OKN - lovely !
| |
|
Last Poster |
Posts |
Pages |
Last Post |
| |
|
|
|
|
|
|
| Author |
Message |
     hershy
Member
Username: hershy
Post Number: 2265
Registered: 10-2002
Rating: N/A
Votes: 0
|
| | Saturday, May 09, 2009 - 04:43 pm: |  
|
Lovely head'n shoulder on the way to target. Interesting to note that resistance @ $2.06 is just ahead of the current price zone. After that, no visible obstacles until $3.10 and the $4.50
I can hear Jimmy Cliff loud and clear !
I do it doji style !
http://members.optusnet.com.au/~hershy/
|
hershy
Member
Username: hershy
Post Number: 2407
Registered: 10-2002
Rating: N/A
Votes: 0
|
| | Sunday, August 02, 2009 - 11:07 am: |
|
Reached the H&S target, getting close to resistance. I intended to sell just below resistance but I may hold on for $4.50.
The big money in stockmarket investment is not made in the thinking, it’s made in the sitting.
http://members.optusnet.com.au/~hershy/
|
hershy
Member
Username: hershy
Post Number: 2621
Registered: 10-2002
Rating: N/A
Votes: 0
|
| | Saturday, September 19, 2009 - 06:33 am: |
|
Sold below target earlier, I am back into OKN again.
A new you beaut H&S has completed which I assume to be the 3 corrective E waves plus wave 1 & possibly wave 2 of the forthcoming impulsive waves. If this count is correct, in a perfect world targets would be:
wave 3 $4.02
wave 4 $3.79
wave 5 $4.53 - which is around the 12 months high
H & S target is $3.70
With a stop loss just below the last low @ $2.80 entry at the current levels presents a pretty acceptable risk/reward ratio. As always, do you own research !
The big money in stockmarket investment is not made in the thinking, it’s made in the sitting.
My advice is worth exactly what you pay for it so do your own research.
http://members.optusnet.com.au/~hershy/
|
rdumas
Member
Username: rdumas
Post Number: 2796
Registered: 11-2006
Rating: N/A
Votes: 0
|
| | Saturday, September 19, 2009 - 05:00 pm: |
|
Hi Hershy,
OKN looks like it has a habit of closing gaps based on past performance.
I agree with your EW count but would suggest that the stop loss be put below the gap located between $2.79 and $2.80 or you'll possibly see your stop loss taken out before it takes off into the next impulse wave.
"...if one tortures a dataset long enough, it will confess to anything!"
- Andrew Lo
|
|
Threads by Last Post Time: First
1
2
3
4
5
6
7
8
9
10
Next
Last
|
