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SATURDAY EDITION May 18th, 2024 |
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Canwest Pete Corp. : Trading With MomentumStephen Stewart Insight Equity Research Group, LLC is a quantitative buy-side equity research firm that specializes in identifying and the 'market timing' of momentum stocks.
Insight Equity Research Group has developed its profiles using proprietary momentum maps that were designed specifically for identifying and the market timing of momentum stocks (with the emphasis on finding them in the earlier stages of the accent). Two trading profiles that are the hallmark of Insight Equities research are "Fat Pitches - A 99% Indicator" and "Huggers - Super Performance Stocks" A mistake many investors make when using technical analysis is not to use monthly and weekly time frames on an instrument. More importantly, they don't have the right maps to correctly find, review and decide if a stock has the characteristics of a "Super Performance" stock. Lets take a look at how we identify good momentum stocks and use one of our top ideas in the energy arena, specifically the Oil Sands sector. Canwest Petroleum ($7.31)  When we start our research, we always begin with a 2 Yr Weekly. We look for stocks that breakout of a trading range on massive weekly volume. The best stocks will have the RSI 69+ and the OBV & EMA all hitting new highs at the breakout. NOTE: This is mandatory and non-negotiable for the best stocks.  Monthly charts can tell you so much about the supply and demand for a stock. If you went back and profiled every major winning stock for the last 100 years using our "maps" you would see the same bullish monthly picture as you do in CWPC.  When we look at the daily, we want to see a trend and it is mandatory for OBV & EMA to be hitting new highs when price does. If they don't hit new highs, this means demand for the stock is fading and we should start to look for the exit door! Stephen R Stewart
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