Comments on: PEIX First Price Target Hit for a 24% Gain https://rightsideofthechart.com/peix-first-price-target-hit-for-a-24-gain/ Stock Trading, Investing & Market Analysis Tue, 10 May 2016 13:18:29 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/peix-first-price-target-hit-for-a-24-gain/#comment-992 Fri, 04 Mar 2016 16:52:38 +0000 http://rightsideofthechart.com/?p=170170#comment-992 @davenchop A good majority of the trade ideas reverse at or within pennies of the price targets, not all but a certainly a lot of them, especially if the charts indicate a pullback is likely as the stock approaches that level. Also keep in mind that the price target I set for longs is slightly below the actual resistance area where I’d expect the reversal to happen. I do that to avoid missing a fill by a penny or so, should the stock reverse just shy of resistance since too many orders are stacked up there (and the MM’s don’t like to give the masses what they want). On PEIX for example, that horizontal line in which T1 is set is at 4.96 vs. my T1 of 4.92. So far, PEIX stopped cold at 4.94 & immediately reversed.
In the trading room earlier, you also mentioned CLF hitting T1 (2.99). The horizontal line (actual resistance) on my chart is at 3.04. CLF hit ran straight up to hit a high (so far) of 3.00 before pulling back. When swing trading, if the intraday charts confirm a decent pullback is likely, I’l often reverse the position from long to short, capturing the initial pullback & then recycle back in long.

]]> By: sportofkings https://rightsideofthechart.com/peix-first-price-target-hit-for-a-24-gain/#comment-990 Fri, 04 Mar 2016 16:24:10 +0000 http://rightsideofthechart.com/?p=170170#comment-990 In reply to davenchop.

Randy is Good

]]> By: davenchop https://rightsideofthechart.com/peix-first-price-target-hit-for-a-24-gain/#comment-989 Fri, 04 Mar 2016 16:12:54 +0000 http://rightsideofthechart.com/?p=170170#comment-989 In reply to sportofkings.

peix hits randys T1 and abruptly turns south…. wow

]]> By: sportofkings https://rightsideofthechart.com/peix-first-price-target-hit-for-a-24-gain/#comment-988 Fri, 04 Mar 2016 15:45:20 +0000 http://rightsideofthechart.com/?p=170170#comment-988 Thanks Randy!

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