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ACE failed as a buy candidate

As I expected ACE failed as a bullish trade candidate. It didn’t hold and fell below 50 day MA along with other potential trades I mentioned in my last post. Partially it is due to a sharp sell off in the market. Thus I considered those trades as potential candidates and not a buy candidate. I needed to see that those stocks would hold those levels, bounce off of them and move up. Then I would be buying.

However, it didn’t happen and basically all of those candidates are out of my watchlist.

Here are the new candidates as bullish setup. I will be watching them carefully waiting for a confirmation and potential buy signal:

AJG
BKI
CPX
DKS
DPZ
DY
INT
KEX
KSS
LIZ
NSC
RGC
TCO
TGI
TSS

Note, these stocks are selected based on a technical, not fundamental analysis.

Happy Trading!





One response to “ACE failed as a buy candidate”

  1. Ricci says:

    Why did this stock failed as your candidate? I didn’t get the point. Thanks for explanation.

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