pcseiden

pcseiden

I sometimes think analyists are on the smoke too often, however that makes picking off a panic sell easier. In the screenshot I waited to see how serious the sell off was going to be and put in a light Buy Call Option trade on 9/24 with a sell target in the $270's depending on market condition. September has traditionally been an odder month than most so I...

pcseiden

The plan for CLW, I think the upside for a quick day/week is realistic. CLW needs a few things to happen. RSI needs to continue to trend up, the entry price needs to be in the $35.50 - $36.50 range and while its doing this, the MACD needs to continue heading towards zero. I expect these conditions to be met sooner than later, early next week? I will swing trade...

pcseiden

The plan for OXY looks really good it’s just not quite ready but I think the upside for a quick day/week is real. OXY needs a few things to happen. RSI needs to come down a bit (red arrow) then reverse, the price needs to hang in the $55-57 range, the MACD needs to turn bright red and or bright green indicating selling pressure is turning around, and oil prices...

pcseiden

This is a update to my previous NKE post (I know I can update that post but I wanted to add a more current photo. I have added MACD to my to try and get a better feel for buying and selling pressure, and also using Channel lines, which have been quite helpful. In this example, NKE was trading between $71-$76 until a spike above $76 into the low $80's with no news....

pcseiden Updated 

My Trading Strategy is very basic, a classic K.I.S.S. Philosophy. Using StochRSI, a 5 year chart for historical data and a YTD chart for current data. I look for oversold discounted companies. Nike had a ton of negative press, blah earnings and the stock price got clipped after they reported. To me, this fits my strategy to a tee, and patience and paying...