Since this is my first day and first post, let's see how it goes. The post didn't go as planned. Ended up putting it some place it didn't belong. I will try again. View attachment 9187 I have been trading on technicals for the majority of my trades. I buy in when I see an opportunity to make 2.5% or more gain, usually in a few days and I am out. I thought I would share, what I feel is a good opportunity and see how it goes. Pitney Bowes Inc. (PBI) may not be the strongest horse in the race but that's where I am putting my money. This is maybe one of my favorite patterns. Almost every time a stock goes through the bubble on bottom portion of the bubble it is followed by a price increase. The bubble is starting to close and prices are at the bottom of the bubble. I expect short term gains. What do you think?
Pitney Bowes Inc. is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Company's segments include Small & Medium Business Solutions (SMB), Enterprise Business Solutions and Digital Commerce Solutions. The SMB segment includes North America Mailing and International Mailing business. The Company is engaged in providing a range of equipment, software, supplies and services that enable its clients to create physical and digital mail and evidence. The Enterprise Business Solutions segment includes production mail and presort services business. The Digital Commerce Solutions segment includes software solutions and global e-commerce business.
Nice first post, hope to see you around more often! The long-term downtrend scares me as I've become more of a longer term holder than a short swing trader. That does look like a good one to swing trade though, as long as you're not holding too long, and not through big events like an ER. If it's anything like the previous patterns, I could see it heading back into the $11's before the next drop below the current support level in the 9's
