trade_hope12

LiveRamp Holdings - $RAMP

NYSE:RAMP   LiveRamp Holdings, Inc
Hi this is my first post. I'm relatively new to Trading even newer to doing this T/A.

I welcome your comments / feedback as to how I can make this a better chart. I do not hold a position with this stock, when trading at $63 / share a friend had recommend I buy this a few weeks ago. Unfortunately I didn't have capital available to buy.

I am also posting this, in hopes that those who are new to TV and trading can get a more 'basics' idea as to what / how to do a chart for T/A!

Thx

Comment: With a possible entry $57.64. If we are wrong, we will know very quickly, so you can set a narrow stop at the next level of support below at $55.82.

As Channel patterns tend to break down to a 50% retracement or more, so you don't want to be caught up in this.

Suggesting the next level of resistance is at $69.77, which may make a good profit target"

Comments

Hi! Really really nice work and great chart notation. Super clear! My view is bullish too, however we can't confirm buy at this point yet because both oscillator signify bearish momentum. Perhaps for a new buy entry we need to wait for MACD lines buy signal and RSI is above 50 :-)
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trade_hope12 lilysaari
@lilysaari, Hi there... thx for your valued input. What do you mean when you refer to 'Oscillators?'
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Just noticed the negative RSI & MACD divergence from August 11 to September 1, tagging the top of the channel at the beginning of September would have been a stellar short too! Great chart!!
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trade_hope12 GlobalMarketSignals
@GlobalMarketSignals, I really appreciate your comments. When you refer to Short, as in Shorting the stock?
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@trade_hope12, yep !
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trade_hope12 GlobalMarketSignals
@GlobalMarketSignals, that will be the next step in the learning to trade steps. :)
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