BATS:ALSK   ALASKA COMMUNICATIONS SYS GRP
255 38 0
Learning to use a new indicator, Fisher. I would like to thank JR and NMike for introducing me. What I see is a reversal . We have divergence on many indicators. Analyst have low expectations but they beat those last quarter making this quarter a big question mark. With some time before the next earning report, I am betting ALSK goes up from here.
Decent volume
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littleriver QuantitativeExhaustion
3 years ago
This one showed up on my weekly trip of bottom fishing. It is a bit on the fence here. I think i am late on the cat ears. But still see a move comeing.
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littleriver QuantitativeExhaustion
3 years ago
It loosened up on the good earning news.
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Verizon was once interested in this company
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snapshot


Looks good.. I would like to see matching near last lows
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littleriver QuantitativeExhaustion
3 years ago
You said the same with BV. What is the reasoning?
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QuantitativeExhaustion PRO littleriver
3 years ago
Well here I see a double bottom pattern. Price has to be within 3% of the previous low for the pattern to realize the measured breakout.
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littleriver QuantitativeExhaustion
3 years ago
I see. The 3% rule. You have mentioned that before too.
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QuantitativeExhaustion PRO littleriver
3 years ago
Second Trough: The decline off the reaction high usually occurs with low volume and meets support from the previous low. Support from the previous low should be expected. Even after establishing support, only the possibility of a Double Bottom Reversal exists, and it still needs to be confirmed. The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. While exact troughs are preferable, there is some room to maneuver and usually a trough within 3% of the previous is considered valid.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_revers
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littleriver QuantitativeExhaustion
3 years ago
Thank you . I will read thoroughly.
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QuantitativeExhaustion PRO littleriver
3 years ago
Another reasoning is the fact that if price does go lower you will have triple divergence in the weekly chart. Extremely bullish
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littleriver QuantitativeExhaustion
3 years ago
I am not convinced it will go lower near term but if earnings fail to meet expectations i think it certainly will go lower.
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QuantitativeExhaustion PRO littleriver
3 years ago
snapshot
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littleriver QuantitativeExhaustion
3 years ago
We are painfully close to that 3% number. W hat do we need 1.52 to just touch it ? I have think we are in the margin of error here.
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littleriver QuantitativeExhaustion
3 years ago
On the 8th we hit 1.55. I know we only count closings but we got really close.
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QuantitativeExhaustion PRO littleriver
3 years ago
snapshot


i see some conflicting data
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littleriver QuantitativeExhaustion
3 years ago
Are you referring to the divergence?
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QuantitativeExhaustion PRO littleriver
3 years ago
On the different time frames. Yes
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
For one your Fisher divergences almost match with share price bottoms. That's not so great.
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littleriver QuantitativeExhaustion
3 years ago
I have seen some really big drops with the fisher on my chart.
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QuantitativeExhaustion PRO littleriver
3 years ago
I think we can see lower prices with improving indicators - divergences.
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littleriver QuantitativeExhaustion
3 years ago
I am learning. This fisher is tricky but I still think up short term.
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QuantitativeExhaustion PRO littleriver
3 years ago
yeah.. that could happen real quick pop, but I would not expect prices to keep those highs very long.
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littleriver QuantitativeExhaustion
3 years ago
What caught my eye on this chart was the cat ears. Then the divergences. But the more I use the fisher the more familar with what it is really saying will become.
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QuantitativeExhaustion PRO littleriver
3 years ago
I think the monthly and weekly cat ears is what nmike really likes. I look for divergence when comparing to MACD. Sometimes Fisher is showing signs of improvement before fast or slow MACD.
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littleriver QuantitativeExhaustion
3 years ago
I am finding that certain indicators work better on certain equities and commodities. Each one is an individual and has it's own nuances.
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QuantitativeExhaustion PRO littleriver
3 years ago
That's probably true. You need to adjust based on volatility and volume
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littleriver
3 years ago
snapshot


Occasionally, we are challenged to dig deeper.

Divergence is a rare bird on this equity between fisher and equity price but that is exactly what we have. The question is how will it be rectified. The chart above is closest recent setup matching what is in the chart today. We still need the fisher to cross to confirm an upward move. But , I believe as in the chart above we will move higher into earning on the 30th of April. After that, all bets off.
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