The SLAB RET analysis is quite bullish, as the stock seemed to have made a major Elliott low in April this year. However, SLAB is likely to hit $46 in the months ahead.
About Me
Monday, October 24, 2005
Consider SLAB
Although I am not entering this trade in the Challenge account, I have entered it in another account. The reason being that I already have too many bullish trades in this account. I tend to keep a balance.
The SLAB RET analysis is quite bullish, as the stock seemed to have made a major Elliott low in April this year. However, SLAB is likely to hit $46 in the months ahead.
The SLAB RET analysis is quite bullish, as the stock seemed to have made a major Elliott low in April this year. However, SLAB is likely to hit $46 in the months ahead.
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3 comments:
Again another rise today on SGR!!!
I am not in the trade unfortunately, but I have a projection of $28.42 using a 23.6% fibonacci 'step up' from the previous move. Watching for a retracement before the target before entering.
Today DNA has broken upwards in a wedge pattern. I don't have a projection for this as it has a couple of resistance points, $87.35 and $87.60. If it broke those I could see it return back up to $94-$95.
**JUAN an Ellioticians view please.**
GGC is looking good, just have to bide our time.
AAPL, projection of $60, using a 23.6% fibonacci 'step up' from the previous move.
BP This is retracing from the 61.8% from a previous move. Projections of $67 and $69.21 using fibonacci.
RHAT Resistances of $22.05 and $22.42, with a fibonacci projection of $24.20 using a 23.6% fibonacci 'step up' from the previous move.
AMZN a projection of $50.12, using a 23.6% fibonacci 'step up' from the previous move.
FDX Projection of $91.80 using a 23.6% fibonacci 'step up' from the previous move, was achieved today. Now there might be a retracement for another possible entry position. (I made $200 from this today and exited, Hurray. **Smiles**)
GDT, ??? at the moment.
So too SLAB
NFLX, the ADX has turned on this one, with -DI(14) going above +DI(14). This confirms Juans recent observations.
Juan, at the moment DBD is retracing, for perhaps another move downwards. I recall you had a projection this some while back, what would your 'take' be on this one please? Thanks.
Fortitude:
You don't need my opinion to make a judgement. Here is what you do:
Has it retrace more than 62.8% from the previous drop? if so, forget it.
Has it retrace less than 50% and it is giving selll signals from your favorite oscillator? then get is, and place your stop loss contingency orders.
Look at other recent bearish trades we have done before or named before (i.e. BBY, DE for example).
Having said that, thanks for bringing it up, keeping track of all previous candidates is difficult. I'll check the RET for you.
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