Swing Trade Ideas

flea

Active member
160 22
Comments good or bad are welcome
 

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Naz

Experienced member
1,391 22
Hi Flea,
First of all i love the back drop on the chart.
Next i think the ma only come into play if your looking at a very longer term trade.Otherwise forget them.

Tthe top trend line is a bad fit and the only real support is the bottom one.The fibs look good as shown,bouncing off the 62% and 50 % retracement.

Finaly yes its worth looking at and i shall definately have it on my watch list for next week For a short if it takes out that bottom trend line.Many thanks for pointing it out.
 

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flea

Active member
160 22
I agree about the top trend line but I think I was making the point that it was about a break of the bottom support line.

Not sure about the need for the fibs unless you are looking to short a rally up to these levels rather than a break down.

The reason I inclue MA's is the crossover can be significant and the trade could be for the longer term it's up to you.
 

Naz

Experienced member
1,391 22
I always like to look and see where important levels are.Look what happens if you overlay two more fibs from different time frames and you can see how important that $42 area is.
 

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Naz

Experienced member
1,391 22
Here's one that i've been looking at.
 

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Mr. Charts

Legendary member
7,367 1,184
I wouldn't be too sure this was heavily shorted on Friday. It picked up nicely later in the session. Also if you check out both the Nasdaq index and sector Philly you will find similar patterns. ALTR is therefore moving in step. If you want to treat it as a tier 2 stock for following the leaders, fine.
In the same sector, XLNX might move on today's news.
 

flea

Active member
160 22
I'm never sure of anything and yes I have noticed similar patterns amongst the Nasdaq stocks. These are ideas only. I'm not suggesting anyone trades them and I think you'll see from the title of the post that it is just an example of how I would use Fib levels.

Lets see a few of your ideas, Mr Charts
 

Mr. Charts

Legendary member
7,367 1,184
Just adding to the debate, flea. No criticism intended whatsoever, so please don't take offence! ;-)
I trade intra-day only, sometimes only for a few minutes so anything I could say would be of little use to this board.
However, I am watching these for intra-day swings, reversals, breakouts etc today:
INVN IBM XLNX (which I did mention) MEDI BMY FRX
 

flea

Active member
160 22
Mr Charts appreciate your contribution and apologise for being a little heavy handed in my previous post :eek:
 

Mr. Charts

Legendary member
7,367 1,184
No problem flea.
Amongst my many failings I don't always express what I think as carefully as I should. I tend to appear too definite and dogmatic sometimes.
It's very easy in this medium to both give and take the wrong impression ;-)
Have a good day.
 

Mr. Charts

Legendary member
7,367 1,184
VXGN took a big hit on Friday because of an article in Nature.
FDA approval today

= possible volatility to trade ;-)
 

flea

Active member
160 22
ALTR

If anyone did take that ALTR setup I'd sell half close to 12.80( I just have) reset the stop to break even on the balance then you've a near free ride in the rest
 
 
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