As of 08/07/2024   Indus: 38,763 -234.21 -0.6%     Trans: 15,180 -152.57 -1.0%     Utils: 1,001 +5.47 +0.5%     Nasdaq: 16,196 -171.04 -1.0%     S&P 500: 5,200 -40.53 -0.8% YTD  +2.8%   -4.5%    +13.5%    +7.9%    +9.0% Overview: 07/29/2024     41,500 or 40,000 by 08/15/2024   16,500 or 15,600 by 08/15/2024   1,025 or 935 by 08/15/2024   18,200 or 16,700 by 08/15/2024   5,750 or 5,300 by 08/15/2024
 As of 08/07/2024   Indus: 38,763 -234.21 -0.6%     Trans: 15,180 -152.57 -1.0%     Utils: 1,001 +5.47 +0.5%     Nasdaq: 16,196 -171.04 -1.0%     S&P 500: 5,200 -40.53 -0.8% YTD  +2.8%   -4.5%    +13.5%    +7.9%    +9.0% Overview: 07/29/2024     41,500 or 40,000 by 08/15/2024   16,500 or 15,600 by 08/15/2024   1,025 or 935 by 08/15/2024   18,200 or 16,700 by 08/15/2024   5,750 or 5,300 by 08/15/2024

# Bulkowski's Rockwell Collins Trading Quiz

Released 7/19/2021.

## COL: Quiz

Below is a slider quiz to test your trading ability. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

1 / 4

What chart patterns can you find? Look for the following: descending scallop, 2 ascending triangles, and head-and-shoulders top (has a tall head).

Answers are on the next slide.
2 / 4

The ascending triangle (far right on the chart) has broken out upward.

Question 2: If trading this one, what is the target price?
Question 3: If trading this one, what is the stop price?
The answers appear on the next slide.
3 / 4

Answer 2 (target?): Try this approach. For the ascending triangle, draw a line (D) parallel to the bottom triangle trendline (C) beginning at the start of the top trendline, like that shown in the figure. When the line hits the date of the breakout, the value of the line is the target. It shows a price of almost 38.

Answer 3 (stop?): I think point A in the chart at the top of the page is too close (4% loss). I would opt for point B, a potential loss of 8%. Volatility is \$0.93, so a stop no closer than 33.49 would be wise. That also means B is a better choice than point A.

After throwing back, the stock continued upward until peaking and it's now coming down (F). Price reached the target (blue line) at E.

Question: Do you hold onto an existing position or sell?

My answer appears on the next slide.
4 / 4

My answer: Would I sell? Probably not. I would expect the triangle's apex to support price (as well as the top of the triangle (line A)). At the apex where the two triangle trendlines merge, it's often a turning point for price and in this case, it's a support region. So I'd expect a reversal at F. Combined with the price bar being a bullish spike, that would also encourage me to hold longer.

Surprise! Price climbed to almost 50.

The End.

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

 My Stock Market Books Invest for Two-Comma Wealth Chart Patterns: After the Buy Encyclopedia of Chart Pattern, 3rd Edition Fundamental Analysis and Position Trading Getting Started in Chart Patterns, 2nd Edition Swing and Day Trading Trading Basics My Novels Bumper's Story Foresight Head's Law Remember Me