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Ascending Triangles 1/11

By Johns Wu on Jan 11, 2006

Here are a few stocks that came up on my ascending triangle scan today.

  • VLO - Valero Energy Corp
  • WMI - Waste Management Inc
  • HBC - HSBC Holdings plc
  • DLA - Delta Apparel Inc

VLO is running into some resistance. WMI looks ok. HBC is my favorite. DLA was a perfect setup but it looks too hot to enter right now. It also has liquidity issues. However, it may be a good long candidate on the retrace.

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This entry was posted on Wednesday, January 11th, 2006 at 6:52 pm and is filed under Watchlists. You can skip to the end and leave a response. Pinging is currently not allowed.


9 Responses to “Ascending Triangles 1/11”


By Space4u2go on January 11th, 2006 at 8:38 pm

Just wondering if you received the two scan related email I sent you!!!

By JWU on January 11th, 2006 at 8:51 pm

hey space4u2ugo,
i got your email, but i havent been able to get some of the parameters working yet.. i’ll be sure to email u back once i get things under control though!

By a on January 11th, 2006 at 10:48 pm

Door #2

-a

By Space4u2go on January 12th, 2006 at 7:26 am

Thanks.

By downtowntrader on January 12th, 2006 at 7:44 am

I just put a nice post up on mcx which I remember getting from your site. Check it out if you get a chance.

http://downtowntrader.blogspot.com

By John on January 12th, 2006 at 12:33 pm

Hey JWU,

I was just wondering if you trade individual stocks or if you just stick with ETFs? Or do you trade both?

Thanks,

John

By ronnie on January 12th, 2006 at 5:43 pm

Hi Jwu,

Could you explain the chart on CMF(20) chart on your ascending triangle scans?
Great work on your blog by the way. Keep it up.

What do you think about SYMC and KLAC technically?
Thanks,
Ronnie

By Space4u2go on January 12th, 2006 at 6:09 pm

I believe that there will be a pullback for SYMC which would be a good time to buy, today u can see a doji star formation and most likely stock will drop tomorrow.

KLAC seems to have formed a double top and STO is already overbought.

By JWU on January 15th, 2006 at 12:19 am

john, i trade both ETFs and individual stocks..

ronnie, the CMF is just an oscillator. i actually have no idea what it measures and i never use it. it just happens to be the default oscillator on stockcharts

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