SAND daily 12-3-12. I’m selling at the market as it looks like a possible right shoulder could be forming. Sold at 12.30.
SAND daily 12-1-12. After further study it now looks like this stock could be forming H&S top with an unbalanced double top as the head. I removed the top and bottom rails of the rising wedge that makes it easier to see the potential H&S top. I also added a neckline symmetry rail that shows the height of the right shoulder.
Weekly 12-1-12. The weekly chart shows the blue rising wedge with the backtest taking place.
SAND daily update 11-28-12. Its backtesting the top rail of it’s bullish rising wedge today. Bought at the market today, purple annotations.
SAND daily update 11-23-12. Was one of those stocks that just barely hit our sell/stop. Its now trading back above the top rail of the bullish rising wedge.
Weekly. Shows the strong backtest is the reason we got back long again.
SAND monthly 11-23-12. Shows the strong backtest.
SAND daily update 11-19-12. We were stopped out last week by the thinnest of margins. I’m going to get back in right here at the market. Instructions on chart below.
SAND daily update 11-10-12. Still consolidating after a nice run higher.
Weekly. Still trading nicely above it’s blue bullish rising wedge.
SAND daily update 11-2-12. Consolidating after good move up.
Weekly. Still trading above the bullish rising wedge.
SAND daily update 10-26-12. Sold full position at 13.81.
SAND daily update 10-20-12. Trading sideways.
SAND daily update 10-13-12. Still trading above the big bullish rising wedge. I’m moving the sell/stop up to 10.58.
SAND daily update 10-6-12. One of the strongest PM stocks.
SAND weekly update 10-6-12. Beautiful breakout of bullish rising wedge.
SAND monthly update 10-6-12. Bullish rising wedge breakout.
SAND daily update 9-29-12. Still trading above the breakout area.
SAND weekly update 9-29-12
SAND daily update 9-22-12. Breakout of bullish rising wedge this week.
Weekly update 9-22-12. Breakout of bullish rising wedge this week.
SAND gaped above the top rail of bullish rising wedge this morning. I’ve been waiting to see how the price action was going to behave once we got back up to the top rail. The breakout gap says the top rail is hot. We already have one position bought at 10.83 on 8-22-12. I”m moving the sell/stop up to 9.42. The royalty companies are the strongest group right now so I’m going to add a second position right here. Its very possible we get a backtest to the top rail in the next few days where you can add more shares if you desire. Instructions on chart below.
Weekly update 9-19-12