The Responsible Trader

STOCK CHARTS AND ANALYSIS –  LIB

 

In accordance with our Independence Day commitment, following is our Technical Analysis of  LIB (LIBERTY TELECOMS HOLDINGS, INC. ) as of Oct. 1, 2015.

 

This is the second of  our THREE for FREE for this week. (DNL – Non-Index Stock and this one LIB – Non-Index Stock)

 

TA – TRT Way – Straight from the Chart

 

 

POSITIVE

1.   Price action above 15 EMA and 20 SMA – Bullish – Short Term. Price action above 15 EMA and 20 SMA shows that the stock is Bullish on the Short Term.

2.   Price action above 50 SMA – Bullish – Medium Term. Price action above 50 SMA shows that the stock is Bullish  on the Medium Term.

3.   Price action above 200 SMA – Bullish –  Long Term.  The stock’s price action above 200 SMA confirms that the stock is now in Bull territory.

 

NEGATIVE

1.   TRT Code NSFN (Not Safe for Newbies) The stock has gone up very fast and buying at this point could mean buying at the highs so the stock is no longer safe for newbies.

2.   Bearish Shooting Star. The last Candlestick looks like a Bearish Shooting Start indicating a possible pullback soon.

 

NOTES: (FOR THOSE WHO CANNOT REALLY RESIST TRADING THIS STOCK  AT THIS LEVEL)

1.   Please be sure you and your stockbroker have a stable internet connection. The Internet providers have a nasty habit of going offline whenever you need them to escape from a bad  position.

2.   Please be sure you can monitor the stock closely. Prices can change abruptly in a split second so you should be able to make split-second decisions.

3.   Please be sure you do not have a bladder problem and you don’t get excited by volatile price movements.

4.   Please be sure you do not have any heart condition.

5.   In addition, if you are trading this in your office, be sure you are not in an important meeting. Frantic glances at your mobile device could irritate people you are with.

 

 

NOTES:

1.   Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

2.   On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.

3.   September is a very significant month for us. It was at the same time this year that we introduced Responsible Trading to mainstream social media.  Starting September 1, 2015, since you are already familiar with our caption “TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts” we are changing this to TA – TRT Way – Straight from the Chart.

 

The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

 

Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

 

Good luck on all your trades.