Simple idea. Price has returned to the area where buyers gapped it up and ran with it last time. Look for signs of buyers coming in. That's it. No indicators or complications. Keep this in your sights.
Counter-trend trade buying SRS with a cheap stop ($29.29) for a rising rates environment. Not overthinking it. This is early and aggressive. Better to wait for trendline to get zoomed to upside, then buy a retracement/ re-test.
I am long Verifone already as a speculative left-for-dead stock with a cheap stop, below the current structure -- around $15. If price takes out the late-push sellers at $20.33 and holds, then expect price to rise quickly into the vacuum of that early-June wide-range bar up to $27.
Coffee has doubled its range down to the origin/ ignition of the Jun-Nov rally. Price is primed for a long move to the median line. What makes this compelling is a cheap stop can be had below structure (under $17.88). Buy the breakout of past 3 bars or wait for retest.
Looking for long at twice the upper up-sloping range projected down to gap. Better with gap fill. Stop goes below 10/21 lows target 1 is overhead gap fill rising bold middle line. Measured move trading. No moving averages or indicators.
If this level fails its either a swift ride down or a quick wash out. Long opportunity with stop below this range. Range measures same as previous pullback (purple line).
Buying here with a close above the median line (trend line) and range line (horiz line)with tight stop below 3-day range (which is also back into the lower range). Target is range-up (the dotted trendline above) based upon a measure of the lower range. A trader may want to use the 10-day ema as a trailing stop (but I do not use moving averages for this...
A simple plan, in the spirit of Stan Weinstein's published strategy from the 1980's. Breakout long > $21 level. Own above 30ema. No target. Instead stop-out when close <30am AND support level is breached. Hold thru earnings. Winning % rates on this strategy are low, while those few winners will reward exponentially. Look at weekly $BAH . $JACK , $BKW, $HPQ ,...
Re-publish- snapshot was not right. if Fed afternoon allows this breakout to work, its long with 2ATR init safety stop. I will close this position if it goes against me well before that if I can, so losers are very small, and winners can run with trailing stop. Earnings are later half of Feb - beware.
If today's Fed afternoon lets this breakout continue, then this is an actionable 20-day range breakout long. Safety stop is 2ATR below, but that is a fail safe. I close these breakouts if they go against me, so losers are very small and winners run with trailing stop. Earnings are in second half of Feb.
