The FEED 1234 pattern worked to perfection and my preemptive buys made it very profitable. I have locked in a large part of the gain as it surged over 20% on the day but am holding on to a piece as I think this one might still have room to run off the strong earnings report last week.
Congrats to those who caught the gain. I'm still trading around positions in the same stocks mentioned yesterday. Stay open and play what is in front of you.
JAX
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5 comments:
Strategy with LZR with it pushing 9?
Is all the others you posted 2 days ago are still action we should buy and wait on ?
Im getting started so dont be affrais im asking a ton of Q here !
LZR remains tricky. I really thought it would gain better traction when it broke 9. It had the initial pop but a very weak close I have set sell points in the upper 9's for a portion of shares but would like to be in if fire works take place through the 52 week high at 10.15.
Squishee,
The commodity plays are longer term plays I am looking for pullbacks in to get long. They are positions I am looking to trade around around as the market continues to rebound. I think with all the inflationary action of the government these will be the fastest to rebound as commodity prices will likely see the quickest rebound. Any change in the fundamentals of these stocks would shift my opinion and usually I just avoid them for a few days because you usually lose your edge in the short term. (changes such as news releases, analysts downgrades etc.)
The breakouts I list are timely buys that I am looking for quick breakouts. Primarily they are technical setups supported by recent earnings or because the sector is getting momentum money. If I am saying a "through 6" etc. that means if the stock moves through 6 on good volume I would be trying to time the buy through that point and be locking in some gains at the next resistance level say 6.5.
If there are some charts you want me to post to explain further just mention them.
By the way some pennies I like for tomorrow should we get some follow through off today's close are NOBL, TTI, and ENT. Similar setups as FEED. Pullbacks above their 50 dma after a big bar. They will be alot trickier to play since they are pennies and not as predictable but worth watching if you are trying to learn. Buypoint would be through day 3 high but I usually like to pick up a starter preemptively which I would keep a tight stop on.
JAX
I would like to see 1 pic/day at least with your analysis and tought on it and what we should do according to the conclusions you made !
Thanks
Alright, well if you would pick one in particular I will analyze the shit out of it. But if I don't know where you initiate the position, your size, time frame, etc. it might not help a whole lot of people. I will just post LZR since it was mentioned in this thread. Let me know exactly what you want and I will be better able to help.
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