Buy Candidate - IART

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I have been finding a lot of setups that like this lately. I will look to buy on a break above the trendline (around 21.87) take profits just below the 20 ma (around 23.50). See an example of a similar trade at the bottom of this page.

 

Buy Candidate - ADSK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here is another similar setup and buy candidate. I will enter if the stock moves above the trendline (around 13.00) and take profits at the 20 ma (currently at 13.60). See example of a similar trade at bottom.

Stop loss below Fri. low 12.45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IART met its target. It is a perfect example of why to take profits at the 20ma because it pulled back immediately after.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADSK exceeded its target breaking through the 20ma

 

 

 

*Example

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here is an example of a recent setup that worked well. I think patterns like these are known as a "tower bottom". Charts like this seem to be popping up lately and offering an opportunity to capture a quick profit. This is not a recomendation to buy here, just an example of buying on a break of a trendline and taking profits at the 20 ma.