Posts Tagged ‘px’
PX is still consolidating in what we call a continuation inverted head & shoulders. For the past few months, this stock has kept us continually guessing on its direction. But now, things are clearer. Since this stock has a bullish pattern, we are calling a buy on breakout of the neckline at 14.22. The 65-day [...]
Ok here’s the gameplan.
Similar to Round 2, PX is on unchartered waters — Making new highs accompanied by wild volume. In round 2, instead on selling on target at 8.8, I held on to my shares until a clear reversal. We can do the same but the problem I see is that in round 3, [...]
On June 25th, I issued a buy recommendation for PX and on the same day, the trade opened at 6.9. After a few days, it steadily climbed, reaching a high of 7.9. At that point, I got into a dilemma of whether to stay on target at 8.4 or just let my profits run. If [...]
First of all I would like to congratulate all the traders who made this trade. You should now be enjoying at least 20% profit.
Click here for the original trade idea.
I posted the trade idea last May 11th. After a few days PX broke out of its trading range and on the 26th our target has [...]
Price has been dancing the Hawaiian hula since April 2008.
Clear resistance and support lines.
Be courteous enough to wait for the dancers to finish.
Breakout at 7.80. Moving average lines are in a bullish setup. Check volume.
Buy at: 7.80
Target Price: 9.80
Cut Loss: 7.60
Potential Gain: 26%
Potential Loss: -3%
Reward-to-Risk Ratio: 10