Stock Trading Predictions & Technical Analysis: MOT

Tuesday, September 15, 2009

MOT - As Long as It Goes Up You Hold

MOT - HOLD

MOT started its uptrend about 9 sessions ago, where we got our first BUY signal after it broke through its channel going over $7.50, while holding up the next day. In the last 3 sessions, the uptrend accelerated. There are currently no sign of a pullback, and anyone with a long position should hold on to there shares (always have stop loss orders set). Anyone looking to open a position with MOT may do so, but there is no way of predicting when MOT will pullback, it can happen in a day and has as much chance of seeing it happen in a week. When you decide to buy shares of a stock that has been trending up, for which there was already a BUY signal, you are taking a greater risk, than those who got in earlier and already have a decent gain. Ideally you should buy a stock when you get a BUY signal or about one day after (once the price holds up or continues higher). If you get in during an uptrend that started a while ago, this doesn't mean you won't be able to make a decent profit from it, but rather that you have more chance of seeing it pullback earlier rather than later, and risk the possibility of having got in too late. The goal of technical analysis is to catch trends early, and ride them as long as possible. MOT is currently a HOLD.

1 comment:

leonidasSeptember 15, 2009 at 8:46 PM
Thanks Yoel.
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.