As of 05/20/2022
  Indus: 31,262 +8.77 +0.0%  
  Trans: 13,491 +51.76 +0.4%  
  Utils: 991 +1.46 +0.1%  
  Nasdaq: 11,355 -33.88 -0.3%  
  S&P 500: 3,901 +0.57 +0.0%  
YTD
-14.0%  
-18.1%  
 +1.0%  
-27.4%  
-18.1%  
  Targets    Overview: 05/15/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow14,700 or 12,400 by 06/01/2022
  Up arrow1,050 or 940 by 06/01/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,150 or 3,700 by 06/01/2022
CPI (updated daily): Arrows on 4/21/22
As of 05/20/2022
  Indus: 31,262 +8.77 +0.0%  
  Trans: 13,491 +51.76 +0.4%  
  Utils: 991 +1.46 +0.1%  
  Nasdaq: 11,355 -33.88 -0.3%  
  S&P 500: 3,901 +0.57 +0.0%  
YTD
-14.0%  
-18.1%  
 +1.0%  
-27.4%  
-18.1%  
  Targets    Overview: 05/15/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow14,700 or 12,400 by 06/01/2022
  Up arrow1,050 or 940 by 06/01/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,150 or 3,700 by 06/01/2022
CPI (updated daily): Arrows on 4/21/22

Bulkowski's NCR (NCR) Trading Quiz

 

Released 9/8/2021.

NCR: Quiz

Below is a slider quiz to test your trading ability. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

This article is based on an actual trade I made in NCR stock.

 

1 / 5
chart pattern

What chart patterns can you find? Look for the following (if you find others, great!): broadening top, double top, double bottom, head-and-shoulders bottom, head-and-shoulders top, flag.

Answers are on the next slide.
2 / 5
chart pattern

Price has broken out upward from the flag.

Question 1: Do you buy or sell short the stock?
Question 2: What is your price target?
Question 3: What is your stop loss price?
See the next slide for answers.
3 / 5
chart pattern

I bought the stock a day after the price bar pointed to on the chart.

From my notebook: "11/16/2020. Buy reason: I've a lot of cash so I'm looking to deploy some of it. Maybe swing trade it to 30-33 (where it should reach resistance). It's breaking out of congestion (making a new high since the stock went sideways to slightly up from the March low. It's not an impressive performer, so that's why I don't really trust the stock. I'll cut the position down to compensate, but I can see a recovery to the low to mid 30s easily enough. S&P says hold as of 11/2/20, so report is recent. Says risk assessment is high, which is something I've not seen before. Ford ranks it 2. I see this recovering as economy recovers from covid-19. The stock is part of IT services, which is hot and I expect will continue to be hot. That's why I chose this stock, too. Industry and stock trend are very good. A rising market will help, too, of course."

The stock made a nice move higher after I bought. Do you continue to hold, sell, or sell short?

See the next slide for how I traded it.
4 / 5
chart pattern

Answer: I held on. From my notebook: "12/7/20. I considered selling this today. Stock reached a high last price bar, meeting resistance from Jan 2020 peak [not shown]. Most likely it'll move sideways to down, consolidating for a month or two before a continued move higher. Highly rated, still. Anals [analysts] are tripping over themselves to raise their price targets. Why they did it on the same day is a mystery I haven't explored."

Here's another potential sell point (different from prior chart).

Do you continue to hold, sell, or sell short?

See the next slide for my answer.
5 / 5
chart pattern

I sold the stock. Notebook: "Date sold: 01/08/2021. Order details: Sold shares at 12:20. Sell reason: I think this has peaked so it's time to get out at the top. The Dow was up 212 points (0.7%) yesterday and the Nasdaq up 327 (2.6%). This is a high-tech stock that went down. It's down 40 cents when I sold it. Reason for sale: weakness. Overvalued? It shows a high-and-tight flag, suggesting the flag will build here and then price will rise 10% to 15%. However, many HTFs fail to confirm...

After I sold, the stock dropped to A before recovering. I made 53% on the trade.

The End.

See Also

 
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