Yesterday a MPEL correction was analyzed. Today, further upside targets will be entertained in the event that more upside is in play before a correction begins. As previously stated if price motion is not contained by the recent 7.88 high,…
MPEL Melco Crown Entertainment Monthly Price Target
Melco Crown Entertainment has been a great trading stock since the lows in 2009. In early November 2010 MPEL reached a long term trading target of 7.20 and was in a projected correction until it broke this 7.20 level with…
Trade Signal EK_012611
Buy signal trading EK- January 26, 2011* Trading signal for daily price bars Buy price: $3.71 Sell stop price: $3.44 LEVEL HIT – February 25, 2011 Short term profit level: $4.40 Long term profit level: $5.15 Trading Signal Buy Chart…
JA Solar Trading Duration Period
JASO has made a nice correction from its highs and been a very volatile stock the past month off recent lows. Technically trading along its long term trend line, shown in the chart below, JASO has made calculated moves higher…
DryShips Trading At Price Target
Today DRYS traded to the projected triangle wave A correction price of 4.88. This price was calculated using the 3.92 low and 6.44 high shown in the previous chart as wave 2 in red and internal wave 3 in green.…
Excel Maritime Triangle Breakdown
EXM was trading nicely within a possible wave 4 triangle pattern since the 6.63 top formed on 11/11/10. With the trend since the 7/7/10 low of 4.59 being higher, some may have expected this triangle to break higher and not…
Analyzing An Elliott Wave In JASO
Last week JASO was a part of a new buy signal. Today, JASO has traded 5.5% higher and is illustrating the price motion that traders using Elliott Wave analysis should be aware of and try to locate in the equities…
Trade Signal JASO_011411
Buy signal trading JASO- January 14, 2011* Trading signal for daily price bars Buy price: $7.20 Sell stop price: $6.87 LEVEL HIT – January 26, 2011 Short term profit level: $7.65 LEVEL HIT – January 18, 2011 Long term profit…
Tellabs Internal Wave Structure
Tellabs Inc has been analyzed on both short and long term time frames. Initially in late November 2010, a triangle trade was projected on a weekly chart and more recently a flat correction was seen on a 30 minute chart…
JA Solar Trades To Profit Level
This stock made a short juke downward triggering a sell stop just after a buy signal was issued mid December 2010. Today the short term profit level was met with accuracy relative to the day’s high. Being stopped out can…
UGL and GLL Trading Trends
In early November 2010, these ETF’s were spotted to be making some turning point lows and highs. Particularly, the UGL chart was trading in step with an Elliott Wave sequence. This chart shows the wave count of UGL from the…
Brocade Trading The Trend
Mid December 2010, BRCD was highlighted in a trading concepts post to try to identify the trend that seemed to be beginning off the 4.64 low on 8/24/10. The analysis showed that the internal wave 1 of parent wave 5…
Trade Signal EXM_010511
Buy signal trading EXM- January 5, 2011* Trading signal for daily price bars Buy price: $5.63 Sell stop price: $5.44 LEVEL HIT – January 19, 2011 Short term profit level: $6.31 Long term profit level: $6.85 Trading Signal Buy Chart…
Leap Wireless Meets Expectations
Leap Wireless was a laggard in the projected seasonal move for telcom stocks, however it certainly has made up ground targeting both short and long term price targets this week. The trading with probability post has likely been proven successful,…
Smith & Wesson Broke Trading Range
Last time Smith & Wesson traded to this price level, it resulted in a 15% move higher in the stocks chart. The recent price motion was thought to be in a flat correction shown in this chart, however todays trading…
Stocks On The Move January 3, 2011
After much nervousness in the holiday trading sessions, the beginning of the new year launches stocks higher without regard to past tentative tendencies or indicators. LEAP wireless gained almost 9.5% and has reached the short term price target set. LEAP…
Tellabs Inc Flat Correction
Tellabs has been flagged in the past for a possible 10% gain, price target 7.50. This price level is near the 200 day moving average looking at a daily chart. In late November 2010, the price motion of TLAB was…
DryShips Inc Correction
DryShips has been trading poorly since it traded to 6.44 on 12/13/10. Many following the stock are expecting more upside, however the recent correction is certainly bringing skepticism to a prolonged DRYS uptrend beginning. A look at the daily chart…
Sighting A Random Foolish Event In Leap Wireless
While this may seem like searching for a scapegoat for a stocks price motion, it’s meant to reflect a timeline of events that in all actuality are random, as compared to past events. The probability of this particular event even…
Smith & Wesson Next Trading Move
Early in the month, SWHC made a strong move to 4.20. A target was set for 4.32, but has so far fallen short. Certainly anyone trading SWHC has been frustrated with the sideways movement after such a nice move higher.…
Melco Crown Entertainment Trading In B Wave Range
Melco Crown Entertainment traded to a 50% retracement level today. This was projected in the prior post after MPEL traded to a possible wave A low of 5.55 on 12/14/10. MPEL could continue to trade higher to 6.56, a 62%…
Eastman Kodak Trades To Target
EK triggered the triangle wave B target price of 5.73. In the initial price projections for the B wave triangle (forming from 2.01 to 9.08), this price was to be an internal wave 3 of the 5 waves of wave…
Brocade Communications Systems Inc. Latest Trend
In December of 2009 a trading signal was issued on BRCD which was to take advantage of the short uptrend of the B wave of an ABC correction. The initial profit level was met for a gain of 7%, however…
Excel Maritime Trading Price Target
For this particular price target and the trading range of EXM today, a 150 day daily chart will be looked at. This is roughly the time frame from the 4.59 low on 7/7/10. From this low EXM made a high…
Melco Crown Up 10% From Support
On Tuesday MPEL was back on the watch list for a possible move off the 5.55 low. This was tested support and an wave A target of the current correction from 7.20. Today MPEL never looked back trading over 10%…