BarTune1 441 posts msg #130439 - Ignore BarTune1 |
8/15/2016 5:30:06 PM
JP was extremely accurate with his call on CEMP also.
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johnpaulca 12,036 posts msg #130446 - Ignore johnpaulca modified |
8/16/2016 12:16:39 PM
Kevin_in_GA
3,648 posts
msg #130435
- Ignore Kevin_in_GA 8/15/2016 4:45:14 PM
JP - any input on how you are determining the target price here? You were spot on with the high for EXAS before so I am curious ... if you are okay sharing at least some guidance on this.
Kevin
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I use a few ways to measure target, this is the probably most common used by traders:
(High of base-Low of base) + (High of base)
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mahkoh 1,065 posts msg #130447 - Ignore mahkoh modified |
8/16/2016 3:55:50 PM
DXPE looks like a possible short.
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johnpaulca 12,036 posts msg #130448 - Ignore johnpaulca |
8/16/2016 4:12:53 PM
mahkoh
583 posts
msg #130447
- Ignore mahkoh
modified 8/16/2016 3:55:50 PM
DXPE looks like a possible short.
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reason??
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mahkoh 1,065 posts msg #130449 - Ignore mahkoh |
8/16/2016 4:38:16 PM
It's running into resistance of a congestion area from Oct-Nov 2015,
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johnpaulca 12,036 posts msg #130450 - Ignore johnpaulca |
8/16/2016 4:47:52 PM
DXPE($29.77)...price target should be close to $33 before any major resis, intraday is being supported by BB40(30min chart). Probability of higher prices are more likely even though we're grossly oversold, it can also crumble if we have broad market sell off.
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BarTune1 441 posts msg #130451 - Ignore BarTune1 |
8/16/2016 4:51:37 PM
Bought to cover CMCM @ $12.739 near the close. Sold short effectively at $13.30. Gain of 4.4%.
Still getting beat up on REN.
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johnpaulca 12,036 posts msg #130452 - Ignore johnpaulca |
8/16/2016 5:01:16 PM
REN...riding a tailwind with a weekly close above BB125, $14.54ish would be a good place to cover...imho
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BarTune1 441 posts msg #130453 - Ignore BarTune1 |
8/16/2016 5:15:00 PM
I'd be very happy with that JP. I've made over 800 round trip trades this year and REN is shaping up to be the worst at current levels!
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mahkoh 1,065 posts msg #130454 - Ignore mahkoh |
8/16/2016 5:35:43 PM
I was curious whether you were still holding REN but was afraid to ask.. Hope it'll work out OK.
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