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August 21st, 2008, 03:06 PM
#1
Inactive Member
Find and post 1 Retracement Trade. Can be either Bearish or Bullish. The set-up should meet the criteria discussed in today's lesson.
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August 22nd, 2008, 07:31 PM
#2
HB Forum Owner
I used the Eduscan -> Bull Area scan to find the stock ADVS. It's in the technology sector/Computer services group. Looking at the chart it looks like there was some heavy institutional buying on 7/30 and during the past week looks to be in a retracement. Lower highs and lower lows for 3 consecutive days then some sideways action. What do you guys think?
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August 24th, 2008, 11:17 PM
#3
Inactive Member
Bearish retracement for ATW.
Co. has been sideways from about 4/21 to 6/24... then it dropped below the prior support. Also trading below the 20,50 and 200 MA.
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August 26th, 2008, 01:11 AM
#4
Inactive Member
Hi Guys, trying to find my way.
I chose ADBE as a retracement trade, am I on the right track?
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August 26th, 2008, 04:09 AM
#5
HB Forum Owner
Wow ADBE looks pretty good to me.. it looks like the old resistance around $43.50 might turn into some new support. Nice one, I'll have to add that to my watch list.
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August 26th, 2008, 04:23 AM
#6
Inactive Member
Yeah ADBE looks like it's gonna pop in the coming days! Nice one!!!
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August 26th, 2008, 06:55 PM
#7
Inactive Member
Thank you sooooo much!!!!
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August 27th, 2008, 04:21 AM
#8
Inactive Member
My choice was FWLT. I've been trying to follow several stocks on the bearish side. The few trades I've made on the bullish side have turned sour. FWLT is certainly in a short-term downtrend with a few retracements in the pattern. Thoughts anyone?
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August 27th, 2008, 12:49 PM
#9
Inactive Member
jchavez, it does look very good to me, as FWLT is definitely in a short-term downtrend. It seems to me that it is on the way back up.
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August 27th, 2008, 01:09 PM
#10
Inactive Member
My choice is CF. It seems to be in an upward trend. It has been in an upward trend the past few days. It is being traded heavily.
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