mahkoh
1,065 posts
msg #130417
- Ignore mahkoh
modified |
8/14/2016 4:36:14 AM
Thanks, Bartune. Makes sense.
BTW, why are you shorting CMCM at this price? I don't see resistance until 13.70 - 13.90 ?
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BarTune1
441 posts
msg #130429
- Ignore BarTune1 |
8/15/2016 11:06:19 AM
mahkoh,
Yes I'm short CMCM. It showed up on one of my Connors Short filters also had a ConnorsRSI reading of 95 or so on Friday. Down slightly on it currently.
I try to balance long and short positions overall but have been a little too short lately and its costing me this month.
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johnpaulca
12,036 posts
msg #130431
- Ignore johnpaulca |
8/15/2016 12:59:54 PM
CMCM....target price measured is $13.87
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Kevin_in_GA
4,599 posts
msg #130435
- Ignore Kevin_in_GA |
8/15/2016 4:45:14 PM
JP - any input on how you are determining the target price here? You were spot on with the high for EXAS before so I am curious ... if you are okay sharing at least some guidance on this.
Kevin
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BarTune1
441 posts
msg #130439
- Ignore BarTune1 |
8/15/2016 5:30:06 PM
JP was extremely accurate with his call on CEMP also.
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johnpaulca
12,036 posts
msg #130446
- Ignore johnpaulca
modified |
8/16/2016 12:16:39 PM
Kevin_in_GA
3,648 posts
msg #130435
- Ignore Kevin_in_GA 8/15/2016 4:45:14 PM
JP - any input on how you are determining the target price here? You were spot on with the high for EXAS before so I am curious ... if you are okay sharing at least some guidance on this.
Kevin
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I use a few ways to measure target, this is the probably most common used by traders:
(High of base-Low of base) + (High of base)
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mahkoh
1,065 posts
msg #130447
- Ignore mahkoh
modified |
8/16/2016 3:55:50 PM
DXPE looks like a possible short.
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johnpaulca
12,036 posts
msg #130448
- Ignore johnpaulca |
8/16/2016 4:12:53 PM
mahkoh
583 posts
msg #130447
- Ignore mahkoh
modified 8/16/2016 3:55:50 PM
DXPE looks like a possible short.
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reason??
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mahkoh
1,065 posts
msg #130449
- Ignore mahkoh |
8/16/2016 4:38:16 PM
It's running into resistance of a congestion area from Oct-Nov 2015,
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johnpaulca
12,036 posts
msg #130450
- Ignore johnpaulca |
8/16/2016 4:47:52 PM
DXPE($29.77)...price target should be close to $33 before any major resis, intraday is being supported by BB40(30min chart). Probability of higher prices are more likely even though we're grossly oversold, it can also crumble if we have broad market sell off.
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