"With less volume trading before a holiday, there are sharper pops to be had." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Editor's Note: When it comes to generating income in the markets, you'd be hard-pressed to find anyone better than Oxford Club's Chief Income Strategist Marc Lichtenfeld. Marc has worked as a trader, senior analyst and fund manager, outperforming the S&P 500 and the S&P Healthcare index by a wide margin. And in just a few hours, Marc will reveal a 5-minute trade strategy he's used to unlock an incredible 88% win rate since starting in May. It's called the "Five Minutes to Financial Freedom." Click here to RSVP now. - Ryan Fitzwater, Publisher We're heading into the holiday week, and while most traders are packing it in – this is one of my favorite weeks to trade. With less trading volume, there's often exaggerated moves on some lighter volume names. The truth is… All a stock needs for a sharp move is a bucket of water rather than a tidal wave. So this week I'll be looking for a nice trade setup or 2 and go from there. One chart on my radar for a potential AFTERSHCOCK surge is Akamai Technologies (AKAM) AKAM's chart has everything I'm looking for in a post-earnings AFTERSHOCK candidate. It's a recent earnings winner. Plus, its chart is also holding up great. As you can see above, AKAM spiked to around $90 on the earnings win in early November and then pulled back to $86 before surging closer to the $90 mark again. This is a sign of strong chart support that I look for, and I believe AKAM could be ready for another aftershock move up. I'll be looking to make a trade in Profit Surge Trader this week. |
0 Response to "This Chart is Lighting my Hair on Fire "
Post a Comment