An overview of some of the recent individual stock & sector trade ideas, both long & short, shared on Right Side Of The Chart. For those wanting to skip ahead to a particular trade idea, the following stocks & ETFs are covered in this order: CARA, TEVA, USRM, CLVS, NVDA, LI.V, LIACF, PBYI, PTLA, TINY, FCEL, HIMX, SMH, XSD, SOXX, XLF, GLD & GDX.
While I was away from my desk on Monday, the HIMX (Himax Technologies Inc) short trade hit the sole profit target, T1 at 8.30, for a 31.8% gain from the entry just over 4 weeks earlier. As T1 was the sole price target for HIMX, this trade will now be moved to the Completed Trades category where all trades on RSOTC.com, winners or losers, are archived indefinitely for future reference. The previous & updated charts below provide a quick visual history of the trade. As expected, HIMX did find support around the target level and has made a modest bounce but [...]
Based upon further review of the charts, I have made a slight adjustment to the profit target on the HIMX (Himax Technologies Inc) short trade. Although the actual support level comes in around 8.18, T1 has been changed from 8.20 to 8.30 in order to help increase the odds of a fill when covering this trade as the possibility of a powerful oversold bounce are rapidly increasing. HIMX is trading down sharply today and is down about 30% since the last posted entry less than 3 weeks ago. Although I may still ad one or more additional downside targets to this [...]
HIMX (Himax Technologies Inc.) was posted as a short setup on Monday, went on to trigger a short entry yesterday on a very impulsive move below the pattern (the stock was down over 11% on very high volume) and has bounced today to make a perfect kiss of the broken uptrend line today. This backtest offers another objective short entry on HIMX here around the 12.00 level. Now that we know our entry price, consider a stop above 13.50 (or lower, depending on one's preference). T1 at 8.20 remains the sole profit at this time although an additional target(s) may be [...]
HIMX (Himax Technologies Inc.) will trigger a short entry on a break below this bearish rising wedge pattern. T1 at 8.20 is the sole profit target at this time. Stops should be determined based upon the entry price. Click here to view the live daily chart of HIMX HIMX daily March 24th
Although I continue to be preoccupied with some programming issues on the site, I have noticed at least two recently posted short trades that moved up very sharply in the last day or so. QIHU is trading about 3% above last Tuesday's high of 81.94 with the suggested stop on that trade as being "somewhat above" that level. My "somewhat", based on the downside potential of this trade is right about that 3% level and as such, QIHU will be considered stopped out and completed on any close today (or intraday move after today) above the 85 level. HIMX also had [...]
HIMX looks to offer an objective short entry on the backtest of this recently broken uptrend line. T1 is the first and only target as of now with the exact suggest profit taking level & stops to be followed up with asap. On a administrative note: We will be troubleshooting some software bugs with the site this week, temporarily disabling some of the features such as the Posts by Symbol dropdown box, the Subscribe/Unsubscribe link to email notifications & RSS feeds, etc... Please use the Contact link found under the Resources tab at the top of the page if you have [...]