PCH Waves...

smallville · 1 PCH Waves... Thu Oct 06, 2011 9:54 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10095
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

I'm just seeing Elliot waves too much these days Wink

he hee.. SO thot of seeing whether PCH got a wave too..

PCH Waves... Pch10

Blue Zig-Zag lines look a like a mini version of Elliot waves,
Wave 1 - manipulated to 18.50s from 14.70s
wave 2 - correction pf wave 1 but not fully
wave 3 - bull run, again a manipulated one corrected half of it by wave 4.
wave 5 - some H N W I effect ended the line

After 5 waves there are another 3 waves to go as a correction up to wave 4 but the last wave seems to me like a correction of the entire wave formation thanks to the mentioned H N W I effect we witnessed on top of the wave 5.. Wink

If not corrected it has to move all the way up to 20.50s and move back to 18s.

The below one is a chart from the IPO days..

PCH Waves... Pch-fu10

Magenta lines in the full picture since IPO looks like a full wave Elliot-Wave..

Note;
Unless market moves to be a blood bath, the 16-16.60 range is eqully good for collection.. But the entire interpritation could not be a Elliot-wave formation at all, this si the way I see

Universalgoal · 2 Re: PCH Waves... Fri Oct 07, 2011 9:37 am

Universalgoal

Assistant Vice President - Equity Analytics

Posts : 859
Equity Stars : 6652
Reputation : 38
Join date : 2011-09-15
Age : 42
Location : Universe

wow good time but Calm before storm

AUzone · 3 Re: PCH Waves... Sat Oct 08, 2011 7:28 am

AUzone

Stock Trader

Posts : 1
Equity Stars : 4586
Reputation : 0
Join date : 2011-10-08

how can we like this halo candles chart per share?????

smallville · 4 Re: PCH Waves... Sat Oct 08, 2011 7:49 am

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10095
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

AUzone wrote:how can we like this halo candles chart per share?????

What??? U just created the account to report this post? On what grounds ur repoting this?

bakapandithaya · 5 Re: PCH Waves... Sat Oct 08, 2011 10:54 am

bakapandithaya

Vice President - Equity Analytics

Posts : 1447
Equity Stars : 7417
Reputation : 58
Join date : 2011-09-17

So, u mean is it good @ current price level

invest-abc · 6 Re: PCH Waves... Sat Oct 08, 2011 3:27 pm

invest-abc

Manager - Equity Analytics

Posts : 283
Equity Stars : 5224
Reputation : 35
Join date : 2011-01-31
Location : Colombo

smallville, 16.50 to 16.70 is a very strong support level for this share..these levels have been tested few times and we have seen massive bounce backs off these support levels. So I guess this is a good setup for a nice swing trade. However, should enter with a good stop loss plan in a worst case scenario... Cool

dayasiri · 7 Re: PCH Waves... Sun Oct 09, 2011 9:49 am

dayasiri

Equity Analytic

Posts : 46
Equity Stars : 4657
Reputation : 0
Join date : 2011-10-09

i,m new to this forum.i like to smallville analyzing.i made some profit from ONAL read smallville previous post.i struck pch @18.50.i'm worried about my decision but now im happy,pls tell me at what price im average it.i hopefully smallville advice

smallville · 8 Re: PCH Waves... Mon Oct 31, 2011 8:13 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10095
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

dayasiri wrote:i,m new to this forum.i like to smallville analyzing.i made some profit from ONAL read smallville previous post.i struck pch @18.50.i'm worried about my decision but now im happy,pls tell me at what price im average it.i hopefully smallville advice

I cannot advice on what price this has to be bought back for avg.. on the other hand avg down is not a best investment or trade option, I do this sometimes but do not advice others to do...
Anyways PCH I thought 16 was the bottom but the market dipped more than my expectations so it dipped tp 15 and I thought it could be the end.. then market has fallen more n more and made the share ended up in 14s... This price is very attractive BTW.. but only if u can hold cuz market is still testing its resistance and support levels...
So low volumes and MACD histogram still in negative region..