As of 09/29/2023
  Indus: 33,508 -158.84 -0.5%  
  Trans: 14,969 -17.13 -0.1%  
  Utils: 817 +1.02 +0.1%  
  Nasdaq: 13,219 +18.04 +0.1%  
  S&P 500: 4,288 -11.65 -0.3%  
YTD
 +1.1%  
 +11.8%  
-15.6%  
 +26.3%  
 +11.7%  
  Targets    Overview: 09/15/2023  
  Up arrow34,500 or 33,150 by 10/15/2023
  Up arrow15,500 or 14,200 by 10/15/2023
  Up arrow880 or 800 by 10/15/2023
  Up arrow13,750 or 12,700 by 10/15/2023
  Up arrow4,425 or 4,175 by 10/15/2023
As of 09/29/2023
  Indus: 33,508 -158.84 -0.5%  
  Trans: 14,969 -17.13 -0.1%  
  Utils: 817 +1.02 +0.1%  
  Nasdaq: 13,219 +18.04 +0.1%  
  S&P 500: 4,288 -11.65 -0.3%  
YTD
 +1.1%  
 +11.8%  
-15.6%  
 +26.3%  
 +11.7%  
  Targets    Overview: 09/15/2023  
  Up arrow34,500 or 33,150 by 10/15/2023
  Up arrow15,500 or 14,200 by 10/15/2023
  Up arrow880 or 800 by 10/15/2023
  Up arrow13,750 or 12,700 by 10/15/2023
  Up arrow4,425 or 4,175 by 10/15/2023

Bulkowski's Southern Peru Copper 2 (PCU) Trading Quiz

Released 3/30/2022.

PCU 2: 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.

 

1 / 3
chart pattern

What chart patterns can you find? Look for the following (if you find others, great!): diamond top, 2 ascending broadening wedges, descending triangle, inverted and ascending scallop.

The answers are on the next slide.
2 / 3
chart pattern

The diamond top in November 2003 is actually part of a high, tight flag. Some of the lines drawn by my program are not as I would have drawn them, so assume a perfectly shaped pattern. The chart pattern on the right is a descending triangle. It confirms after price closes above the top trendline. Just before that, marked as A A on the chart, is an unconfirmed Adam & Adam double bottom.

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

Answer 1 (buy?): Buy because the breakout is upward.

Answer 2 (target?): Measure the height of the triangle from the peak to the horizontal trendline and add it to the breakout price (where price pierces the trendline). Price reaches the target 64% of the time in a bull market, so consider multiplying the height by 64% and then add it to the breakout price. The high is at 55.80, low at 41.26 for a height of 14.54. Sixty-four percent of this is 9.31. Added to the breakout of 46 gives a target of 55.31. The full height target is 60.54.

Answer 3 (stop?): I would draw the bottom trendline higher, make it an internal trendline. If price dropped below the new line then I would sell. That would place the stop at 42.40.

The End.

See Also

 
Top of page
 

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My novels:  Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of Chart Patterns 3rd Edition book

Copyright © 2005-2023 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.
Home Advertise Contact Donate Privacy/Disclaimer