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Long Trade Ideas Updated

The following long trades will be removed from the Active Trades category into the Completed Trades where they will be archived for future reference. Many of these trades already hit one or more profit target while others fell short of the first target before exceeding their suggested stop level or any reasonable stop, if none suggested. ANR: Hit the second target back on Nov 18th and moved slightly higher before reversing and falling back below both T2 & T1, thereby exceeding any reasonable stop. NRP: Hit the first target back on Oct 29th and then moved well below the entry price, [...]

2014-03-20T14:14:32+00:00Mar 20, 2014 2:11pm|Categories: Completed Trades - Long|Tags: , , , , , , , , |Comments Off on Long Trade Ideas Updated

TOPS Long Trade Update

Not much to report on the TOPS (Top Ships, Inc) long trade other than the pattern still looks constructive as of now.  TOPS hit the first target to the exact penny for a 60% gain back on July 26th before reversing and has been consolidating (i.e.- working off the overbought conditions) since.  The next buy signal will be on any move above 2.95.  For those still long, consider a stop below 1.37.  Updated weekly chart:

2017-03-08T21:21:13+00:00Nov 11, 2013 11:30am|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on TOPS Long Trade Update

TOPS First Target Hit for a 60% Gain

TOPS hit the first target to the exact cent yesterday for a 60% gain from entry (a move above 1.75).  T2 at 5.95 remains the final target for now and the next buy signal will come on a break above the T1 (resistance) level, preferably after a consolidation to work off the near-term overbought conditions. Daily & weekly charts below. Remember, trade ideas on RSOTC typically list multiple profit targets for two reasons:  1) To accommodate various trading styles, as some traders prefer trades with shorter holding periods and booking relatively quick, shallow profits (active traders) while less active swing [...]

2013-07-26T13:53:27+00:00Jul 26, 2013 1:53pm|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on TOPS First Target Hit for a 60% Gain

TOPS Long Setup

TOPS is a shipping stock that is challenging dual resistance levels: both a 6 year downtrend line as well as the 60 month exponential moving average, which has contained all advances over the last 6 years as well. This is a high-risk trade for aggressive traders only.  Due to the extremely high potential volatility in the shipping sector and the fact that TOPS is a thinly traded, low price stock, one should consider adjusting their position size to a fraction of their typical position size (maybe 1/4 or so).  Entry criteria, suggested stop and price targets are listed on this weekly [...]

2017-03-08T21:21:36+00:00May 20, 2013 12:09pm|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on TOPS Long Setup