Replies to post #58548 on GoodFellas Big Board Catalyst and Chart Plays

[AugustaFriends]

My top 4 for Thursday Jan 16, 2013

AMD break 2.77 - could be a nice POP after 2.77


MTSN watch for 200dma break as a trigger


JOEZ BREAK 1.25 as a MAJOR trigger HEADED to golden cross on daily and weekly charts... MAJOR BULLISH WHAMMY



LOTTO PLAY

EGI - watch for .55 BREAK Must break .55 with volume.

[xtremezz]

Using the 20/50/100/200MA on both the daily and weekly chart. I rarely look at the monthly.

Only other thing I look for on those charts are things like double bottom/top. An example of a stock I've posted on StockTwits is M: it has a DB @ 36.35 and for that, you need the daily (sometimes weekly).

Most of my S/R lines are drawn on the basis of the 2M/3M/5M/15M/30M charts. Since the intra-day range is usually narrow for any given stock, the S/R lines I see drawn on the 2M chart (my main chart) are enough for trading. I then look at the 3M/5M chart for volume hints and occasionally 'hidden' S/R points, and the 15M/30M to identify he bigger S/R lines as well as gap ups/downs.

I've included a screenshot of my NFLX 2M chart. Orange is strong R, dark blue is strong S. Obviously, it doesn't always work out.