50-50 Strategy
Dual Timeframes

Par Pharmaceutical Co meets the 50-50 Strategy “SCORE” system of fundamentals (from Invest with Success—Big Profits for Small Investors). Technically, the weekly chart (left) shows a rising 50 EMA (high riser). Price is above the 50 EMA and RSI 20 is above 50, thus it meets the 50-50 Strategy technical criteria too. The daily chart shows price straddling the 50 EMA (range conditions), and price has formed a triangle pattern. The daily RSI is below 50. When price moves back above the 50 EMA, and RSI 20 crosses above 50, the conditions will exist to consider a 50-50 Strategy long entry in the direction of the HTF. Since price is currently in a range, it is best for price to close above the resistance line of the triangle before considering the trade.

Contact Dr. Schaap: stockmarketstore@yahoo.com

Sign up for the Journal for Excellence in Trading right here.  

Books, DVDs and CD can be purchased from stockmarketstore.com

Address: StockMarketStore.com, Dr. Charles Schaap, 1204 Main Street, STE 335, Branford, CT 06405-3787

 
Copyright © 1999-2010 StockmarketStore.com All Rights Reserved.