Canuck SmallCap Trader Blog: The other eye SQI.V

Tuesday, November 2, 2010

The other eye SQI.V

is on SQI.V... The chart is showing some nice narrowing, which in another word would be squeezing.

Candles are smaller, movement is to the right... volume is light... price placement is near the 200 day average where the symmetrical triangle if viewed as a continuation pattern, at this point, is definitely part of an up trend... would suggest we be ready for a breakout. Then considering the gold and silver pricing... Level II has no movement from the sides in either direction more so than the other... the perfect buy with the lowest risk at this point is .60 to .63 cents which may show itself this week at least one more time...

I will be making an update to the public List StockCharts Public Chart List

GLTA Lostoutwest

Kenuck SmallCap Trader

Stockhouse

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2 comments:

SailortonyNovember 2, 2010 at 12:41 PM
Keeping both eyes on your blog. Learning...
As I said, I purchased more sqi and li.
My low bid on evg is at .78 which is possibly low (I hope!). Might raise this bid if it backfills.
Did you see that Grandich out of his bed or wheelchair is getting ready to predict a general market downturn?
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DaveNovember 4, 2010 at 4:57 PM
I did, but he also said gold and silver commodities was not a worry if I remember correctly.

GL
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A Swing Chart Trading System Gorilla Style

Current Penny & Small Cap Watchs and Plays

Follow the picks on the Current Trade Page and track along... Charting this penny stock along with other potential uptrends...

Cematrix Cematrix Corp.

Watch the charts at the end of these links and make favorites for future looks to see and feel a time line of success or failure. Get a feel for playing Small Caps...Charting an uptrending stock. The Cematrix link above goes to the Cematrix Stock Charting Page.

The following links do as well... going to their own respective stock link starting page... so if you recognize something... check it out......

Nemaska Lithium
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Chosen are three different sector stocks that have had their turn at being extremely overbought in relation to their actual fundamental value. They demonstrate that there is an underlying current that is not obvious and does not always move to the tune of the news releases. Their price moves on sentiment (fear and greed) and is deeply related to broad market trending in that particular sector.

ADX Trader "WORK" Study ( Make your own chart)

ADX Trader "FOCUS" Study (MDL.V) Special charting potential "Mickey Fulp Pick"

ADX Trader "FOCUS" Study (URC.V) Special charting potential "Crash" (Bounce)

ADX Trader "FOCUS" Study (TKO.TO) 2011 #1 Pick "Market Correction Bounce"

"ADX TRADER GALLERY" for updates and charts being followed

All of these stocks have had heavy promotion. Some actually have strong speculative considerations.

Trading Tips

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Breakouts break the following rules... If a stock breaks out, bollinger tags or touches are ..NOT.. tops or bottoms. However:

If a stock is ranging..., Bollinger touches are..., in most cases, a top or bottom that is consistent. Bottom touch (bullish)

Top touch (bearish)

If a stock is down trending... a sell the top strategy (shorting)... Upper bollinger touch is adopted.

If a stock is uptrending... a buy the dip strategy...Lower bollinger Touch is adopted.

If a stock is ranging..., Price breaking through a top or a bottom bollinger line..., is a top or bottom signal to trade (most times) in or out. We look for up side trend breakouts to hold.

If volume is up...breakouts can be runaway in either direction.

There's the conundrum... look to supporting volume and supporting indicators to make the sell or buy decision.

We like to position for long holds off of lower bollinger dip picking entries, if possible.

We buy pullbacks (bottom pick) or catch dips in rising trends and continuations. Continuations emerge out of studies that are at first glance looking like tops.... Only rising trends produce new highs mistaken for tops. Dip picking starts there.

Keep in mind Small Caps tend to be either over-bought or over-sold. Volatility plays a part. Look for some kind of solid quality in the chosen stock. They chart and respond to technical analysis better. Quality protects from fraudulent issues. No guarantees though.

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