Fib Retrace and other pullback trades

[skc]

And a few more...

I like PTM... based on what it's peer PPT has done off the recent low.

 

[skc]

With the market moving up quite a few of the recent picks are finally turning around, but some sank lower before turning around.

LNG came up today as a fib retracement completed, recent gap fill, tight stop opportunity.

 

[Kryzz]

Time to bump this thread, especially in current market conditions, many opportunities popping up.

Already holding AUT.

AWE, an order is pending.

 

[Kryzz]

How about another crack at bumping this thread! The potential breakout thread and related threads seem to garner some interest, not so much pullbacks though.

NWL is one of my long term holds, got in close to the IPO date. Has been taking a breather the past six weeks, in a strong industry. Is up +8% this week.

 

[barney]

Just noticed your "bump" Kryzz ….

Retracement trades are pretty much all I'm interested in the bulk of the time (On Specs that is) so I'm definitely interested in the thread … (Forex can be a totally different kettle of bananas!)

@tech/a has the momentum trading down pat when buying highs that extend ….. I cant seem to get that style of trading correct enough so prefer buying when a stock with obvious potential has temporarily been "forgotten" by the market …..

For me it represents less risk … but the downside is you generally need to allocate more time for a trade to develop ….. The upside is, (assuming your analysis is good/correct), you can scale into a trade more easily …. Horses for courses I guess

 

[Kryzz]

Just noticed your "bump" Kryzz ….

Retracement trades are pretty much all I'm interested in the bulk of the time (On Specs that is) so I'm definitely interested in the thread … (Forex can be a totally different kettle of bananas!)

If you have any specs you're keeping an eye on Barney from a retracement perspective, would be great if you could post a few of the names you're keeping an eye on!

 

[Kryzz]

Another one for the list here, BAP. Tagged the 50day on Thursday after taking out a prior pivot low, would need the most recent low to hold.

I have also included SBM which had a similar setup too, where the 50day was tagged after taking out a pivot low and shot higher.

 

[Kryzz]

ANN another one for the watchlist for a potential pullback setup to the 50day and support zone.

 

[Wysiwyg]

Another one for the list here, BAP. Tagged the 50day on Thursday after taking out a prior pivot low, would need the most recent low to hold.

Be interesting to see if this is tradeable and goes on from the 6.97 top. 6.93 was turned away recently too.

 

[Wysiwyg]

ANN another one for the watchlist for a potential pullback setup to the 50day and support zone.

Lower trend line is 27.05 - .10 so trade wise it could be an entry. Break that with momentum and not so i.m.o.

 

[Kryzz]

Lower trend line is 27.05 - .10 so trade wise it could be an entry. Break that with momentum and not so i.m.o.

Bounced off the 50day on Wednesday but a weak close today.

ALX another code that came up in a scan today (have just got onto Pro Realtime, lots to learn!)

Price tightening up above support

 

[Kryzz]

SAR came up when browsing today. Heavy volume on Wednesday and also undercutting the lows set in June. Seems to fit the definition of a pocket pivot. I've only across William O'Neil and Mark Minervini in the past few weeks and must admit have been glued to YouTube videos since.

Would love to hear @Tech/as thoughts on with regard to a VSA opinion!

 

[bngood]

FMG here's a great FIB chart. Low on 21.1.2016 High on 22.2.2017 and now has retested the 50% fib line twice. Still under a downward trend line. Interesting to watch.

 

[bngood]

PAB retraced to the 50% Fib line and tested it. Also the VCB is right on the 50% fib line. Interesting.

 

[tech/a]

Another one for the list here, BAP. Tagged the 50day on Thursday after taking out a prior pivot low, would need the most recent low to hold.

I have also included SBM which had a similar setup too, where the 50day was tagged after taking out a pivot low and shot higher.

View attachment 88213

View attachment 88214

Why and how would you have placed a buy on the green arrowed bar
And not the other similar bars before it?
The only bar that shows a confirmation is the current bar
The only condition I see as possible to set a trade with least
Risk and confirmation is a break of the high.

 

[Kryzz]

ANN another one for the watchlist for a potential pullback setup to the 50day and support zone.

View attachment 88270

ANN took off today after bouncing out of the support zone nicely.

APX been down for four weeks in a row now with declining volume, have to see how this weekly bar closes.