WATCHLIST
OCT 7, 2014
I thought I would just throw a couple of ideas out there, possibly for your watchlist if you have one. In my last report I pointed out the set up in ZEN as looking like this (Chart below). Notice that, as an I.P.O. it experienced rapid buying and then just went sideways (no Sellers) consolidating those initial gains. Once you break above that area, another run up can take place, since no one is selling , everyone is along for the ride, and momentum buyers can jump in. I’ve seen this pattern a lot, and as long as a company is doing well, the results can be higher prices.
With that in mind, take a look at this next chart…
This is LOCO and it was a very well received I.P.O. lately too. Do you see a similar pattern as we saw in ZEN? These patterns arent randomness – they indicate what the investors are doing. Are they selling? Accumulating? Panicking ? Yes, this can go sideways for a while longer, much like ZEN did, as buyers accumulate… but it deserves being on the watch-list.
People compare LOCO to a Chipotle type stock. It was below $50 also, and recently tagged the $700 area.
Below is Chipotle on a Monthly chart, and if LOCO has good earnings and runs a good business like Chipotle has, the stock has good long term potential.
I also wanted to re-visit FEYE. I recommended watching it form a double bottom in Sept with this Wkly chart.
Interestingly (I always think that someone knows something) It was downgraded last week and revisited lows.
Was that so shares could be bought up? Look at the reversal candle yesterday
FEYE came out with some solid news this a.m., and its up $1.50 in pre-mkt.
Dosnt it seem convenient that someone scooped up shares off of that low last night, RIGHT BEFORE THE NEWS CAME OUT?
It may gap open and try to fill that gap as we approach lunch time (That mid day dip often seen) or it may just POP & RUN. These are 2 that are still on my watch list
Good day trading!
~Alex
amazing stuff… tx
G-Morning Heidi ,
Yeah, makes you wonder ,huh? Nice to hear from you : )
amazing stuff… tx
G-Morning Heidi ,
Yeah, makes you wonder ,huh? Nice to hear from you : )
I need more $
LOL – I ‘ve said that too…in fact , I think that often.
At the same time, I dont like having too many trades on, because its hard to keep track. At times opportunities seem to pop up here & there and you wish you could do more. Then I have to remind myself, I’m not a good juggler, keep it simple … but I definitely know what you’re saying : ) Thanks for reading along, Liza
I need more $
LOL – I ‘ve said that too…in fact , I think that often.
At the same time, I dont like having too many trades on, because its hard to keep track. At times opportunities seem to pop up here & there and you wish you could do more. Then I have to remind myself, I’m not a good juggler, keep it simple … but I definitely know what you’re saying : ) Thanks for reading along, Liza
pog Up miners Down. Whadaya think about dat?
Miners still getting held under the 10sma…and today turned down. Seem to be testing lows from 2 days ago (Bottoming?) . GLD is up against its 10sma now. In my opinion, I would see that and think that the move up in Gold is false and may test lows again like the Miners are today.
IF GOLD does drop tomorrow and Miners do not, they just go sideways or even green, then I think Gold is following the Miners- by testing lows and they both may be bottoming. ( Temp bottom from this deep sell off)
Or, POG has exercised it’s triple bottom. And we’ve lost interest in miners as a derivative to the unholy gyrations in POG. Who needs leverage to an uncertain insurance position?
I’m wondering: The algo census must be that the all in cost/ oz. of gold is $1200 across the GDX. It may be closer to the truth within the HUI.
thanks again
pog Up miners Down. Whadaya think about dat?
Miners still getting held under the 10sma…and today turned down. Seem to be testing lows from 2 days ago (Bottoming?) . GLD is up against its 10sma now. In my opinion, I would see that and think that the move up in Gold is false and may test lows again like the Miners are today.
IF GOLD does drop tomorrow and Miners do not, they just go sideways or even green, then I think Gold is following the Miners- by testing lows and they both may be bottoming. ( Temp bottom from this deep sell off)
Or, POG has exercised it’s triple bottom. And we’ve lost interest in miners as a derivative to the unholy gyrations in POG. Who needs leverage to an uncertain insurance position?
I’m wondering: The algo census must be that the all in cost/ oz. of gold is $1200 across the GDX. It may be closer to the truth within the HUI.
thanks again