The following Long Trade Ideas will be removed from the Active Trades category (as well as the Long-Term Trades category in the case of NIHD, PEIX, & SKUL which were assigned to both categories). The majority of these trades have already hit at least one or more profit target and although they may still have some additional upside potential, I no longer believe that risk to reward is very favorable at this point. For those currently long any of these positions, consider raising or trailing stops commensurate with your trading style. JOUT, NIHD, PEIX, SKUL, TNP, & TLT* *TLT was recently [...]
I'd image that most who took the NIHD long trade have either booked profits or stopped out but just in case anyone is still long the stock or interested in taking a position, here's the updated daily chart along with my thoughts. First off, on the last update back on May 15th, I highly suggested booking full profits or at the very least, raising stops to protect gains, as the trade was up 21% in less than 2 weeks. With that being said, the stock is currently backtesting the downtrend line and although I'm personally not interested in re-entering the trade, [...]
NIHD was posted as a long entry on May 8th and I had stated that the price targets & suggested stop levels would follow. With the technology issues that I've been experiencing lately, I didn't get a chance to follow up but I do think that right now is a good time to book some or even all profits on this trade, depending on your preferred time frame and trading style. NIHD was added as a long-term trade idea and will remain as one for now but the stock has gained 21% since the entry just over a week ago and [...]
On March 20th, when the previous short-term trade on NIHD hit the first profit target based off the 60 minute time frame, it was stated that the stock had the potential to be a long-term swing trade as the weekly chart was setting up very bullishly. The trigger for that trade was to be a break of the weekly downtrend line, shown on this first chart posted that day (right). However, I missed the breakout and the stock recently peaked at over 92% from where it was trading in that post around 7 weeks ago. As the move was too fast [...]
Exactly three weeks ago today, while NIHD was an active long trade based off the 60 minute time frame (i.e.- a short term trade), I posted this first weekly chart in one of the updates stating: Regardless of whether or not the stock does pullback soon, I think this trade has the potential to be a much longer swing trade/investment assuming that the broad market holds up. Updated 60 minute chart (in which the current trade is based off of) as well as the updated and slightly revised weekly chart below, which shows the longer-term bullish potential for this trade. Unfortunately, as [...]
NIHD has pulled back sharply after hitting T1 for a 12% gain, where I had suggested booking partial or full profits. The trade has also exceeded the previous suggested stop of 4.35 and as such, will be removed from the Active Trades category. This one may still be setting up as a long-term trade/investment idea so I will keep it on my radar for now.
NIHD hit the first target today (5.15) for a quick 12% gain and as posted earlier, a pullback soon is likely so consider taking some profits if you have not done so yet. If prices happen to move above T1 tomorrow, there is a thin zone between that level and T2 so we could see a quick run up to the T2 level before any meaningful pullback. Regardless of whether or not the stock does pullback soon, I think this trade has the potential to be a much longer swing trade/investment assuming that the broad market holds up. Updated 60 minute [...]