There is not much opportunity within this daily range except a bottomfish of key daily supports. Lose those supports and we're looking for a weekly support above our last one in the $6 range
As said before, I am a fan of your video's, grabbing lots of inspiration to hold on to for my trades. I've become a long term investor since we last conversed. I noticed that the swing trades were not contributing to my health. Way too exciting, I suppose.
That said, I'm not just stock at any time, and I am very much interested in technical analysis. My game is now to try and find the best times to purchase, so that I potentially get the most stocks for my money. Doing so, I noticed that ACB's 50 and 200 EMA's recently crossed over. The last time we saw this, was before the highs in the fall of 2018. If you look at the daily chart and the 4 hourly chart, you'll see a lot of similarities with the current period between the cross over until last Friday. Sell offs, bulls defending supports, etc. There even is that one large spike downward, and upward again. Do you have any thoughts on this?
Barkworth
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--- that should read: "I'm not just BUYING stock at any time" ---
Barkworth
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McGuireTO
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@Barkworth, that's not a signal I act on but interesting to have it pointed out. For me, It's all about the levels I posted on Saturday.
Watching a nice setup... I'm not sure if this is a signal to act on either, but in addition to my earlier discover of the 50EMA and 200EMA crossing, possibly anticipating bullish break out, I just (accidentally) noticed this cup and handle on the weekly:
That said, I'm not just stock at any time, and I am very much interested in technical analysis. My game is now to try and find the best times to purchase, so that I potentially get the most stocks for my money. Doing so, I noticed that ACB's 50 and 200 EMA's recently crossed over. The last time we saw this, was before the highs in the fall of 2018. If you look at the daily chart and the 4 hourly chart, you'll see a lot of similarities with the current period between the cross over until last Friday. Sell offs, bulls defending supports, etc. There even is that one large spike downward, and upward again. Do you have any thoughts on this?