Jamxliu

Jamxliu

Looking back, the 65min timeframe appears to help in timing the entry and exit of $AAPL in its recent rally. 1. It looks like the stock should at least be in a short term uptrend before adopting this strategy since $AAPL is still in a long term downtrend looking at how the price is below its 10week and 30week MA. Clearly, $AAPL isn’t on Stage 2 yet but timing...

Jamxliu

$CRK appears to be gaining momentum along with several others in the Oil and Gas Production. The bottom chart on the weekly timeframe indicates that a continuation uptrend occurred after the price rose above 10/30 week MA. This uptrend augers well with Stan Weinstein’s Stage 2. The top chart on the daily timeframe, on the other hand, shows a strengthening price...

Jamxliu

Looks like a good setup for continuation breakout. 1. Strong bullish candles on both daily and weekly timeframes. 2. Price rises above 8/21EMA on daily timeframe. 3. Price above 30wk MA and rising above 10wk MA on weekly timeframe- continuation breakout. 4. Accumulation on weekly volume. 5. Supertrend-Buy signal on both time frames.

Jamxliu

Here’s the daily timeframe follow-up on H&R Block analysis. 1. The stock is still on an uptrend as price has regain the losses seen in the last week of Apr and beginning week of May due to the overall bearish market weakness. 2. Price have gone above 8/21 EMA indicating the strength of its momentum. Prices may pullback due to profit taking but given the...

Jamxliu

H&R Block seems to be gaining momentum looking at the weekly timeframe. A daily timeframe chart follows… 1. Although price crossed the 10/30wk MA several weeks ago, it is still rising despite the difficult overall downtrend market which signifies its strength. 2. Looking at the Supertrend indicator, the regaining of the Buy-signal from the Sell-signal shows that...

Jamxliu

* I call Stan Weinstein’s 30MA my most definitive MA line because this is the level where breakouts take place as Stage 1 transients to Stage 2. * As long as price point remains above the 30MA, the counter will stay in an uptrend and according to Stan Weinstein, we should continue to hold position provided it is is an uptrend. However, if the price point dips...