Courtesy of David Grandey.
In our weekend newsletter we featured SODA and what we needed to see to take a trade. On Wednesday, what we needed to see took place and we issued a Trade Trigger email alert to our subscribers to buy SODA at $63.80.
Less than 24 hours later, our subscribers locked in gains at $72.26 — a gain of more than 13% or $846 based on a 100 share position!
Just one trade a week like this is enough to have you outperform 90% of Wall Street. And the best thing is we do all of the work for you — we find the set-ups, we issue an alert at the most opportune time to take the trade and we issue an alert when it’s time to lock in profits. To learn more about this, sign up for our free newsletter.
Here’s what we said in our newsletter this weekend:
“SODA is setting up nicely. But do we just go out and blindly buy it? No. Instead, we must ask ourselves:
“What Do I Need To See To Take This Trade”
When looking at SODA’s chart, the answer to that question is simple:
For those of you familiar with Elliot Wave, you can see SODA appears to be in the process of completing a classic A-B-C down pattern. This is the ideal way a stock consolidates recent gains. Upon completion of the pattern, the final C-wave should have the stock sitting at or near support as shown by the blue lines and 50-day moving average. Or if the stock is really strong, a retest of the lows from the A-wave would be about it. You can see it recently completed a similar pattern in June before going from 54 or so to almost 80 in just a matter of days!
So when do we buy SODA again this time around? Simple, on any pullback to the blue line. As long as it remains above that level and the 50-day, there’s a lot to like about this chart.”
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To learn more, sign up for David’s free newsletter and receive the free report from All About Trends – “How To Outperform 90% Of Wall Street With Just $500 A Week.” Tell David PSW sent you. – Ilene
