Strategies & Market Trends : Underexposed Technical Analysis

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To: Underexposed who wrote (176)10/5/2017 2:02:51 PM
From: Underexposed  Read Replies (1) of 347
BGCP resumes its climb gaining $0.64/share (4.15%) by 11:30mst Oct5/2017

Well this stock has become an Energizer Bunny. It took a rest as I wanted yesterday and left a doji behind. This indicates some indecision in the minds of Buy/Seller. It can be a portend of a reversal in the offing. If the doji had a long positive tail that would be negative to me. It would mean the bull run stalled and the bears clawed it back. Similarly if there were a long tail down, that would be positive for me... the bears tried to drag it down but it could not keep it there.

But in this case the doji was pretty symmetrical. It did not really tip its had either way.

Here is today's chart as of 11:00mst

So it allowed the price to touch the upper Bollie and then take off again. It will be the 5th time closing over the upper Bollie.

Now, I have never seen over 6 days with the closing price was over the upper Bollie,....never!!

The indicators may happen again tomorrow... but there is no weakness in any of them....hmmmmm.

As a result I am raising the limit stop-loss to take advantage of this.

Oct 5 @ 11:45am MST: raising the Limit Stop Loss - 780 shares of BGCP at trigger of $15.25 to limit of $15.15

The pullback could happen tomorrow or Monday at the latest

$15.25 will give us a return of over 25%..... not bad

I have been looking for a reason for this great run and this is all I can find

forward look at upcoming Q3 report

Apparently they are forecasting a 10 - 15% increase for Q3

this is fun to follow :)
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