Fib Retrace and other pullback trades

[Boggo]

MCR, seems to tick most of the boxes.

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[Boggo]

WPL, dependent on the POO etc but looks ok
(I am long on WOK6.sfc)

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[Boggo]

PEM, seems to fit a standard 50% retracement.

(click to enlarge)

 

[bowman]

PEM, seems to fit a standard 50% retracement.

(click to enlarge)

Nice timing on PEM

 

[bowman]

PRW may have upport around the 200 day simple moving average.

 

[bowman]

Watching these today for a break up.

 

[bowman]

NAN is making a move - looking to get on if I can.

SSM is a possibility but there's insto's buying and selling so it may be a slow ride (like PPX).

Had a quick trade on ERJ and holding TOE.

BPT - would have like to seen this earlier.

Also watching ASL VMG NMS WHN JPR PRW FSE CXM SAE SUR ELK.

 

[bowman]

NGF USA and CUL

Maybe ERJ again today too.

 

[skc]

SKI...

The gap created by last month's breakout from a 2-month box has been filled.

Retracement is essentially 62%, and has been strong in the past couple of days, bouncing off 50 day SMA.

Fundamentally trading at >10% yield.

Disclosure: I have a few from the breakout.

 

[bowman]

SKI...

The gap created by last month's breakout from a 2-month box has been filled.

Retracement is essentially 62%, and has been strong in the past couple of days, bouncing off 50 day SMA.

Fundamentally trading at >10% yield.

Disclosure: I have a few from the breakout.

SKI forming an ascending triangle pattern now. The Utilties sector is the strongest by far today so SKI could be in a good position to break up.

Just made a quick list of a few other Utilities stocks to keep an eye on - BBP ENV DUE EWC HDF TSI VIR.

 

[skc]

A few retracement trades for those who feel long...

 

[skc]

NOD. This one looks complete, but who knows.

Funnymentally PE is a super low 3.6 and pays a dividend apparently last year at 7.5c. They make demountable buildings for schools / miners etc so make your own judgement about their prospects.

 

[bowman]

NOD. This one looks complete, but who knows.

Sure was complete - nice swing up in NOD since this call

Possible turning point in BLR with the TD Sequential count at bar nine.
First fib support is further down around .07c so that may be support if the TD count fails.

 

[bowman]

GRR is at 62% retrace.

 

[Boggo]

Just an interesting fib retracement chart.

(click to enlarge)

 

[bowman]

RCP back to 62% retrace.

 

[skc]

Bit quiet around here. I think there would be a few of these coming up...

LGL - ABC retracement down to 61.8%. Showing a tiny little bit of sign of life today... I don't really follow gold, but from what I know the gold price hasn't fallen to the same extent as LGL.

Discl. I am long LGL as part of a pairs trade

 

[skc]

GNC

Pulling back to fill the gap at ~$7.5 which coincide with 61.8% of the recent up leg. Also matches the resistance from recent break out at $7.6. So a few things in alignment here.

 

[bowman]

Bit quiet around here. I think there would be a few of these coming up

Been too busy trading those mad but lucrative news driven spikes like SSC, ACS and GDA, but here's one that spiked a couple of weeks ago and is now back to the 62% Fib.

I'll dig through my watchlists over the weekend and no doubt unearth a few more.

 

[bowman]

Maybe some possibilities here.