PAYX

 PAYX

PAYCHEX, INC.









Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resources, insurance and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.


Best part of this trade is RR. Chart is able to give me a very small stop. 


Charts are the best aspect of this. Contiunous growth undeniable. Hasnt seen a turn lower since 2010. Everything up and up. 






Queries are ok. Frequent dates looks awesome. Comparing to past similar instances, up almost 80% next week tells me breakout likely. Looking at past charts that appear does not excite me though. Either way data is data, it is higher, just not much.

Indsutry is notihng special either. 

We hit 2 of big 4.
    -Chart
    -Financials

    -Industry not hurting, but not helping
    -Queries slight edge to green.

In 122.70
Risk 120.50
PT 130

2/11

Decent start. Held had not broken out yet. Industry looks ready for a good turn up, but has not yet. Need to keep an eye on that. Set alerts on leader names, will add if I start seeing things take off. 

Frequent dates are split. Returns less than great, even negatiove which is low and a concern. Company has seen nothing but growith, and price has not reflected it at all. So the fundamentla reason is certainly here. 

Weekly MAE is in line with good stop area should this fail at 121.30, a bit ahead of origianl planned SL, but If the stock and industry fail here then i dont need to be holding on for hope. All signs point higher now, so it should be moving higher now. If not, thats a problem. Not what recent wins have done. 

2/12

Doubled position on pullin with tons of MA confluence


2/14

Cut this on the 13th with the big gap lower. Did not want to stikc and wait and see.

Ended up recliaming and showing great rel str. I think I panicked out on this one, ultimately tiny loss so no harm done despite how large size was.

Re entered as the 14th we had small gap up again, didnt chase, waited for MA catch up/pb and curl and started adding again on moves higher.

2/16

Breaking out but very slow. Super low volume. Almost no interest here. Chart still A+

Industry is good. Early week saw a lot of good breakouts with vol. Some major earnings jumps. Edge clearly to bulls. Friday did see some issues with fialing and engulfing breakouts lower. Not what I want to see

We are at breakout point. We are not seeing vol, and we are seeing industry names fail and drop lower. 

This is not cause to exit but it is cautious sign to exit breakeven if we do not go. All signs point higher for a good move, we are not getting it, thats a problem. 

Queries are nothing speical either. Small edge to green. 

My avg in is 122.50 which if we get to that would mean a lot of failures and loss of uptrend MAs which would justify an early breakeven exit. 

If industry can rip again or market can, ill hold on for a deeper pull in to HTF mas, but if not then i need out. 

2/23

very slow low breakout higher. Moving how I like but no umpf. Same as last week. Industry also showing signs of rollover.

I need to let this work out, but I also need to play defense first. If industry does fial and drop lower then out has to happen. My average in is 122.50 and we are 2 pts off that. 123.50 seems like a good spot to find S as does 123. 

The 1hr 50ma tapped twice and ripped off it. That can be fastest stop if industry also sucks.

If not 123 must see test first. 

Queries did improve and overall industry has been hot the past month. So that makes me want to remain in this trade. Just need to weigh my options here and be prepared. 

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