Friday, July 15, 2005

JDSU triple-cup base


This JDSU triple-cup base technical analysis is dedicated to my college bro Norris aka Hogan. If you've been following my previous triple-cup analysis chart studies then you'll know there is one more easy buy-point in the near future for this stock that looks like it has put in a bottom. If you get the sweet buy point, then you could make a lot of money by letting it ride until the 10 or 20 day moving averages stop you out.

5 Comments:

At 10:40 AM, Blogger HulkHogan said...

What do you mean when you talk about a consolidation to a key moving average? I realize the price is going to come back down a bit to a point where you want to buy in, but I don't understand the "moving average" part of it. Trying to google it now.

-Matt

 
At 10:53 AM, Blogger jontait said...

I'm talking about a pullback to the 10, 20, or 50-day MA line. You can look at a stock chart and see what moving averages it bounces off to help time your buys and sells. On most of the charts I post up here, the 10 or 20 day line is blue, and the 50 day is red. It will tell you in the top-left corner what color each MA line is on any chart from stockcharts.com

 
At 11:30 AM, Blogger HulkHogan said...

So for example with JDSU, I would be watching for a pullback to somewhere around 1.55 (based on the current moving averages)?

 
At 11:34 AM, Blogger jontait said...

I don't think it will pull back that far. The moving average will sweep up under it over the next few days.

 
At 11:49 AM, Blogger HulkHogan said...

Yeah, it backed off 1.75 to 1.70 for the last two days. I'm thinking about buying into it here if it stays at 1.70 for a bit longer today. I had my first losses as a trader, lol. Going to type them up in my blog here in a little bit.

 

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