LPZ - LOPEZ HOLDINGS CORPORATION SECTOR: HOLDING FIRMS SUBSECTOR: HOLDING FIRMS LAST TRADE PRICE (CLOSING): 7.1000 LAST TRADE PRICE (AVERAGE): 6.9714 LAST TRADE DATE: 01/14/15 STRENGTH OF SUPPORT/ RESISTANCE LEVELS BASED ON 500-DAY PRICE-BY-VOLUME (PBV) HISTORY: SUPPORT LEVEL: LEVEL PRICE VOLUME 1 7.0945 4,658,000 2 7.0645 6,234,400 3 7.0554 7,405,000 4 6.9714 10,228,700 5 6.9471 16,308,700 6 6.8791 17,763,500 7 5.3917 24,080,700 RESISTANCE LEVEL: LEVEL PRICE VOLUME 1 7.1020 2,117,900 2 7.1120 6,969,600 3 7.1379 7,553,600 4 7.1759 11,016,100 5 7.2611 19,308,200 6 7.2871 20,729,300 7 7.4747 24,669,200 ENTRY PRICE: 500-DAY PRICE-BY-VOLUME (PBV) HISTORY indicates a strong resistance at 7.47. Let the stock fight its way through that resistance. Once broken, that resistance level becomes the new support. Enter only when the price breaks through that resistance. EXIT PRICE: 500-DAY PRICE-BY-VOLUME (PBV) HISTORY indicates a weak or no resistance above 7.47 . Above 7.47, the trend is your friend until it hits a bend. However, pay constant and alert attention to the market. STOP LOSS: Limit your losses to 5% to 8% of your cost. TRAILING STOP: Always move your stop when the price of your stock rises. Move your stop to at least breakeven when your stock rises by twice your risk (10% paper gain). POSITION SIZING RULE: Limit your position size to 1/5 to 1/7 of your portfolio. NOTEWORTHY EVENTS PRIOR TO OR DURING THE TRADE: Watch out for profit takers who bought from 5.39. Always remember Murphys Law: SHIT HAPPENS! Again, pay constant and alert attention to the market. This is not a recommendation. This is just my practice exercise on how to make a PLAYBOOK. Trade at your own risk!
Posted on: Sat, 17 Jan 2015 08:30:09 +0000