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- TRUE MARKET LEADER
I DON'T TRADE THE DOW STOCKS. I PREFER THE LITTLE ONES BECAUSE THEY ARE NOT DOMINATED BY THE BIG PROFESSIONAL TRADERS WHO ARE LIKE SHARKS EATING EACH OTHER."
-MICHAEL MARCUS.
NB;ALL GRAPH/CHART IS FROM MARKETSURGE APP WHICH IS IBD TRADEMARK. You can join here : https://t.ly/UxNt0
HERE ARE LIST OF STOCKS WHICH I HAVE BOUGHT OR I’M LOOKING TO BUY ONTO THIS WEEK.
MY STOCK PERFORMANCE RATING IS A+,A,B AND C WITH A+- BEING THE TOP AND C-BEING NORMAL.
MOVING AVERAGE LINES USED
REDLINE = 50 DAY MOVING AVERAGE
GREENLINE = 10 DAY MOVING AVERAGE
PINKLINE = 21 DAY MOVING AVERAG
BLACK LINE = 200 DAY MOVING AVERAGE
The Nasdaq bounced off the short term moving avarages (10 and 21 MA) but it made new high on lower volume, this indicate that the index is still weak as it can not push through new high on higher volume.
I dont expect more higher rmovement untill we have a serious consolidation something like a handle should be formed as the index appear to be extended after a long run.
The same applies to S&P 500 index, it is currently extended so we need some consolidation or correction thats why it cant push much higher move. So i expect some consolidation or correction giong into the next weeks.
This will help stock market leaders to form new bases.
This below is the index which track small capital companies as you can see on the picture below, the index has formed a double botttom and it is currently forming a handle.
I expect some small capital stocks to perform well in the coming weeks, because their index is suggesting that it may have ahigher move if we can get a push through this current resistance, so pay attention to small capital stocks.
RATING:B The company has good fundamental and technical action and it is currently trading at the pivot point, so i will be paying attention to this stock and will start a position if i will get a good entry.
RATING:B The stock has formed deep cup with handle and it is currently trading at the pivot point, the company has good current fundamentals inspite of having negative future estimate.Will find a good entry point .
RATING:B The stock is currently at the institutional advance phase whereby institutions are continuing adding more shares after buying from the bottom, and the stock is at the pivot point.Will look a good entry to start a position
RATING:B The stock has formed an IPO base and is approachiing a pivot point, it has good earnings and sales and both are accelerating has it can be seen on the green line above, will find a good entry at the pivot point.
RATING:B This stock also have IPO base trying to move to a new high ground, it also has best acceleratiing earnings and sales, Will look for best entry at the pivot point (Blue zone).
RATING:B The stock has formed little consolidation after making a huge move and the best thing is the consolidation is very tight which suggest that there is accumulation going on. Will buy when it will move past the current consolidation.
RATING:B The stock has formed the cup without a handle and is currently trading at the pivot point. Will find the best entry so that i can start a position.
“If you personalize losses, you can’t trade.” |
“If you personalize losses, you can’t trade.” |
“If you personalize losses, you can’t trade.” |