Looks like DECK bounced after it's breakout and pullback from the symmetrical triangle. Here is my chart from last week and one from today.....:money:
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Looks like DECK bounced after it's breakout and pullback from the symmetrical triangle. Here is my chart from last week and one from today.....:money:
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Okay, let's look at another potential trade setting up right now.....Michael Kors (KORS).....it has a nice cup and handle formation and yesterday formed a nice support candle on heavy volume - looks to have found a bottom in the handle. A breakout on heavy buying volume above $60....i look for 15-25% gains from cups with handles, assuming the overall market is also cooperating....
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And while I'm in a good mood, I'll toss one more into the fire...
watch to see if GLW breaks out and closes above the upper trend line...if so, a nice bounce could be coming
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A DECK update....chart looks good...trying to break out above prior resistance around the $43 area now
EDIT: Not a bad looking white candle for today so far considering the overall market is down today
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LIMIT check out the chart for LPHI moving after long consolidation
on average, there are not enough shares traded for me....i don't like thinly traded stocks
EDIT: But it is moving up on higher than normal volume for this stock, and that is always a good sign.Quote:
Originally Posted by mcoulter
took out one of the highs (3.27) $4 could be next stopQuote:
Originally Posted by Limit5Bass
Bass, You need to take a bow, you are the man. I just looked at KORS and saw it broke out today on earnings, but you predicted it from the charts a week ago. Where do you see it topping? Too late to get in? Too bad I was only watching and not buying. GLW is moving higher but not on high volume, are you still a buyer on a low volume breakout?
I am looking to get in under $61 on KORS
short-term, i would be seller in the near future (prob this week) for GLW, but I do not own shares of GLW. My funds were tied up but I didn't want some others to miss out on a relatively safe 10% gain
EDIT: unless the volume buying picks up in GLW...then possibly the upper end of my target zone could be acheivable
Quote:
Originally Posted by sparky
Today is the day to get in on KORS, under $62. It isn't going below $61 as I hoped. See my note on the chart.
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DECK update - look at this breakout....after a quick pullback yesterday and this morning, I think it's ready to start again towards my short term target of $50
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And last but not least, for now, is a GLW updatte - again, see my notes on the chart - enjoy!!
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Thanks for the charts Bass, I'll be finishing up Stikky this weekend. I only hope to get to your level someday.
KORS will probably be under some short term pressure due to the selling of shares by Mr. Kors. It will probably work on closing the gap now before proceeding
KORS looks poised for a short-term rebound.....however i think it might find resistance around the $63 area.....
Thanks for your updates on these stocks bud.
selling KORS into strength wouldnt be a bad idea....there are other stocks, that have not added additional supply to the chain, poised to run also.....Quote:
Originally Posted by Sundeeez
DECK may have 1 more dip before it continues it's move up.....
Or it could jump up about 7% in after hours. I guess it's not about how well you did in the quarter, it's about how well you think you will do in the next year.Quote:
Originally Posted by Limit5Bass
i have an update with the AH jump on my site...under the DECK tab click on the 2/28/2013 drop down menu
EDIT: It could also be due to the current elliot wave formation that it is in......everything else is noise
Quote:
Originally Posted by sparky