Rocketman

Rocketman

weekly pullback: Stock fell to weekly horizontal support and a weekly fib level. I bought it. Target: $120, but fibs say $130. I'll see when we get there.

Rocketman

ACLS pulled back to a weekly horizontal support line and fib level. Bought it. Target is $3.69.

Rocketman

I purchased this stock based on a daily chart . It make a small weekly pullback, but an average daily pullback to a 50% fib level. It went to a horizontal support line and I purchased it with 365 or so shares. This stock is undervalued according to research from S&P Capital; and it has been trading in a range since January 1, 2014. I like the combination with...

Rocketman

Take a look at the Volume Rate of Change and my notes. If it falls it is just a pullback.

Rocketman

I traced IBB from the beginning of it upward sloping trend on a monthly chart. Surely, if it continues to pullback, it will just fall to the purple trend line or the blue one. The blue one is right where there is horizontal support is. On a logarithmic chart, the purple is 15 degrees in slope and the blue is 32 degrees in slope. So, IBB may go range until it go...

Rocketman

SIX REASONS WHY I BOUGHT GILD (GILEAD SCIENCES): Reason#1: Successfully Passed the, weekly, 50% swing low test in Dec 22, 2014, but no new high yet. Reason#2: On the BACKSIDE of the WEEKLY downward sloping trend line after breaking out of it on a daily chart. Reason#3: Smaller Fib on daily chart converges with strong and weekly horizontal support AND backside...

Rocketman

Trading is not always beautiful. In fact my charts are messier than my postings. I am probably the only one who can decipher my scribbles if I left them on the charts. I went long FB on February 12, 2015. FB still looks great with good volume. There is an indecision candle at the end of March 5, 2015, but it one were to go back a few months there is horizontal...

Rocketman

I Bought GILD for seven reasons: (1) Head and Shoulders Pattern (60 min) (2) Horizontal Support from Left Shoulder ($102.72) (3) 61.8% Fib level Support @ $102.75 (4) Descending Trend line Support (5) Long-wicked Hammer found Support at Trend line (6) Weekly Uptrend (7) Selling Climax in February 2015 (8) The risk/reward potential is favorable. My reward is based...

Rocketman

Given the fundamentals of Google are better going forward, this is a monthly/weekly profit target of Google based on the 161.8% Fibonacci projection; that is, a profit target of $803.30. On a daily basis, the technical risk reward level is not warranted for an entry in my book. II am not a momentum trader, so I am waiting for a correction or pull back or some...