lowtrade

[lowtrade]

OK for the old timers which have seen me post about my chart setups for years.

I've been interested in several stocks since returning and posting heads ups as needed. So back to LQMT which has already given 1 nice gain. But has created a chart I haven't seen very often. It made it's expected run in a flurry and since sat dead flat? DEAD FLAT on a penny ??? Not often seen!

Look at chart while reading;
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p26701671272

At any rate this is another HEADS UP for LQMT.
based on both my entry indicators and mainly on both my support indicators. Let me explain. The DMI has become at a perfect decision point. The 5,10,20 also has reached that decision point. All over a 1 1/2 month dead flat price. Now note during this the support indicators have been opposite. Showing buy pressure in the CMF and BE OUT in the stochastics. This conflict shows accumulation.

Basic thought, something should happen very soon to price. Retail accumulation during the wait. It has a huge positive flag which is calling for another nickel + if it runs. And phycology of the support indicators says it should.

Next we have NMM which is working and about half way through my last HEADS UP. Again check out the support indicators during this gap fill run. It says accumulation. I point this out because it's rare to see accumulation during a run. Thus enhancing the runs longevity possibly past gap fill target.
http://stockcharts.com/h-sc/ui?s=NMM&p=D&yr=0&mn=3&dy=0&id=p63304851585

If in IMO strong watch for a quick continuation past 2.50 resistance to the next resistance level at 3.20/25.


Last, I called NYMT to run. It's running And I just closed for third trade at 5.20 target. Plan the trade and trade the plan. The reason I'm mentioning this one again is not because I made another good trade, but because it is the 3rd flag and flags come in 3's. So if anyone is playing along Caution in the fact ALL indicators are still positive. Which would cause a trader not trading on a plan to hold too long.

http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=6&dy=0&id=p27001168732

This one I feel will be over shortly and IMO don't do the everyday mistake of holding for more after the first sign of a price run peak. Remember all my preaching about exiting on the first red day after Target is reached. Because it should head down after the 3rd flag no matter where the indicators are.

RECAP: LQMT expect 2nd target gain in the bank soon. NMM is working on 1st and expect 2nd trade gain right after. While I think NYMT will end after this 3rd target gain in the bank for me.

This whole post is about learning signals. Accumulation in the support indicators (opposing indications at the same time OR buy pressure strong; while in/out at be out, or reverse, seen in the CMF & Stochastics) says continued retail support for price direction. Accumulation shows a positive investors phycology. Flags come in 3's and continuation stops after the third. IMO 80% or more of the time.