New Swing Longs

December 26, 2006

One new swing long and two stocks I am adding to my current holdings. Analysis is on the “details about longs” forum.

SNDA is breaking out of a very big year long improper cup w/ handle pattern (improper because it is from a downtrend) on strong volume on a day where there was no volume in the market. There has been a lot of green BOP on this last leg up from November and even though it has calmed down appears ready to get green again along with the stock price. Cut your loss w/ a close below the mid December lows, if the stock does not immediately move higher.

GRRF is breaking out of another consolidation area on above average volume. The breakout’s pattern is yet another cup with handle formation and a base on base pattern from the November breakout. BOP is max green and has been max green in all but four days in December, from early/mid November. This is a very beautiful chart. Cut your loss w/ a close below the 12/19 lows or the 50 dma, if the stock does not move up immediately.

CLRT is breaking out of a short consolidation pattern on very strong volume. The pattern is a base on base (first base is the November base) pattern and since the September lows has the stock has been LOADED with green BOP and accumulation. BOP has been max green all December long and all the high volume days are clear accumulation days with the pullbacks coming on low volume. Cut your loss w/ a close below the 1.40 area, if the stock does not produce gains immediately.

Last 5 posts in Free Archives Longs

Posted by Joshua Hayes | Filed Under Free Archives Longs 

Comments

RSS feed | Trackback URI

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

Categories


    Past Big Winners Longs
    Listed By Year


Members Forums

Popular Tags

StraightStocks Authorized Contributor Best Way to Invest ExpertSeeking Alpha Certified FeedTheBull - Top Stock market and Finance SitesTIMlinks
Disclaimer: Big Wave Trading and all services provided herein are for educational purposes only. Nothing contained within this Web site should be interpreted as a recommendation to purchase, sell or hold a security. All visitors and subscribers should always do further research before making a final investment decision. All subscribers must read and agree to the terms and conditions within Big Wave Trading.com. Any questions or comments may be directed to admin (at) bigwavetrading.com.