PXD - Stage 1 base forming for the last seven months. Relative performance flattening and close to the zero line.
OGC.TO - this gold miner made a Stage 2A breakout four weeks ago, and is now consolidating/pulling back. And so with general stocks strengthening, there's potential for a pullback towards the 50 day MA if it breaks down from the current consolidation.
There was an article on oceana gold last week here: http://www.zealllc.com/2016/ogcefdmt.htm that talks about it's strong fundamentals and low operating costs. Which although not necessary in Weinstein's method, as it's 100% technical, it's nevertheless good to have.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(2016-03-01, 10:28 PM)isatrader Wrote: There was an article on oceana gold last week here: http://www.zealllc.com/2016/ogcefdmt.htm that talks about it's strong fundamentals and low operating costs. Which although not necessary in Weinstein's method, as it's 100% technical, it's nevertheless good to have.
Not ever got into fundamentals. However, Mark Minervi's seems to combine a mixture of fundamentals and technicals. I suppose that if you pick a technically good company that is also good from a fundamental perspective it hopefully gives the fundamentalists (!) a good reason to jump on board and keep the price going.
(This post was last modified: 2016-03-02, 11:13 PM by wpeters.)
RE: US Stocks - Watchlist and Discussion
(2016-03-02, 12:30 AM)pcabc Wrote: Not ever got into fundamentals. However, Mark Minervi's seems to combine a mixture of fundamentals and technicals. I suppose that if you pick a technically good company that is also good from a fundamental perspective it hopefully gives the fundamentalists (!) a good reason to jump on board and keep the price going.
Agreed, however if the funnymentals look bad then disregard, which is a major plank of the Weinstein system. Very unintuitive in the beginning
WOR - Stage 2A breakout attempt with strong relative performance above a rising zero line, but volume is weak, so you'd want to see that start to improve in the coming weeks.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(2016-03-02, 09:35 PM)isatrader Wrote: A few for the long watchlist today at various Stages. I'll let you work out the Stages for a change, as is good practice
APIC, SA, SEDG, PLPM, DRD, AVD
It can be quite tricky for sure. I haven't yet got to the point in the book where he delineates stages using letters so that explains why I was having difficulty with some of them. The first and last were the toughest. In the first I noticed that the 2nd major retracement below $6 didn't quite hit the previous low and the 30 week MA was still slightly pointing down so in a choice between a 4 or 1 I took 1.
