Trader Mike's Notes
Another pullback that I like but also another stock reporting earnings the first week of August -sigh-
I was in this in late June, looking for it to bounce back to the June highs. I got bored with it a couple of weeks ago and decided to exercise a stop-out based on time. It's now started a Bollinger Band Squeeze, which could presage a big move -- one way or the other.
Some interesting action here. I found this on the Non-ADX 1,2,3,4 Bullish scan. I like the attempt to hold the 50-day moving average and that it's oversold according to stochastic. But as with so many stocks right now, the wildcard of earnings is right around the corner.
A recent IPO near new highs always gets my attention. Plus it's got one of my favorite signal combos today: a Non-ADX 1,2,3,4 Bullish with a Calm After Storm. It's also forming a base that's cup-with-handle-ish. Earnings are due soon though...
Popular Now
Recent Comments
- TraderMike on IZM
- SuccessfulGerbil321 on IZM
- TraderMike on IZM
- TraderMike on Today's Outage
- Crunching_The_Market on Today's Outage
From the Blog
Featured Articles