We will feature two stocks that we are looking to buy in one of our paper accounts.
WAB: Wabtec. In a downtrend channel. However, it recently entered a congestion area with major support around 39.00. The entry is based on a Williams %R oscillator. Place an initial stop at 35.40 and do not pay more than 41.00.
WAB Stock Market Chart for 7-12-2010.
POT: Potash. This stock is also in a major downtrend channel and it also hit a support level around 84.00. The entry is based on a Williams %R oscillator. Place an initial stop at 77.28 and do not pay more than 93.00.
POT Stock Market Chart for 7-12-2010.
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I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
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