VG trade ideas
VG - LONG IdeaJust entering the Ichimoku cloud. Higher highs, higher lows. Nice consolidation and low volatility over last 4 weeks, ideal would be 6 weeks. Also has a short-term moving average crossover which is positive as well as a 1.67% slope to the 20 ema over last few trading days. I have a 0.2% capital risk entry @ 9.56 with a stop loss of $8.82. Will trail with a 10 ema stop if it remains buoyant. Fundamentally it has a Charles Schwab Equity Rating of A as of 02/01/2019. Earnings approaching within 3 weeks presents more risk. I will hold thru earnings d/t small exposure i.e. small share size.
Also recommend $SVMK, and $DS, all with buy signals from yesterday.
VG - Want some more? - Correction Over! Long! Pulled back just like we thought, and has just completed the 3rd leg a Elliot wave A-B-C corrective wave. Also is wave 4 of the bigger wave. We have piercing pattern candle completed too, with a bullish confirming candle.
Elliot says wave 4 cannot retrace into the high of wave one, so if our count is correct, we have a nice tight stop of $.15 to $.20 and we can reevaluate.
People complain about this stock, but IMO it is acting just like it should according to both Elliot wave and XABCD/Harmonic and fib traders.
VG - No Country for Weak Men - Big Boys Want You to SellThis is a new idea but relates to my earlier idea. Patience! I have drawn a a classic harmonic AB=CD pattern. I quote ( paraphrase ) from Carney's book, "....it's hard to make yourself believe the stock will reverse because the sell off has been dramatic and the stock appears weak....but you must sell at D...not believing this initially cost me a lot of money"
So in addition to the pattern, you have Connors RSI approaching 10 level again. At this level you have bullish candle sticks - hammer, engulfing, and yesterday a doji. The director just bought some stock, not much, hey. And they just announced the Google thing. And then there is the Elliot Wave Count, which doesn't break any rules and meets many of the guidlelines for wave formation. Finally, this is an area of support that has held since the summer of 2015.
So everyone says it's going down, but all signs point up. This is the time to buy, and sadly when most people sell and get out. Am I talking myself into staying in this trade? Perhaps, but my strategy is clipping along at 83% success, and one thing I know is - you must EXECUTE if your system says to. can't listen to the hand wringers and stock twits. If you're wrong, you are wrong, can't win em all.
Look, for at least a move to the C point - the 61.8 fib level 7$. We could see $9 - the 1.618 level and a target for a wave III move.
$VG - Vonage HoldingsVonage looks oversold mostly due to automatic share sales from CPO, CEO, President etc and slightly disappointing earnings.
Numerous oversold signals on the RSI over the last few weeks.
As long as price holds above the 200ma next week I will be looking to buy.
VG - If You Can Believe it - BUY! This is one where everything in you screams DON'T BUY. Here's why I did. I'm in @ $6.35 two days ago when My Connors 2 Period RSI strategy ( yellow squares ) met all conditions, AND it had just completed a nice XABCD pattern I normally wait for candle reversal on the daily, but the EW count on the hourly looked good - starting wave 3 up, so I entered.
As you can see, I should have waited. So I'm down about 6%. No worries. When I'm wrong, I'm wrong, I have my stops. Turns out we most likely just completed a corrective wave A-B-C of larger wave II down, and we are starting Wave III ! A hammer is forming now, and the A-B-C leg Has come down into the area of wave 4, an Elliot guideline. of the prior impulse leg. Also, a a strong area of support.
So, I didn't add any to my position, but I think we can see it move to at least $6,80. Sometimes the hardest thing to do is to believe what you see and act on it. That's why we have our rules, patterns, and indicators.
$VG Break above 7.20 on high volume Break above 7.20 on high volume with low volume reaction and retest of the breakout level
monthlysometimes, you need to step back and look at the big picture. 6.30 a major resistance. break that and watch out
Nice cup & handle formation Lools like a pretty nice recovery from their lows...
the big resistence to break is 6.12 with an easy future to 7 the risk is pretty low, if the break is before the formation of the handle, don't worry looks also like a bull flag
