Wyckoff trading method, page-1874

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Beany72

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12/05/17

09:35

Post #: 24644637
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Originally posted by soccer5 ↑

Hi Beany,

A couple of comments and I'm not sure if they're within the Wyckoff parameters.

DNA - first thing I noticed is the Sector - Leisure, which has been a problematic sector with not a very consistent track record. That's just my summation.

The chart appear to have broken the downtrend and could be on the way up but, if you do enter into a trade right now, be prepared to withstand a good pull-back, thus needing a wider Stop Loss.

Fundamentally though, it does look reasonably good.

Of the two charts, DNA is the only one I would consider but I would not enter it right now and instead wait for another pull-back.

SSM - crikey Beany, this stock has been in a Distribution mode, for my way of seeing, and may not be over yet.

If I am correct, the price will have to come down and quite a lot before the institutions start accumulating.

Beany - I cannot give you advice my friend, but please don't venture into this stock just yet.

If I'm wrong, don't curse me - the missus does enough of that already

soccer

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I'm performing breakout scans and going through the findings in an attempt to only play rising stocks. However I haven't been able to finding anything that I was able to relate to Wycky. Someone here mentioned OFX but the big gap down scares me same with ISD. Speaking of ISD, spread a little bigger than I would of liked on last bar but didn't get overwhelmed with volume.
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Wyckoff trading method, page-1874

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