Comments
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CMI'd short this before I long this. Either way, I guess if one uses the logic of it'll ultimately retest the highs, then yeah, I suppose so. But technically, I don't see it. I've put fib time and price and don't see any correlations. I've looked for symmetry. Nothing. What I did see was a failure to break a 5 point resistance that lines up with the 78 Fib retracement. Considering (I believe) you said it would be good to own the stock, Timeframe hold basis to take profit is kinda out the window. It's confusing I guess cause this is in trade ideas, not investing ideas. Ya know?
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CMNot sure that Danielle's short experience trading the markets, transitioning from being an elementary school teacher just four years ago, gives me a lot of confidence in the recommendation. Just a quick check with Morningstar, their fair value on the stock is $207 versus current price of $270. Trading at high mulitiples to earnings, cash flow and sales. Buyer beware.
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TEWhy the thumbs down guys? This looks a good setup - unfortunately i missed gap up today but keeping an eye. Lovely retracement on a good-looking chart.
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ZHLooks like the stock has gained about $15 since the segment was taped on June 28 and published just today. Perhaps these types of trading ideas would be even more useful if they were turned around faster for air?
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clTiming. The difference in time between the date of filming and posting of the completed project is all the time in the world. Until this issue is rectified the idea behind the trade ideas section cannot be fully realized. I look forward to the day that we have a manageable gap between the filming and posting. Still a fabulous resource for learning though. Thanks for all your hard work. Cheers!