Wednesday, March 12, 2014 10:23:29 PM
CRIS $3.17 - CRIS is looking good overall for a move up. The only major concern I have is its overbought on the 15 Min Chart, although it may give a kick up still before heading down.
Remember, I choose a stock on the Daily and then choose my entrance (and exits) on the 15 Min chart (then sometimes follow up with the 2 min chart too to see if trend is changing fast).
CRIS Daily chart below: RSI sloping up, Full Stoch trending up, MACD above 0 and looking to cross.
15 Min chart: RSI sloping down a bit and it sitting just above a "mini" (not always trustable) support line. Full Stoch is overbought. If you're not in a hurry, you can probably wait until Full Stoch retreats back down for an entrance. It's knocked at the door 3x to go past $3.18 and is trying now. I have a theory (yes - i have a lot) that a stock seems to knock 3x and after the 3rd try it normally breaks or retreats until it gets more courage later.
So a play for an entrance may be, if it breaks $3.17 and shoots up, then wait for it to retrace to $3.17 to buy in. Or, wait for it to go to $3.07 and buy.
I rarely if ever buy on the 15 Min chart with the Full Stoch overbought, unless there's some news/momo pushing it.
What are the dates for CRIS? Is it trial data, adcom or PDUFA? Thanks Smurf.
15 Min Chart
Remember, I choose a stock on the Daily and then choose my entrance (and exits) on the 15 Min chart (then sometimes follow up with the 2 min chart too to see if trend is changing fast).
CRIS Daily chart below: RSI sloping up, Full Stoch trending up, MACD above 0 and looking to cross.
15 Min chart: RSI sloping down a bit and it sitting just above a "mini" (not always trustable) support line. Full Stoch is overbought. If you're not in a hurry, you can probably wait until Full Stoch retreats back down for an entrance. It's knocked at the door 3x to go past $3.18 and is trying now. I have a theory (yes - i have a lot) that a stock seems to knock 3x and after the 3rd try it normally breaks or retreats until it gets more courage later.
So a play for an entrance may be, if it breaks $3.17 and shoots up, then wait for it to retrace to $3.17 to buy in. Or, wait for it to go to $3.07 and buy.
I rarely if ever buy on the 15 Min chart with the Full Stoch overbought, unless there's some news/momo pushing it.
What are the dates for CRIS? Is it trial data, adcom or PDUFA? Thanks Smurf.
15 Min Chart
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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