Clicky

CERE Final Target Hit for a 52% Gain

CERE (Ceres Inc) has now hit the final target of 0.47, trading as high as 0.49 shorting following the open today. That gives CERE a profit of 51.6% since the entry price of 0.31 less than 8 trading sessions ago, a great example of how risk & reward go hand-in-hand (i.e.- you are rewarded with above average percentage gains for the above average percentage loss that you risk if stopped out) as well as how even by reducing your position size on such aggressive trades (in order to mitigate potential losses) can still lead to above average net (dollar) gains when [...]

2015-03-04T09:58:42+00:00Mar 4, 2015 9:58am|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Final Target Hit for a 52% Gain

CERE Price Target Correction- T1 Hit

Please note that I had previously incorrectly referred to T1 at the horizontal resistance level at 0.50 (with the suggested sell limit at 0.47). T1 for the CERE trade was originally listed as the primary downtrend line, which was shown on the original daily chart (from stockcharts.com). In the subsequent updates, I was using daily & intraday charts from my TC2000 charting platform which did not show the downtrend line. As a reaction is likely on this initial tag of the downtrend line, where CERE is still trading (0.44), the first target has now been hit for a 42% [...]

2015-03-03T16:02:16+00:00Mar 3, 2015 3:55pm|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Price Target Correction- T1 Hit

CERE Ripping On Volume, Resistance Cleared

CERE 15 minute March 3rd CERE has now taken out the 0.40 resistance level with big volume now coming into the stock while up 26% on the day so far. T1 (0.47) likely to be hit soon which I have decided to keep as the official final target. For those that want to shoot for the potential (unofficial) target of 0.71 (actual resistance at 0.75), consider raising stops to protect profits at this point. Exactly where to raise stops would depend on your average cost and personal trading style but a stop slightly below the bottom of the pennant [...]

2017-03-08T21:20:37+00:00Mar 3, 2015 3:08pm|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Ripping On Volume, Resistance Cleared

CERE Bullish Pennant Breakout

CERE popped above the bullish pennant on above average volume today. Should this breakout follow-thru to the upside on volume & especially if CERE can take out 0.40, the stock is likely to run to at least the 0.50 area in relatively short order. T1 is set at 0.47, 3 cents below the actual resistance level and remains the sole profit target for now, although a second target at 0.71 may be added soon. The reason that I want to see the stock follow through on above average volume is to show that buyers outnumber sellers at this point. Should the [...]

2015-03-03T13:25:55+00:00Mar 3, 2015 1:25pm|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Bullish Pennant Breakout

CERE Bullish Pennant Formation

CERE daily March 2nd In the last update on the CERE (Ceres Inc) Active Long Trade, a potential bull flag formation was highlighted on the 5-minute time frame. Bull flags are consolidation patterns that typically break out in the same direction leading up to the formation of the flag pattern. The consolidation in CERE has now continued for just over a week and as such, the symmetry for a bull flag pattern on that very short intraday time frame is no longer consistent with a bull flag pattern. However, zooming back out to the daily time frame it would [...]

2017-03-08T21:20:37+00:00Mar 2, 2015 2:02pm|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Bullish Pennant Formation

CERE Bull Flagging At Support

CERE 5 minute Feb 20th CERE (Ceres Inc.) is currently bull flagging just around the previously mentioned 0.38 support/resistance level. The top purple line on this 5-minute chart is an exact duplicate of the one below (flagpole). Coincidentally or not (IMO), the price projection of the pattern measures exactly to my 0.50 price target (actual resistance level, I set my limit order slightly below to help assure a fill). Whether or not the pattern or even this trade continues to play out is far from a certainty. However, bull flags (again, assuming this proves to be one) are continuation [...]

2017-03-08T21:20:37+00:00Feb 20, 2015 1:59pm|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Bull Flagging At Support

CERE Approaching Resistance, Price Target Revised

CERE daily Feb 20th CERE (Ceres Inc.) has been moving higher both price & above average volume since the breakout/entry which occurred about an hour before the close yesterday. CERE is now approaching minor resistance at 0.38 where a reaction is possible. However, my final target remains .50 with a suggested sell limit order placed slight below. Note: I have decided to make a slight adjustment to the sole profit target on this trade. T1 will now be 0.47 instead of 0.46. Of course, with CERE now up over 19% since the entry just a few trading-session hours ago, [...]

2017-03-08T21:20:37+00:00Feb 20, 2015 10:57am|Categories: Completed Trades - Long|Tags: |Comments Off on CERE Approaching Resistance, Price Target Revised