Since Oct. chap eps up about 10%…
Add that to CHAP last high 52.5 + (10%) = 57.50 / $58.00 = 80/20 in my favor a short sell here will make money…
Jan low $42 up 24% = 52.00 ==target met…Feb 7…
Mar low 46 up 24% = 57.0 == target nearly met…
Therefore short sell somewhere between 57 /58…
Also Chap corrects back down to the 50 day, within a relatively short time frame…The 50 day is around $50….
At $57/$58,…Chap would have to correct 7 to $8 to get back to 50 day…
This seems to conform to past downside corrections, as far as dollars…$5 thru $7 down…
Also, CHAP has these strange little 5 day tops, before correcting…
So, gives more time to really nail down the exact high… "+ 5 days of help"
ALSO $STQ approaching 504….(read STQ blog…) that’s my first entry price on STQ short sell…
7 comments:
Z,
Do you think CELL is bouncing off the bottom or is it going lower?
Advice
Cell Has some pretty awful EPS numbers….It’s hey day is definitely behind them…200 day at this site, tells you exactly where to short sell….right now, 13.xx..
I don’t buy cell anymore since, I’m at a loss ….where to evaluate, myself…But I will short sell it…@ 13.xx…
here's the site...
http://stockcharts.com/charts/gallery.html?CELL
If I had to buy cell, $8/ $9/ $10..looks good...
Advise…
BRCD…NOT ENOUGH EARNINGS, …...
Company has to make at least $1.50/ share per year....for me . TO DO TECHNICAL ANALYSIS ON…it..
Holy schist nice call on PCAR, Zee!
Looks like $78 would have been the perfect time to short, but I may still short it on Monday... Schist, I gotta spend more time here and less at Beanie's house of zealous speculators...
http://stockcharts.com/h-sc/ui?s=pcar&p=D&b=5&g=0&id=p23666425836
Check down a couple, as I left a post about XLE, etc... (#4 comment on that post)
Any comment on SNDK here? Looks like a very lonely gap up here, that will likely lose steam... but when?
I'm thinking 46 bux.
http://stockcharts.com/h-sc/ui?s=SNDK&p=D&b=5&g=0&id=p87961035425&a=87653055&listNum=1
BTW-- regarding "Anne of Green Gables"... I just noticed that my wife is currently reading it to the children... She started reading it to our six year old daughter, but now both older boys (11 and 9) have begun to sit in on the sessions. It is a pretty amusing book, for a girl's book written a hundred years ago.
I remember the one movie version with the guy from "The Silver Fox" as Matthew... is that the one your friend directed?
SNDK...
Always tough for me...
35.8 + (38%) (fibronacci)...= 49.4
200 day = 47.2
take your pick...one's right
49.4 = 90/10 in my favor..But I doubt it gets this high...30/70..
47.2= 80/20 in my favor = 32%
44.8 = ???
Sndk already busted through it's other past percentages....so I must make up a new percentage...
also 41 + 6 = 47...Sndk usually corrects $6..
SNDK At $47, puts SNDK in perfect position to test 50 day at $41...
My conclusion is ,,,,SNDK @ $47 I have to try short sell...80/20 odds in my favor.....
i'm using this chart
http://stockcharts.com/charts/gallery.html?SNDK
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