albert.callisto
Short

TEPCO daily analysis using Guppy techniques.

CHXJPY:9501   TEPCOHD
41 0 0
An attempt to apply Guppy analysis (https://www.youtube.com/watch?v=QInB6iExaxw) to a JP             stock hold by a pale of mine. Thanks to GcNaif for the Pine script.

Basically, we have two sets of moving averages . The "traders" (green, fast MMA             ) and the "investors" (red, slow MMA             ). When the ribbons are wide, that means that up/downtrend has a sustained rate. When ribbon is compressing (lines are converging), that means that a trend is likely to happen. If the two ribbons are crossing each others, that indicates a new trend initialized by the traders, in the direction of the crossover.

A short opportunity appears here. The PA broke through resistance lines of summer 2015. As the down trend is sustained, the PA may test the support line of summer 2015.

Some of TEPCO power stations may be restarted during the first months of 2016, so we may expect a stronger trend reversal at some point in a few weeks. But for the moment, it's a strong sell...
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out