UPstocks - Trading the charts!

UPSTOCKS TRADES  

Summer Infant, Inc. (SUMR)

Swing-trade ( overnight hold) : Bought at 4.01 , Sold at 4.22

China HGS Real Estate Inc. (HGSH)

Day-trade : Bought at 4.17 , Sold at 4.6

Day-trade : Bought at 6.02 , Sold at 6.6

IFM Investments Limited (CTC)

Swing trade : Bought at 1.34 Av, Sold another 1/3 at 1.74

China Finance Online Co., Ltd. (JRJC)

Day-trade : bought at 7.76 , Stopped at 7.68

Accumulation Alert sent to members :



( OPTT , ZX,NEON,DGLY ,SUMR)


















Weekly newsletter sent to members :  (16/8/2014)

PSTOCKS WEEKLY NEWSLETTER 

Broad market analysis :

SPDR S&P 500 (SPY)

  

In my last report I wrote " 

The SPY managed  to hold a long-term support trend-line as the chart shows above. from this point I'm expecting the SPY to test the 194.41 level and the possibility of it acting as resistance, however breaking that level the spy should start new upward movement ." 

The SPY managed to break the 194.41 level and close over its long-tern upward trend-line , from this point I'm expecting the SPY to test the 201 level as long as the SPY keep trending over the green trend-line (194.8) .

PowerShares QQQ (QQQ)

In my last report I wrote " The QQQ held an upward trend-line that started on May and extends to the last 3 sessions as the chart shows above.  

currently, the QQQ is still trending in a short-term downward channel , breaking its upper trend line will result a test of the 95.77 level.  The 95.72 could act as a resistance and we need to watch the candlestick that will be formed near that level ( breaking the 95.77 pivot will set the QQQ for a new upward trend).

The QQQ broke the 95.72 level and closed at 97.4 which could be a possible short-term double top formation as the QQQ could make a pullback from here to test 96.96  once again ( breaking it would mean a test the 95.61)  . however breaking the 98.07 level would give the QQQ further upward momentum. 

IWM

  

The IWM broke a downward trend-line as it started to respect the 13 SMA ( the aqua blue MV) as I'm expecting a test of the 115.28 as a target , Breaking that level it could form a triple top formation at 120.22.

Watch-list and Swing trades setups :

EarthLink Holdings Corp. (ELNK)

  

The Price broke a downward trend-line as if the price manages to hold the  4.09 level it could be heading for a test of the 4.7 level.

ENTRY : 4.07 - 4.09 

Stop loss  : 3.97

Target : 4.7

China Commercial Credit, Inc. (CCCR)

  

the last 5 candlestick are showing a possible accumulation of the stock as the closing was higher than the open with a bottoming tails . Watch for a break of the 3.49 as the price could spike much higher.

Entry :3.17-3.2

Mental stop loss : under 3.07

First target : 3.49

Second : 4.29

China Ming Yang Wind Power Group Limited (MY)

  

 The price managed to break a downward trend-line , watch for of the 3.22 level as the price could test 3.43 as a second target.

Entry : 3 - 3.03

Stop loss :2.91

#1 target : 3.22

#2 : 3.43

WPCS International Incorporated (WPCS)

  

the price could have found support at the 1$ pivot and from here it could test the 1.13 as a first target and 1.45 as a second. 

** Earning could be released next week ( wait until ER is released) 

Entry : 1

stop loss : under 1 

target : 1.13 , #2 1.45

MEET 

  

From here the price could start an upward movement to test the 2.55 level.

Entry : 2.24 - 2.27 

Stop loss : under 2.19

Target : 2.55

EDMC 

Watch if the 1.48 pivot could act as a support as the price could reverse and spike higher. 

Other stocks in our watch-list : 

ENZN ( setup was sent - 1.35 target is possible)

CTC ( setup was sent )

USU ( managed to bounce off the 13 SMA (5.09) ( 5.58 is a trigger for 6.03 test)

SARA 

LIME ( setup was sent )

SGOC

ETFS under accumualtion : 

DGAZ

WEAT 

UPstocks Daily Newsletter (19/8/2014)

WPCS : 

Chart was sent in the weekly newsletter 

*In case it breaks the 1.14 level I'm expecting a test of 1.33-1.4 level.

CCCR : 

Chart was sent in the weekly newsletter 

MY :

Chart was sent in the weekly newsletter 

AMCF :

  

  

The price could have found short-term support at 2.29 as it a broke a downward trend-line ( hourly chart).

Entry : 2.35-2.39

#1 Target : 2.62

Stop : under 2.31

CSUN

  

The price could have found support around the 2.95 level.

Entry : 2.95-3

Trigger : break of the 3.12

Stop Loss : under 2.89

#1 Target : 3.4 

VISN

  

The price could start trending in an up trending channel .

Entry : 16.25-16.3

Stop loss : under 16.05

Target : 20.05

Other stocks in our watch-list :

IDN ( supports play) : #1 4.79 #2 3.45 as the price could bounce off these levels ( wait for a reversal off the daily chart) 

ROSG ( Scanner noticed accumulation ) : the price could have found support at the 3.7 level as my scanner noticed accumulation of the stock .

EDMC 

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