BLOOM – bought 9.21 (on July 14) sold 10.14 (July 23)

bloomport

Trade Objective:  Buy on breakout of Darvas box. Sell at target price based on increment at 10.28 if there  is sign of weakness. Hold if SMA 100 and target price is breached.

Reason for buying:

1) Break of Darvas box top

2)  RSI bullish divergence and subsequent uptrend

Reason for selling:

1) Price target was hit at 10.28 . Price on July 23 closed below previous day’s close, showing weakness.

2) Price tried to pierce SMA 100 and box top twice but failed.

3) RSI weakened.

bloom

bloomrsi

LR

Trade Objective:  Buy on breakout of Darvas box above 9.32. Sell at target price based on increment at 9.64 if there  is sign of weakness. Hold if 4 EMA is not breached.

lrportjuly24

Reason for buying:

1) After bouncing off 61.8 % fibo retracement, it broke out of its box.

2) After failing to break through 38.2% fibo level, it retested the top box and bounced.

LRfibomonthly

3) An RSI bullish divergence was spotted from June 30, 2015.

The trade so far:

1) Price broke the first box at 9.32 .

2) Then price also broke through SMA 50 and achieved the target of the next box at 9.64. Price consolidated sideways. However, the RSI  did not show any signs of weakness.

2) Price broke out of the second box. During this breakout, RSI also broke out of the 70 level.  Price  is now far from 4 EMA.  Thus, it  could consolidate sideways this coming week.

3) HOLD as long as EMA 4 is respected.

lrema4

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