I did a scan this morning of opportunities in stocks and found a setup I like in NYSE:CMG. It had a volatility spike on the open down to a 50% retracement that matches with past Daily price inflection. This could be the pullback for a retest of the high followed by a potential break.
I am personally passing on this trade just to stay flat going into the New Year with a fresh null value.
@UnbearableLightness, I scan within the thinkorswim platform for the price action I am looking for. You may also check my signature to hang out with me on social media.
UnbearableLightness
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@norok, Could you please clarify how you define this price action? This is a fairly standard support/resistance flip. How do you go about setting up a scanner to identify those?
norok
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@UnbearableLightness, the scan I use is coded into thinkorswim and then my scan runs inside that platform. Unfortunately that makes it impossible to share or replicate on TV. The scan/signal I look for is based on short term price volatility that I then confirm is happening at a standard price action support/resistance.
raoultesla
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Because this will be considered a real restaurant into the future,
appreciate you analyzing real human interaction items.
Get so hung up on liquid only, forget to consider social ramifications of virus culture changes to 'the old way'.
Good show.