Missed The Runaway Stock Train? Here’s Some Diamonds In The Rough

So you missed the run up to S&P 500 (^GSPC) 1000 - you can’t get into most positions without a substantial dip, and you most certainly cannot chase the “Runaway Train” style tickers. Now what?

This is where a lot of traders have a tough time diagnosing the markets. Over the past couple of months, I’ve learned that adding TINY tester positions (5% or lower of total capital in your account that you allocate to a position) end up being beneficial in two ways:

1. If the trade goes your way, you are free to add more with the base in the position that you’ve already built up.
2. If the trade doesn’t go your way, you can begin to feel more comfortable about how certain tickers move so you can make a more accurate decision next time.

With that being said, I’ve uploaded twelve charts that I feel have the potential to become these tester positions in some of your portfolios. They’re lookers for me, and I think they should be lookers for you as well:

JAZZ 6 Month, Daily Bullish Flag - Watch it close for a breakout in either volume then price OR price then volume.

PCBC 6 Month, Daily Wait for the 1.85 support to hit or for a breakout above the descending trend line resistance to occur.

HSTX 9 Month, Daily Watch for the ascending triangle breakout on low volume accumulation.

GCI 9 Month, Daily Bump ‘n’ Run - All eyes on 7.32

FCS 1 Year, Daily Still consolidating (Bull Flag) within the 8.46 - 9.05 price confines.

IVN 1 Year, Daily Low overall volume, consolidating in between 7.52 and 8.77 - Watch the recent flagging developments in IVN’s candle formation

STSI 1 Month, Daily Small time frame? Yes. Prepped for a breakout because of the possible shift in momentum from a 5d SMA cross above the 10d SMA? Possibly.

FCEL 6 Month, Daily Ascending triangle price pattern support by 5d and 10d SMAs

FEED 6 Month, Daily Developing Bullish Flag on low volume distribution - Watch for a pop if the 5d SMA bounces off both SMA supports (10d and 50d SMAs)

ETFC 6 Month, Daily Eyes on how far the Bullish Flag goes. If it reaches the the ascending trend line support, I am expecting a pop - below that, the selling pressure will be nullified by the 50d and 200d SMAs

ARIA 6 Month, Daily Floating around the 20d SMA, with the next support @ the 50d SMA and the ascending trend line - Watching for a dead cat bounce.

CTIC 6 Month, Daily 5d SMA cross above the 10d SMA is now active - Next that is needed for CTIC to move is volume, followed by a Pharma melt up wave.
Patience is a virtue folks, never forget it!

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