-------- STOCKS TO WATCH - TUESDAY - NOVEMBER 1 -------------------
I will not be taking these trades myself today. Later today I find out if I have to serve jury duty and I won't be around to manage the positions if I'm gone.
RESP is in a bearish or minus 123 chart pattern. Following a bearish wide range bar, price has consolidated the last couple of trading sessions creating a triple bottom.
If price drops below the last 3 day consolidation pattern, it's a short play.
If price can reverse and manage to trade above the last 2 trading day's pattern, it's a long play.
The bias is to the downside. (Additional comments on the chart.)
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb20][vc60][iut][J61864890,Y]&listNum=1
If one wants to add filters to the screening process, MACD is very negative. These fuel cells look to be out of energy. This indicates price may not have the energy to trade above a major portion of the wide range bar.
Money flows are clearly showing distribution. That distribution was evident yesterday as shown by the long topping tail on the last candlestick.
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
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For those who may want to look and see if these stocks meet their criteria for taking a trade, other longs showing up with decent looking charts are:
PGR:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
CMX:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
SKYW:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
NKE:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
SNDK:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
VCLK:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
SLAB:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
CTXS:
stockcharts.com[h,a]daclyiay[d20050801,20051101][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
These stocks would require price rising above yesterday's high to trigger a trade. If the trade triggers, the initial stop loss would be just under yesterday's low of the day.
dabum |
