Swing Trade Ideas

flea

Active member
Comments good or bad are welcome
 

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Naz

Experienced member
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
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
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
Here's one that i've been looking at.
 

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Mr. Charts

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

Mr. Charts

Legendary member
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
VXGN took a big hit on Friday because of an article in Nature.
FDA approval today

= possible volatility to trade ;-)
 

flea

Active member
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
 

flea

Active member
Mr. Charts said:
Well played, sir!

Thanks Mr Charts. Obviously I don'tr get them all right but the key I think is risk reward. The stop at the 50 MA gave a fairly low risk to reward trade :) .

I notice that you like to play news stocks which is something I've been looking at. May I ask who you use for a news provider.

I looked at VXGN intraday and it certainly moved but the spread looked a little frightening. I'm always concerned about the potential for blown stops with stocks like this.

Regards
flea
 

bgold

Established member
HCA

Some reflections on HCA triangle.
I would agree that chart looks appealing and price might breakout to downside but watch out prices have approached last 1/3 of triangle and break-outs from last third of triangle can be unreliable (see Trade for a Living, Elder). Positive is that Analyst recommendations are very positive (24-2-0). It might take a little longer both in terms of time and price before HCA breaks down. Thanks, I have put it on my watch list!
 

FTSE Beater

Experienced member
AVP

Hi Flea and all

I've been looking at this chart over the last week. I original found it on a scan as a cup and handle breakout, and I've been waiting all week for it to come back.

AVP19-12-02.GIF


My main concern is that it might have retraced too far today, but I'm never sure about how far pullbacks can go and still be valid.

Any thoughts would be great on this :)
 
 
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