The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
No changes
Open Position Notes:
No open positions – waiting for entries to trigger.
Closed Positions:
No closed positions.
Nice Chart – good setup – why stop 45.90? Can´t see a critical point in the charts there. Or is it just a % number?
Thx for answering
Hi Achim,
Glad you are here. Good question here. Typically I’d look for a complete pattern failure (break below the consolidation area), but in this case the stock has shown a recent history of clearing these trend lines and not looking back. So, that’s what I’m after here. I figure giving it a little over a point ($1.35) is sufficient to see whether the break will stick or not. Nothing magical about $45.90, just was giving it a little room to breathe in case it hiccups when it clears the trend line. Does this help to clarify?
Yep thx