If you are
a subscriber to our free newsletter service,
our March issue describes how to develop
a checklist when evaluating a stock. This
will help take some of the confusion out
of decision making.
Currently on
our MSO watch, we have applied the checklist
since March 06.
March
06 checklist (trend reverse)
March 07 checklist (downtrend)
March 08 checklist
(downtrend)
March 09 checklist
(downtrend)
March 10 checklist
(downtrend)
March 11 checklist
(downtrend)
March 14 checklist
(downtrend)
March 15 checklist
(downtrend)
March 16 checklist
(downtrend - possible correction)
March 17 checklist
(downtrend - possible correction)
March 18 checklist
(downtrend - possible correction)
March 21 checklist
(downtrend)
March 22,
checklist (downtrend)
March 23,
checklist (downtrend - possible correction)
March 24,
checklist (signs of life, correction
forming)
March 30,
checklist (correction forming)
March 31,
checklist (slight correction - trend
changing to sideways)
April 03,
checklist (sideways trend)
April 05, sideways
This is a sideways
trend, I have put alerts on two price
targets to wait for a breakout, 22$ for
breakout and 20$ for breakdown. The negative
rating is generated since sideways markers
are treated as negating factors. Also
there are no earnings reports schedules
for another 2 months or so, so we should
definetly see some movement prior to
these earnings reports. This is what
we are waiting to capitalize on.
| Stock
Check List - Trending checklist |
| Stock: MSO |
BUY/SELL Rating:
-4 |
Date: April 05,
2005 |
| Indicator |
Confirming |
Negating |
| Trending
Indicators |
| Trendlines |
|
sideways |
| 20, 50,
100 day SMA's |
|
20 and
50 and 100 day SMA above price line |
| MACD |
MACD-H
convergence
MACD-H zero line cross
MACD signal line cross |
|
| ADX/DMI |
|
ADX
dipped below 30
+DI below -DI
|
| Volume Indicators |
| Volume |
|
Volume sideways |
| OBV |
uptrend |
|
| PVT |
|
Sideways |
| Patterns |
|
|
| Support/Resistance
Breakout |
|
Sideways
|
| Candles |
|
|
| Strength Indicators |
|
|
| RSI |
|
Hit 30 down, |
| __________________________________________________________________________ |
| Points: |
3
positive |
7
negative |
The indicators
applied to this checklist can be read
about on our indicators
page. If you would like to see another
indicator added to this checklist, let
us know.
See our Candlestick
Education Section for explanation
of patterns.
For more information
on trend analysis, see our Trend Guide
