As you can see from the weekly candle chart of Google, Inc. (GOOG), the price action has formed a classic, textbook, triangle pattern. As we have learned from our experience with trading triangles, once a stock breaks out above resistance, or below support, the price will generally continue in that direction for a while before […]
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Equity Oracle: 04/30/15
Silver follows the technical signals very well and as you can see from the chart above the stock moved lower to fill a gap that was left on Monday. The good thing for us is that the stock gapped down today, which means the stock will most likely be drawn back up to fill the […]
Equity Oracle: 04/23/15
Last Thursday I put out an alert in Geron Corp. that was contingent on us seeing the green candle before buying the stock. On Friday, the 17th, a red candle showed up, then for two days in a row we had red candles until Monday which is when the first green candle showed up after […]
Equity Oracle: 04/16/15
We have had a lot of success in the past trading Geron Corp. and even more success trading the Triangles. As you can see from the daily candle chart of GERN, this setup looks just like the trade we had last week in Sprint, which has already given us an unrealized profit of 3.4%.
Equity Oracle: 04/09/15
As you can see from the 12-month daily candle chart, we are at the breakout point for the triangle pattern. If the stock breaks out over the $5 mark, the margin requirement will change, giving those who are already in the stock more buying power which creates more demand for the shares at these levels.