Cheese
1,374 posts
msg #108931
- Ignore Cheese |
11/20/2012 5:06:42 PM
Stockcharts has this app that gives "Price Obj." for stocks and ETFs using P&F charts.
Examples as of Nov 20, 2012:
http://stockcharts.com/webcgi/Pnf.asp?S=F&Y=A&B=1&N=C
gives a bullish Price Obj of $15 for F (Ford Motor Company)
http://stockcharts.com/webcgi/Pnf.asp?S=F&N=C
gives a bearish Price Obj of $5 for F (Ford Motor Company)
Has anyone used this app before? What do the parameters mean?
Thank you.
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Eman93
4,750 posts
msg #108940
- Ignore Eman93
modified |
11/21/2012 3:05:35 AM
Point and figure charts are price only... think supply and demand. it shows you pretty quickly where the major price support and resistance levels are.
The Ford chart you can see by looking left you have price support in the 9.00 to 9.50 area resistance in the 12.00 box.
X means its going up O mean going down.. you need to have 3 boxes filled to change the symbol/direction.. the number and letters are the months.
The price objective is just a mathematical formula... would NOT base my trades around it.
Its probably the easiest way to enter and control risk... for example the Ford chart low risk place to buy is 8.51.
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Cheese
1,374 posts
msg #108947
- Ignore Cheese |
11/21/2012 8:43:30 AM
E, thank you very much.
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Eman93
4,750 posts
msg #109898
- Ignore Eman93
modified |
1/7/2013 12:15:28 AM
TLT broke below the 50 week ma with dolla moving up will look to start a swing trade in TBF.
TLT looks like it is going to bounce.. gap fill at 121 or the 20 day/50 week 122 area could make a good spot to try and short it...
Major support is 108.
==================================
Could try a quick trade to try and catch the bounce but has more risk.
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Eman93
4,750 posts
msg #110586
- Ignore Eman93
modified |
1/26/2013 2:43:25 PM
this is prob the best list of tradable candidates., look at all the charts even the ones that already bo could be pulling back to support (my preference)
http://stocktiger.net/current/current.php
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gmg733
788 posts
msg #110613
- Ignore gmg733 |
1/28/2013 10:37:56 AM
Watch JOY and LF
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Eman93
4,750 posts
msg #110627
- Ignore Eman93 |
1/28/2013 7:40:11 PM
Thanks
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gmg733
788 posts
msg #110630
- Ignore gmg733 |
1/28/2013 8:35:53 PM
PHH laid down a nice hammer today. Might be worth a pop. Sell volume is a bit heavy.
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gmg733
788 posts
msg #110691
- Ignore gmg733 |
1/29/2013 3:36:02 PM
PHH making a higher low, higher high and higher close Let's see if this dog will hunt. :)
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gmg733
788 posts
msg #111180
- Ignore gmg733 |
2/7/2013 8:29:39 PM
Out of PHH with a profit. Went way longer than I would have liked.
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