US Stock Swing Analysis

[rajpatel_uk]

Hello, I think DHY is looking like a nice Short candidate, with good risk control (tight Stop loss in place),

Historically, the indicator used here has provided good signls for this stock.

Trade Small, Trade Smart.

Feel Free to recommend any stock for analysis.

Your comments are appreciated.

 

[rajpatel_uk]

Looking at the GE.....

Another short candidate....

 

[rajpatel_uk]

Looking at the BYD.....

Long candidate.... Stop loss at 7.00 - this could be nicely picked at the bottom, Only if the bottom holds well. then there should be nice little up movement from here.

 

[Dentalfloss]

raj.i took a quick look at ge..imho,it is in a difficult zone.the upward trend lines might mean that the stock has started a new uptrend,in which case,it could be in a supp zone,to which it has pulled back to
chart is 9 cents box size by 1 reversal.close/daily data plot
just an opinion
chart goes back to 14 dec 2009

 

[rajpatel_uk]

Thanks Dentist for your views.

I have attached Elliott wave prospective on the stock, It appears that it is indicating the stock has just completed wave 4 on 2/7/10 and started its Wave 5 movement from there.


The current pullback from 29/07/10 indicates the stock is about to finish Wave(2) of Wave 5 and go up towards Wave(3) of 5.
I am contradicting myself from the short signal generated by indicator.
What ever way we trade, we need to make profit and limit our risks.