In this week’s Equity Oracle, we take a look at Astex Pharmaceuticals (ASTX). This is a very affordable stock that is bouncing off of a key support level. I’ve labeled the target price around the $2.80 area. Once the stock gets to that point you would sell your shares and move to cash. We are shooting for a […]
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Equity Oracle: 02/17/2012
If you have been following my reports, you’ll know that one of my favorite strategies is Trading the Gap. Right now we are perfectly set up for a breakout to the upside. The volume was up yesterday, the gap at 12.81 has filled, and now that that gap has filled it displayed a textbook pivot point as the buyers […]
Open House Webinar: 02/20/12
In this week’s webinar, AJ reviews member picks from Exco Resources (XCO) and Salesforce.com (CRM) to Baidu, Inc. (BIDU) and Advanced Micro Devices (AMD). Watch this month’s webinar »
Equity Oracle: 02/08/2012
Trading the triangle is one of the safer strategies to use because you are buying a stock after it has shown signs of strength. This is a contingent buy order that is only executed after the stock has broken out of the triangle pattern. Once you have taken a long position, you would then set a sell stop just […]
Equity Oracle: 02/03/2012
There are many price patterns that we can find on the candle charts but only a handful are as reliable as the Triangle or Wedge pattern. The idea behind this trading strategy is really very simple. We monitor the battle between the buyers and sellers, wait for one of them to cross the line, then put our money on […]
Equity Oracle: 01/27/2012
Our last trade worked out perfectly. You can see from the most current chart of CORN that the price is quickly approaching our price target. I’m not a greedy trader which is why I think now is a good time to take our profits. Why try to squeeze out a few more pennies when we […]