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Michel Lahaye's  Instablog

Michel Lahaye
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I'm a passionate lecturer Psychology, trader and cofounder of the Trading Website http://www.chartmill.com We supply Trading tools, Special Indicators, Stock Charts and Screeners for traders. Some examples are VWAP, Effective Volume, Relative Strength Lines, ...
My company:
ChartMill
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ChartMill
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  • COP Could Be Nice Shorting Candidate!
    Conocophillips (NYSE:COP) could be a good shorting candidate for today.
    Take a look at a bigger stock chart of COP here.

    As always control your risk. This is an educational article, no advice to buy or sell the underlying assets.
    Michel

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in COP over the next 72 hours.

    Tags: COP
    Mar 23 9:06 AM | Link | Comment!
  • Interesting Long Candidates For This Week
    Several stocks keep on rolling out of our scanners. Today I selected 3 stocks with interesting volume patterns and (in one case) interesting fundamentals. Let's take a look:

    TickerIndustryEPS this YEPS Next Y
    MTORConsumer Goods, Auto Parts319.72%40.52%
    MDVNBiotechnology-11.93%-88.10%
    ZAGGSpecialty Retail52.80%16.25%

    If we take a peak on the charts we notice that our biotech stocks - who have the lowest fundaments - have made the biggest gains.

    Fascinating how the stock market sometimes doesn't care about core fundamentals. Therefore we always use technical analysis to be our guide in the decision making process.

    From all four stocks, MTOR is showing a very interesting Effective Volume pattern. It launched higher on high volume. It is also showing huge large player buying (red line). Finally, MTOR has the highest fundamental rank in this list.

    MTOR - Arvinmeritor

    MDVN could break out above the 75 price level. It is showing slow but steady large player accumulation and offers a nice place to put in a protective stop (around 69).

    ZAGG has good fundamentals, but due to it's downwarded slope it can just be played on the short term, aiming for a 10% gain, while trailing it with a stop.

    Zagg Inc

    As always, control your risk. This post is no advice to bull or sell underlying assets.

    Check out this analysis on our website!

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MTOR, MDVN over the next 72 hours.

    Tags: MTOR, MDVN, ZAGG
    Mar 22 2:18 PM | Link | Comment!
  • Ace Is Nearing Breakout With High Effective Volume
    This technical setup of ACE is nearing it's breakout point with High Effective Volume. Although it's EPS ratings and projections are not good, it still can be played as a purely technical setup.

    Ace Limited Nearing Breakout

    More scans and stocks can be found on our website - Chartmill.com

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: ACE
    Mar 21 12:19 PM | Link | Comment!
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