Briefly revisiting the telcom seasonal trade statistics and the seasonal upswing in most of these stocks from mid November 2010 to December 31 2010, shows hits and misses. Performance was overall positive during this time frame. For some like JDSU…
Telcom Seasonal Trade Update
Since the price low on November 22, 2010, when the seasonal move was initially called, regardless of instances of lower prices to follow, to the high price so far in todays trading. All but one stock has made profitable moves…
Trading Telecommunication Stocks Seasonal Move
Marked on the calendar in late November is, “take a look at telecommunication stocks”. Visiting any group of stocks during a “seasonal” swing is worth investigating. Lately LEAP has been on the watch list, add to that any of its…
Trading MetroPCS For The Next Breakout
Lets revisit the trading pattern that we anticipated in MetroPCS a few weeks ago. We first analyzed the trading action to be forming a triangle and projected trading to reach a final retracement of 6.27 before moving higher. We can…
MetroPCS Communications Making An Orderly Correction
PCS has been on our trading radar, and so far the calculations have been looking great. The usual bad news has been insignificant to our projection and as usual, just prior to latest move higher, there were reports speculating the…
Trade Signal PCS_020110
Buy trading signal triggered on PCS on February 01, 2010**. PCS- Buy signal triggered on PCS on February 01, 2010* Trading signal for 60 minute price bars Buy price: $5.66 Sell stop price: $5.50 Short term profit level: $6.63 LEVEL…
MetroPCS Communications trading towards 52 week low
Last week MetroPCS seemed to be trading sideways in a B wave triangle, it’s obviously not trading sideways any longer. When will the turn come? We targeted the 5.96 level as support. Today’s trading supported that level so far and…
MetroPCS Falling Again But Is It Trading Like A Looser?
Where Is MetroPCS Trading? MetroPCS along with many other telecoms has made great moves the past two months. PCS in particular has been in a corrective wave as of late and it’s worth taking a look at to find out…