All indicators are positive

GMI6/6
GMI-26/8
T210860%

18th day of QQQ short term up-trend. A lot of stocks are bouncing up from support.   Seven that came up in my scan   that are worth researching are:   COO,WHR,UTHR,ADS, UNP, SLH, FMX.

6 thoughts on “All indicators are positive”

  1. Hi Dr. Wish,

    Say you buy a stock using [oversold stochastic plus bounce above the 30 day moving average].

    Where do you put your stop ON THE DAY OF ENTRY and THE NEXT FEW DAYS AFTER ENTRY?

    Is your stop at the low of the entry bar? Or do you stop out if it closes below the 30 day moving average?

  2. What if a stock looks great on technicals AND fundamentals AND is 2x 52 week low BUT has just gone sideways in the last 6 months. Do you reject it?

    In other words, you use the “double in 12 months” criteria, do you have one for 6 months?

  3. I would place an alert at a price where the stock gets close to breaking out to a new high. Stocks that have already doubled and are going sideways are a great place to look for emerging rockets as long as they are near a green line top.

  4. I think you should add a “Donate” button to your site. This site is 100 times more valuable than 99% of the for-pay DVDs, videos, Internet sites, forums and chat rooms offering “the secrets of investing and trading”.

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