4 replies to this topic

[VolPivots]

TA is a very powerful tool....from my blog 5/10
"One I've been watching is GROW....long-term trendline is holding support, but I think it'll ultimately break and fill the gap down near $16. This stock trades very technically, and it's been fairly easy calling it...we'll see if that continues.....Whenever I attempt to explain the technical case for further downside (ideally into early June)....."

And this a.m.
"Also, keep an eye on GROW....exposed to China, but testing a convergence of channel supports as well as the 200DMA. Explosive stock when it moves upwards......."

Target was wrong, but time is the most important factor. Basis for the time target was the formations tool on the chart below. The triple confluence of 2 parallels and 200DMA along with the China negativity (company had one of the top performing China funds last year) and a HUGE short interest....buy the news they say

[PorkLoin]

Very nice, Marketneutral. And it's cool when several things line up like that. Doug

[VolPivots]

With all the discussion about volume on the FF board, thought I'd put up a real-world example. Admittedly I have other technical reasons (using my primary tools) supporting the case for a nice rally here, but the volume picture might work just as well....that's IFF we rally

Disclosure: my kids "spec" education IRA is long from 22.82. Their core 529 holdings are in MUCH safer investments

Chart with equivolume candles

[VolPivots]

Just a follow-up post....accumulation looks favorable, but still no volume expansion. Last 2 times I posted, GROW sold-off, so I guess I'm expecting it again tomorrow

[VolPivots]

Market interest continues to wane, at least that's what the volume is suggesting. One fairly recent fundamental change re: GROW is that options started trading on this stock, which seems to have destroyed the volatility. I don't like the action (i.e. periodic spikes with little follow-through and couldn't even stir anything up with the announcement it was being added to the Russell 2K growth index...in the old days it was much different), so exited positions on Friday at 25.13 for each of my kid's accounts. Will continue to track and trade as conditions seem to warrant....will post anything that seems interesting.