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‘‘NOT EVERY FOLLOW-THROUGH TRIGGERS A HUGE NEW BULL MARKET ,BUT NO RAGING BULL HAS EVER STARTED WITHOUT ONE’’-WILLIAM O’NEIL
ALL INDICES HAD FOLLOW THROUGH DAYS ON LAST WEEK,AND CLOSED ABOVE 50-DAY MOVING AVERAGE ,NASDAQ CLOSED UP WITH 6% WEEKLY GAINS.
HERE IS THE LIST OF STOCKS I WILL BE PAYING ATTENTION FOR BUYING OPPORTUNITIES.
NB;ALL GRAPH/CHART IS FROM MARKETSMITH APP WHICH IS IBD TRADEMARK.
GOOD VOLUME AFTER ER CAMEOUT,I WILL BUY AT THE PIVOT POINT AROUND 20$
I WANT TO SEE VOLUME INCREASE AT THE PIVOT POINT,THEN I CAN STEP IN
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I WANT TO SEE PULLBACK TO THE PIVOT POINT BEFORE BUYING,GOOD VOLUME GOOD ER
WITH DUE RESPECT TO ER,I WILL BUY WHEN IT BREAK A RED LINE (RESISTANCE)
GOOD MOVE LAST WEEK,SMALL PULL TO THE BUYING RANGE THEN IM IN
GOOD VOLUME ON FRIDAY MOVE,I WILL AT THE PIVOT POINT (AROUND $34)
FALLING WEGDE, I WILL WAIT FOR ER TO IF IT CAN B/O OF WEDGE
I WILL BUY AT THE PIVOT POINT
I WILL BUY AT THE PIVOT POINT
LET WAIT FOR ER,I MIGHT GO EITHER WAY (UP OR DOWN)
ITS IN A BUYING RANGE ,I WILL BUY IT
NICE CUP WITH HANDLE ,I WILL BUY AT THE PIVOT POINT
B/O ABOVE THE TRENDLINE WILL BE I BUY SIGNAL TO ME
TML FIVE TRADING RULES
1. Buy the stock as it break above base or trendline on above average volume
2. Sell -4% to 7% from buy point,intra-day
3. Take gains 20-30% above buying point
4. Use trailing stoploss to protect your gains
5. If you have three straight failure -4% to 7% ,stop buying and do postanalysis
THANK YOU FOR YOUR TIME
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