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Re: None

Sunday, 07/02/2017 9:33:28 AM

Sunday, July 02, 2017 9:33:28 AM

Post# of 17741
FWIW I have been checking this trade idea on stocks that have been bouncing off the bottom to try to get an idea on what a price target could possibly be (got the idea from Adam Khoo). So far it seems to be working ok. I think it is useful at determining an entry and exit point when one doesn't get to buy at the exact bottom and doesn't want to chase, but still profit without leaving too much $$$ on the table.

This one took a lot longer to hit the target compared to others I have tested. The volume was picking up on the break out, but still not up in the millions/day as the others I have checked.


This had a nice tech break out on Friday where it broke above the trend line on the daily chart as well as a break above the Ichimoku cloud. IMHO the next step would be to form a full candle above the trend line and then eventually break the .30 high which at this point could possibly set up about a .76 price target. Actual numbers will change based on this weeks trading style.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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