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xbows
xbows Sep 10, 17 10:55 AM

How do you define lateral resistance? The term to me sounds like a chart that is trending sideways without much up or down price action, but the way you use it sounds more like vertical price action between support and resistance.

Turbobob
Turbobob Sep 10, 17 5:31 PM

Laterakl resistance is a line drawn horizontally across the chart at key resistance points; usually at high points in a chart (ie. like a double top). Also at low points (say where a stock gapped down).

keelos
keelos Sep 11, 17 9:15 AM

why 12.50? KURA

Turbobob
Turbobob Sep 11, 17 9:28 AM

consolidation level

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keelos

@Turbobob $CBI has been forming an interesting chart since its big move a few weeks ago - been consolidating between 17-18 and for the past 5 days it has been making higher lows. I believe its a good swing candidate once it can stay above 18 - thought i would put it on your radar incase its not already

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keelos

@RolandWolf Congrats pal! Huge milestone - out of curiosity I was wondering how much you started with? You've come a long way very quickly! Also great 10 tips on Tim's blog!

RolandWolf
RolandWolf Jun 22, 17 2:00 AM

Thanks! Funded E-trade account w/ 1200. Then another couple of paychecks after a month or so... About 4k in total.

keelos
keelos Jun 22, 17 8:45 AM

damn thats impressive lol - and inspirational

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Received 7 Karmas
keelos
keelos May 19, 17 8:05 AM

hey bob i read that you said $SORL reached a new all time high yesterday? my charting is showing 12.89 from jan 2010

Turbobob
Turbobob May 19, 17 8:57 AM

No covred at $1.00. Looking to reshort on a move towards $3.00

Turbobob
Turbobob May 19, 17 8:58 AM

Yes, it was incorrect. But, the trade is still the same as anything that happened in 2010 is unlikely to affect the stock today. Too much passage in time.

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keelos

@Turbobob AUPH burned me today too. Bought 2k shares on the pullback at 8.05 and it immediately dropped and i got out at 7.85. This stock always seems to burn me..

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keelos

@Turbobob bob i know you have been writing about $UCTT for a while now - any thoughts on its current price? approaching massive breakout level, good earnings etc thanks

Turbobob
Turbobob Apr 27, 17 1:12 PM

I think the stock goes much higher from here as a swing trade.

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Turbobob
Turbobob Apr 13, 17 1:24 PM

It probably starts running into resistance earlier at $9.25 but a move from $7.50 to $9.25 is still pretty good. Yo have let the market tell yo where to exit. And be aware of the various resitance areas. I think that stocks move to half and whole dollar markes.

ash8887
ash8887 Apr 13, 17 2:56 PM

Hey Turbobob, thoughts on AXGN? I love your watch list play on this one, it has trailed off a little after spiking above the 11.45. I got in at 11.65

Turbobob
Turbobob Apr 13, 17 3:16 PM

Needs volume. Longer term trend remains strong.

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AayaKadai
AayaKadai Mar 21, 17 7:07 AM

Check out ADXS bob, lot of sideways consolidation .. releasing data at a conference next week, could breakout past 2.78.

keelos
keelos Mar 21, 17 8:30 AM

is anyone else unable to access the chat room? i'm signed in but says I have no subscription.

IceMan14
IceMan14 Mar 21, 17 8:44 AM

I am now at this level of planning and being correct - your way of working is simple but effective. If you refined your tactics you could be at 70% rather than 64% but still a great record Bob, keep it up!

Turbobob
2
Turbobob Mar 21, 17 8:59 AM

I look at a lot of charts

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Received 11 Karmas
keelos
keelos Mar 20, 17 2:59 PM

You swinging $KEM as it broke through resistance?

Turbobob
Turbobob Mar 20, 17 6:58 PM

I would have a stop loss below $4.50. But chart looks fine.

wellwater1
wellwater1 Mar 20, 17 6:59 PM

I bought FATE at 5.04 today and I'm holding it overnight. It looks to me like it's gonna crack tomorrow. Do you think the same or do you think it still has potential? Thanks.

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