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)
| Stock
Check List - Trending checklist
|
| Stock: MSO |
BUY/SELL Rating:
0.5 |
Date: March
30, 2005 |
| Indicator |
Confirming |
Negating |
| Trending
Indicators |
| Trendlines |
support line held |
|
| 20, 50, 100 day SMA's |
5 day
SMA cross |
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-H zero line cross
MACD signal line cross |
|
| ADX/DMI |
ADX
convergence, past 30
|
+DI
below -DI
|
| Volume Indicators |
| Volume |
Consolidation pattern |
Volume downtrending |
| OBV |
convergence/uptrend |
|
| PVT |
|
Sideways |
| Patterns |
|
|
| Support/Resistance
Breakout |
support line held
Ascending triangle |
|
| Candles |
|
Bearish
Belt hold, (low) or black opening
bozu |
| Strength Indicators |
|
|
| RSI |
RSI crosses up through
30, convergence with price |
|
| __________________________________________________________________________ |
| Points: |
9
positive |
8.5
negative |
This pattern
forming is a good set up for a short
term breakout. It would be still advisable
to wait until the trend has broken the
upper resistance trend line (ie: breaks
out of the triangle).
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
