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,
signs of life, correction forming.
| Stock
Check List - Trending checklist
|
| Stock: MSO |
BUY/SELL Rating:
-5 |
Date: March
24, 2005 |
| Indicator |
Confirming |
Negating |
| Trending
Indicators |
| Trendlines |
support line held |
|
| 20, 50, 100 day SMA's |
5 day
SMA hit price line |
20 and 50 and
100 day SMA above price line
20 and 50 day SMA cross
20 and 100 day SMA cross |
| MACD |
MACD-H convergence
|
MACD downtrending
(line cross potential)
|
| ADX/DMI |
ADX
convergence, past 25
+DI and DI have begun to converge,
no confirmation yet.
|
+DI below
-DI
ADX below 30 |
| Volume Indicators |
| Volume |
short term up trend |
Volume downtrending |
| OBV |
|
Sideways |
| PVT |
|
Sideways |
| Patterns |
|
|
| Support/Resistance
Breakout |
support line held |
|
| Candles |
Bullish
candle, long upper shadow, small
lower shadow. Gapped up. |
|
| Strength Indicators |
|
|
| RSI |
RSI crosses up through
30 |
|
| __________________________________________________________________________ |
| Points: |
5
positive |
10
negative |
More positive
indicators occurred at the end of today.
The RSI crossed up through the 30 line,
MACD-H is an obvious convergence as
well as the ADX line. This all looks
positive, however, for this system,
the trend has not fully confirmed. This
is however the more exciting time to
look at the pattern forming.
Overall the
trend is DOWN, so the upcomming correction
or breakout should be treated as a correction
until a series of new highs occur.
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.
For more
information on trend analysis, see our
Trend Guide.
