Large effetive voume and a poket pivot yesterday and today..
Possible pull back but who knows?? Monthly candle is a doji/important to get a good long entry level unless you have a money tree in the backyard like our government does (o:
A pocket pivot is a price/volume pattern. We say todays price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Stop under C or last pivot low..
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution..
This is just a screener that looks for smart money/large player price action. They do not always, in fact rarely, enter at a good entry point..lol..but I take heed then wait to find a decent long entry if I like the stock..I guess they are in for the long term and could have been in for years. It is also not their money they are buying it with as a rule..
LEV: Above Rising 20 SMA: The red Large Effective Volume line should be above a rising 20 day average. This filters for a rising large player EV line.
Acc/Dist: 5DER > 3%: The daily average ratio in the last 5 days should be above 3%. This means that on average, during the last 5 days, the percentage of the volume accumulated by large players is at least 3%.
Pocket Pivot: At least 1 PP in last 5 days: there should be at least one pocket pivot in the last 5 days. This may be a bit confusing, because this will require at least one pocket pivot in the previous days, not counting the one today. Although, after the end of the day, the pocket pivot from today will count.
Signal: Pocket Pivot Today: there should be a pocket pivot on the last/current trading day.
What else is on this screen today: MCY, MAX, FOXA, PHG, FCEL, BGB, IRM, AMWL, SPHD, FREL, RXT, T, HYD, HYLN, EBND...just sharing this screen..
Not a recommendation,
Possible pull back but who knows?? Monthly candle is a doji/important to get a good long entry level unless you have a money tree in the backyard like our government does (o:
A pocket pivot is a price/volume pattern. We say todays price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Stop under C or last pivot low..
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution..
This is just a screener that looks for smart money/large player price action. They do not always, in fact rarely, enter at a good entry point..lol..but I take heed then wait to find a decent long entry if I like the stock..I guess they are in for the long term and could have been in for years. It is also not their money they are buying it with as a rule..
LEV: Above Rising 20 SMA: The red Large Effective Volume line should be above a rising 20 day average. This filters for a rising large player EV line.
Acc/Dist: 5DER > 3%: The daily average ratio in the last 5 days should be above 3%. This means that on average, during the last 5 days, the percentage of the volume accumulated by large players is at least 3%.
Pocket Pivot: At least 1 PP in last 5 days: there should be at least one pocket pivot in the last 5 days. This may be a bit confusing, because this will require at least one pocket pivot in the previous days, not counting the one today. Although, after the end of the day, the pocket pivot from today will count.
Signal: Pocket Pivot Today: there should be a pocket pivot on the last/current trading day.
What else is on this screen today: MCY, MAX, FOXA, PHG, FCEL, BGB, IRM, AMWL, SPHD, FREL, RXT, T, HYD, HYLN, EBND...just sharing this screen..
Not a recommendation,
Comment:
This is also a double bottom
If it has been bullish since the flu bottom, think twice unless there is a significant pullback (o: