Cirrus Logic, Inc. looks like it is making a move to break out over the near term resistance line. The volume suggests that the buyers are ramping up momentum and our goal is to buy the stock and hold it until the gap target(s) fill. Please be sure to review the notes I’ve provided for you below and watch […]
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Equity Oracle: 04/18/14
Office Depot closed with a bullish engulfing pattern on an established support level. There is also a gap above the market that is expected to fill. The strategy is simple, buy the stock, set your stop 50 cents below your buy price and trail your stop up as the stock makes a move to higher levels. I like the […]
Equity Oracle: 04/11/14
Today, Potash has formed a Doji candle pattern right at a key role reversal support level. This is going to have to be a contingent buy order because we have not yet seen the pivot point form. Once we have a green candle over support you can buy it and then place your stop just below support (around 31.42).
Equity Oracle: 04/04/14
On March 28th an alert went out to buy XLU at 40.92. The stock has since gone up but it is now showing signs of a possible pullback. I don’t want to turn this winner into a loser so I think it’s best for us to take our profits and run. There was a bearish engulfing pattern that […]
Equity Oracle: 03/28/14
The Chart of XLU is showing a short-term upward trend that is accelerating nicely. Former bullish engulfing patterns have been reliable and the most recent engulfing pattern shows an increase in volume as the stock approaches the March 18th high. Don’t pay too much attention to today’s volume candle because I am sending this alert out during the trading […]
Equity Oracle
With the end of the first quarter quickly approaching, it is a good idea to take a position that will allow us to take advantage of the tax selling we expect to see in April and May learn about the tools to pay to IRS. One of the best ways to capture a profit from […]