HASI: Strong Uptrend Continues, Multiple Buy Signals
HASI-is in a strong uptrend. It has issued multiple buy signals via fractals.
A buy (green arrow) is a series of five consecutive bars where the highest high is preceded by two lower
highs and is followed by two lower highs.
The is important. It is the first dimension of your trade.
If the is not asleep, the market is either up-trending or down-trending:
• if the price is above the Alligator's mouth then it's an uptrend;
• if the price is below the Alligator's mouth then it's a downtrend.
The also helps to determine the character of the waves:
• if the price is outside the Alligator's mouth the wave is impulsive;
• if the price is inside the Alligator's mouth the wave is corrective.
Why trade the ?
The acts like a compass which keeps your trading in the right
direction. The helps you spot a real trend and stay out of range-bound trading.
If all three lines of the (jaws, lips, teeth) are intertwined, the is asleep and the market is range-bound. The longer it sleeps, the hungrier it gets. When it wakes up from a long sleep it chases the price much farther, therefore price movements are usually much stronger. When the is asleep, stay alert. Once the wakes up, it opens its mouth (jaws, lips, teeth) and starts hunting. Having eaten enough, it goes to sleep again (jaws, lips, teeth) converge, so it's time to take profits.
Other technical strengths:
The lower indicator above the chart is the phase energy, and this turned positive months ago.
The gray indicator above this is the Curve, and this remained above its zero line.
The is rising. Also note the Cloud's black conversion line. This has been a reliable support point.
The 89 day moving average is rising. The has a green border. This indicates a stronger trend.
So, my advice to to stay long-HASI.
One final tip no matter what techniques you use......
Remember, rewards from trading and investing are determined by human psychology. Trading is a psychological challenge, the way of self-realization and self-knowledge, so the best way to become successful is to find your trading self, to get to know it better and to follow it no matter what.
Thus, there are two significant aspects: your own self-knowledge and your understanding of the market structure.
Let others panic. You stay cool.
Good luck to you in all your trades. Don.