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,
a short term correction can be seen,
indications that this correction will
continue for another day or more. No
breakout is confirmed, and for this
system no signal has yet been given
that the trend has reversed. There is
a high potential that this is only a
secondary trend (correction) and the
major trend is still likely intact.
To confirm a trend reversal we need
the price to breakout of the triangle
and start forming new highs. This will
in turn push the indicators into bullish
conditions that are more reliable.
| Stock
Check List - Trending checklist
|
| Stock: MSO |
BUY/SELL Rating:
>0 |
Date: March
31, 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
dipped below 30
+DI below -DI
|
| Volume Indicators |
| Volume |
Consolidation pattern |
Volume sideways |
| OBV |
uptrend |
|
| PVT |
|
Sideways |
| Patterns |
|
|
| Support/Resistance
Breakout |
Ascending
triangle |
|
| Candles |
Bullish
separating lines, indicates for
the short term the uptrend will
continue |
|
| Strength Indicators |
|
|
| RSI |
RSI crosses up through
30, uptrending |
|
| __________________________________________________________________________ |
| Points: |
9
positive |
9
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
