Trade-Ideas: BEAS, MAN, THQI, MSTR, OTTR, TNL, HON
If time was considered a factor in measuring market strength then the 20-minute span it took Trade-Ideas to come up with a list of 8 stocks could be a fairly good measure of how little quality is left out there to buy (ordinarily the software comes up with a list of 8 good stocks in under 5 minutes). Anyhow, here is today's list.
BEAS: Weekly chart is of most interest. Break of $9.50 would be good for a run to $12.50. Large ascending triangle in play
MAN: Back on the lists again. Liked it earlier in the week and still like it now.
THQI: Bullish engulfing pattern if it can hold above $23.58 into the close. Some big volume in early morning trading. Has merits. A move to $25 would mark a double top breakout in the point-n-figure chart with no overhead resistance and a PnF target of $38.50.
MSTR: Potential bullish 'hammer' but the stock isn't oversold enough to suggest a strong reversal singal here. Trading within a tight range $72.50-$79. A weekly close over $80 would be significant and set up a move to psychological $100 resistance.
OTTR: Trading inside a $29.30-$30.90 range. Wait for upside break if thinking of buying. Declining money flow is bearish.
TNL: Formed a small handle off $18 resistance; a break from the handle would bring $23 resistance into range. Run stops around $17.18. Strong money flow gives this merits.
HON: Real action will come on a break of $39. Until then this remains stuck in a $32-39 trading trading range going all the way back to early 2004. $50 is an upside target.
BME: Can brek of $25.82 hold? If so it will confirm a double bottom on improving money flow. Weekly chart will show a base breakout if current price levels hold.
If you would like to try the software yourself, follow this link for a free 7-day trial
BEAS: Weekly chart is of most interest. Break of $9.50 would be good for a run to $12.50. Large ascending triangle in play
MAN: Back on the lists again. Liked it earlier in the week and still like it now.
THQI: Bullish engulfing pattern if it can hold above $23.58 into the close. Some big volume in early morning trading. Has merits. A move to $25 would mark a double top breakout in the point-n-figure chart with no overhead resistance and a PnF target of $38.50.
MSTR: Potential bullish 'hammer' but the stock isn't oversold enough to suggest a strong reversal singal here. Trading within a tight range $72.50-$79. A weekly close over $80 would be significant and set up a move to psychological $100 resistance.
OTTR: Trading inside a $29.30-$30.90 range. Wait for upside break if thinking of buying. Declining money flow is bearish.
TNL: Formed a small handle off $18 resistance; a break from the handle would bring $23 resistance into range. Run stops around $17.18. Strong money flow gives this merits.
HON: Real action will come on a break of $39. Until then this remains stuck in a $32-39 trading trading range going all the way back to early 2004. $50 is an upside target.
BME: Can brek of $25.82 hold? If so it will confirm a double bottom on improving money flow. Weekly chart will show a base breakout if current price levels hold.
If you would like to try the software yourself, follow this link for a free 7-day trial
