vlad.adrian
Long

E*Trade - Weekly at buy zone, daily double bottom

NASDAQ:ETFC   E TRADE FINANCIAL CORP
208 4 5
Here is a weekly chart
snapshot
. Notice how we are testing broken resistance, current support, and price is standing at value. Small divergence on the senstive FI             points for a good place to enter long.

Daily bullish divergence on all 4 oscillators, with a false breakout, forming a double bottom with class B bullish divergences.
ETFC             is in good correlation with the overall market, but in falling periods it is not as violent as the market. For the coming days, the market seems to have an upward thrust.
timwest PRO
2 years ago
Check out how the stock is below the high volume down period in April. Also, the stock is under the levels where it reported earnings back in January and in April. So, the stock is under pressure. If it can get above your RED ZONE then I'll be on board with the long idea. Nice chart. Good work.
Reply
vlad.adrian PRO timwest
2 years ago
Thanks for you contribution Tim, you know that me and mr. volume still have some acquanting to do...
By the way, the shooting star is a bad wick. I have monitored the stock all day and it never went at those levels.
Also, with this kind of setup, the stock should have rallied until now over the red area, so my confindence in this trade is slowly fadding away
Reply
timwest PRO
2 years ago
here you go
snapshot
Reply
Went long on 27.05.2014 at 20.48 and got stopped out 04.06.2014 at 19.29
Reply
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