Planning on buying back the shares I sold in WRES yesterday.
Very nice consolidation pattern developing on light volume.
Buy at $4.40-$4.50; stop at $4.38, target $5+. I'm not
great at buying breakouts, so I'm trying to get better at buying
support levels on flags.
kalinm - nice chart and I agree with that potential count at
this stage. One thing to note is that wave 'e' can truncate
without hitting lower levels and thus be aware if you get a strong
signal back up.
Yes, trying to pick the exact bottom of that e-wave would be
tricky. LNG is a similar set up -- the e wave is in progress
(would love to pick up a bunch of this back near $5.50, but not
sure I will be so lucky. If we make another move up to 1227,
I will clear out all longs as danger seems to be mounting.
WRES buyback level
Posted by kalinm on 3rd of Dec 2010 at 12:01 pm
Planning on buying back the shares I sold in WRES yesterday. Very nice consolidation pattern developing on light volume. Buy at $4.40-$4.50; stop at $4.38, target $5+. I'm not great at buying breakouts, so I'm trying to get better at buying support levels on flags.
kalinm - nice chart and
Posted by steve on 3rd of Dec 2010 at 12:16 pm
kalinm - nice chart and I agree with that potential count at this stage. One thing to note is that wave 'e' can truncate without hitting lower levels and thus be aware if you get a strong signal back up.
Yes, trying to pick the
Posted by kalinm on 3rd of Dec 2010 at 12:48 pm
Yes, trying to pick the exact bottom of that e-wave would be tricky. LNG is a similar set up -- the e wave is in progress (would love to pick up a bunch of this back near $5.50, but not sure I will be so lucky. If we make another move up to 1227, I will clear out all longs as danger seems to be mounting.
Yes, I think I was
Posted by Peridot on 3rd of Dec 2010 at 01:04 pm
Yes, I think I was premature on LNG.
LNG Wedge
Posted by ditch on 3rd of Dec 2010 at 01:09 pm
Watch for the breakout.