Charlie Anderson's  Instablog

Charlie Anderson
Send Message
I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • Stock Picks, 4-14 0 comments
    Apr 14, 2010 6:42 PM | about stocks: POT, ONP, TRLG, CEAI

          Today I lost a little bit of money, however I'm not worried. ONP went down and knocked off most of yesterday's gains, but it fell back to support that it broke through [it was before yesterday resistance] yesterday. This confirms the new support level and is not something to worry about. I keep my stop order placed so I don't lose too much, and I sleep easy. I'm putting my stop right below the support level at 9. The current uptrend looks completely healthy.

         POT gapped down today. It fell a little over two percent. However it showed positive net volume on the hourly chart and went up in afternoon trading to recover early losses forming a hammer candlestick formation. It appears that it has formed a new bottom and should go up tomorrow. Also, the gap down could represent an exhaustion gap. We will look for the breakaway gap tomorrow to confirm that the price has put in a bottom.

         TRLG was up over 7% today. However it did not break multi-month resistance at 31.18. If it breaks that resistance, I will probably enter a position, however I'll wait for that. CEU came to the conclusion of it's 2-week symmetrical triangle formation today, but did not break in either direction, I'll watch that too and may enter a position if it shows signs of the start of a new uptrend.



    Disclosure: Long ONP & POT

    Stocks: POT, ONP, TRLG, CEAI
Back To Charlie Anderson's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • FSLR is approaching the bottom end of its range between 100 and 150.
    May 26, 2011
  • GES broke out of the symmetrical triangle formation today on 1st quarter results.
    May 26, 2011
  • GES is near the upper limit of a large symmetrical triangle formation, and will hopefully break out to the upside.
    May 17, 2011
More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.