PUBM:
Growth stock. Bounce candidate.
Why?
1. We retraced 78% of the move that started in October. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line.
2. Demark Sequential is on a 9 daily. (More details below on Demark indicators)
3. RSI is low and at a level where we have seen substantial bounces in the past.
Depending on how markets open, I will look for a long entry around the current level. Swing trade.
My initial target will be 30-32, then I'll reassess. The success of the trade will depend on how Nasdaq behaves so I'll be careful and monitor the indexes closely.
I also like the fundamentals of this company for long term so I might consider a long term investment as well.
Note:
DeMark Indicators are designed to anticipate turning points in the market.
A Buy Setup occurs when there are 9 consecutive closes less than the close four days earlier.
Trade safe!
Growth stock. Bounce candidate.
Why?
1. We retraced 78% of the move that started in October. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line.
2. Demark Sequential is on a 9 daily. (More details below on Demark indicators)
3. RSI is low and at a level where we have seen substantial bounces in the past.
Depending on how markets open, I will look for a long entry around the current level. Swing trade.
My initial target will be 30-32, then I'll reassess. The success of the trade will depend on how Nasdaq behaves so I'll be careful and monitor the indexes closely.
I also like the fundamentals of this company for long term so I might consider a long term investment as well.
Note:
DeMark Indicators are designed to anticipate turning points in the market.
A Buy Setup occurs when there are 9 consecutive closes less than the close four days earlier.
Trade safe!
評論:
full position. Long term play.
If you're in, all you have to do now is let it run with a stop below 26.32.
If you're in, all you have to do now is let it run with a stop below 26.32.
評論:
We got a nice bounce after my signal. But the bounce was short lived.
Got stopped out, my stop was a bit too close.
I'm looking to re long.
Got stopped out, my stop was a bit too close.
I'm looking to re long.
partial position