Yesterday we had evaluated 4 of the 8 bargain dividend stocks recommended by Brian Nichols at InvestorPlace on April 20 this year. We showed charts with AbleTrend basic rules that are: buy on blue and sell on red. We also introduced the concept of Sweet Spots to define the entry point-an effective way to reduce trade risks. Today we’ll evaluate the other 4 stocks that Brian recommended including: CHL, HCP, T, BCE and reveal the benefits and applications of AbleTrend’s proprietary support and resistance level indicators. Following are the chart analysis.
Sweet Spots are based on AbleTrend proprietary support and resistance level indicators
AbleTrend defines support levels with small blue dots below the bars and defines resistance levels with small red dots above the bars. AbleTrend indicators are defined by the market’s own support and resistance levels objectively. They are the new generation of intelligent stops. These intelligent stops are dynamic and they are automatically calculated with the built-In feedback loop of the software as prices change. Because AbleTrend stops are determined by actual market support and resistance levels, they are objective, easy to use, and they are highly recommended by many of its users.
You should never feel comfortable using arbitrary stops
One of the criterion in selecting a good trading software is that if the software has a built-in dynamic stop system. As Warren Buffet puts it “Rule number one in investing is don’t lose money; rule number 2 is don’t forget rule number one” Any trading software can suggest stop-placement but you should be aware that the type of stops that you use could determine if you win or lose. You should never feel comfortable using arbitrary stops. “should I use a 3% loss stop or a 5% loss stop?”, this is a typical question from traders who are using arbitrary stops.
Benefits of knowing objective market support levels
The main benefits of being aware of market support levels are two folds: 1. Once AbleTrend defined the trend with large blue dot along with small blue dots, you can find many entries at sweet spots. You will never worry about missing the market trend again because you can always find the next sweet spot to get in. 2. You can see how far away the entry price from the support level and be fully aware the risk amount for the trade. Here is an example of Sweet Spot at BEC chart. 
AbleTrend helps you to manage the trading risks
You may set your stop at blue support levels indicated by the blue dots below the bars for your stops. You may tailor your stop sizes according to your risk tolerance.
You can trust AbleTrend signals
Once AbleTrend signals are generated and once the bar is closed the signals will never, ever change in the future. Therefore all the signals generated in these historical charts were the exact same signals that were generated at that time. This is important for all traders and investors seeking for real practical trade signals with integrity.
You are entitled to a one-on-one consultation
Your AbleTrend consultant can show you the details with one on one consultation through web meeting. Call 510-315-0419 to make a reservation.
You may request chart analysis for the stock symbols you are trading
Email your request of stock analysis (up to 5 symbols) to gracezh@ablesys.com
You may watch archived sessions from our introductory and member’s webinar video series: Click here to view our youtube page
If you’re not using AbleTrend already, the special Summer sale start today and will end on July 31. The 30-day trial is now $99 instead of $199. Take advantage of time-limited offer now.
With Warm Regards,
Grace Wang
AbleSys Corp.