This is not a recommendation to buy or sell any of the stocks discussed on this blog. Due diligence is your responsibility. If you need professional investment advice then find a professional.
The following is an example of the stuff I have presented in the last couple of entries. The first is a chart of COP.TO. This came up as a possible buy candidate using the KASEAVG indicator as a scan. The criteria was that the current close was above the indicator while the previous close was below it. Out of a universe of about 3,000 there were close to 200 results. Then it was a matter of scrolling through the results to see if anything looked good. Being the penny world many of the charts look more like modern art than price charts. Some very wild and volatile pictures to say the least. Anyways only one really caught my interest to bother watching. COP.TO.
I used the GreenShot annotation tool to add a couple of lines. Although the software is good to use for capture I was not that happy with the annotation. Mostly the ability to add text which is very limited. Oh well. This means that an explanation is here instead of on the chart.
Green arrow at bottom is signal. Upper black arrow is the DARVAS top. White arrow is the DARVAS bottom. Middle black arrow is the KASEAVG.
It is now a matter of seeing how the price performs inside the DARVAS BOX. Interesting that the closing price is right at the middle of the DARVAS BOX. Important lower levels are at the KASEAVG, the DARVAS Bottom and the modified KASE. Will watch to see if these are tested. The upper level that I am watching is the DARVAS Top at .41 as well as the longer recent DARVAS top at .43.
Using the PersonalStockMonitor program I have set upper and lower alerts. That way if something happens it will tell me about it. The upper alert is set at .41, the lower is set at .36. The program has a setting in the alerts that they call sticky. Simply means that a trigger of the alert does not clear the alert. Nice feature. The alerts are also somewhat customizable which is a very nice feature. Will have to wait and see how COP.TO does in the future.
It is nice to have the alert function so that as soon as I look at my watch list I can focus on what alert has gone off and which stock to focus on. Much better than looking over each stock in a watch list to see if some criterion has been met. There is also a note function which seems to be a standard feature in these programs. The following is a screen shot of PersonalStockMonitor with a list of my watch portfolio and then the chart below. You can easily scroll through the charts in your list as well. Good all around, they have my money.
Thank you for your time.
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