$5.94 is the top of the current consolidation(not much of one). Its a real gamble, but I'll take the bet. Lines up reasonably with CANSLIM criteria; though it could be better.
This looks like a healthy pullback for the most part. People take their profits from time to time. It happens.
The S&P whicked bellow support but never closed bellow it.
The real crash doesn't seem to be in for the Dow.
Ebay is forming a cup. It has all the right CAN SLIM traits. So my entry is $0.10 above the line at 61.19. Entry $61.29 Stop loss 7% Take profit 10-15% I think it goes without saying, but do your own due diligence before investing or trading.
Kinross has all the can slim traits. Its also in a confirmed uptrend and has a low pricepoint. Its easier to double a $8 stock than a $29 stock(like Barrick Gold).
The fundamentals look good and the technicals are looking great. Especially in light of the coming 5G cycle that will be a huge catalyst for semiconductor companies. When Apple releases its 5G iPhone, I think we'll be off to the races.
This is not investment or trading advice. Always do your own due diligence. GM is obviously trading upward within a rising channel over the shorter term. I plan to trade the rises and falls, so long as it respects the channel. I do believe it will break to the downside ultimately. The company, over the longer term(10yrs) isn't going to be appearing in my...