or i've already missed it?

[spikefader]

Agree with New-Born 100 percent. I benefit a lot from Spike's Chart Analysis. Thanks, Spike

You're welcome

APPX finally turns back. What do you think a good entry point will be? or i've already missed it?

Yes, you may have missed today's move - very bullish move, but that's cool.......there will be a time to enter it with a good r/r. That's a nice double bottom there, and could result in continued higher prices....but for me, you've missed it. I'd wait for a lower black channel entry:

[carribean_mike]

SMH

SMH up big today on volume. Getting close to short entry at gap around 33. Why does it always feel like you should be doing the opposite? Going long when you should be short or going short when you should be long. Up big on volume seems like a good thing.