#PTON Average price ever paid for this stock was $79.04. Average VWAP price ever paid for this stock was $83.44. The earnings gap down happened at the same time many institutional portfolios rebalanced for years end, you can see this on many other stocks in early November. Mediocre but not bad earnings with increases in subscription services and with most money...
Banks are still very cheap, $C trades at 6 PE with a 3.14% dividend yield and technically speaking its stock price is now at the lower part of its trading range for most of this year. Both the Range Strength and Hurst Exponent indicate the price is in a non-trending ranging mode, the RSI is at 22 and price is 8.38% below it's 50 day MA which is a lot for a mega...
Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2...
List of Reasons for potential pull back/mean reversion: 1: The market is over extended and has been moving bearish for almost 3 weeks straight with no pull back. This is more visible on the weekly chart than on the daily chart. 2: The trendline on the daily chart was broken with no retest. 3: Month Support level was broken with no retest around the 1.25***...
FISV is overextended. Long 95%, 99%, and 99.9% probability cones Trade the probabilities
Confluences: 1: Stop loss hunt at previous high on weekly chart. 2: Price heading towards high of the year(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair Summary: Price is currently over extended and has been moving in a up trend for 2 weeks straight. We...
Bought PYPL Overextended Entropy decreasing with significant positive correlation Might have to HODL for a bit but w/e
Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2...
Currently watching TSLA because of the hype over Q3 earnings (to be announced). About this setup: - Investment horizon: Medium term (i.e 2 weeks to a month). - Timeframe: Daily chart - Strategy used for backtesting: Mean Reversion (ATR) Strategy Idea: Using Price by Volume Histogram to find current support. Also, we want to mimic the initial point of...
You may have heard the adage, make hay while the sun shines. In market terms, we might translate this to ... make (the most) money when conditions are favorable for your strategy. The recent increased volatility yesterday, and last Monday 9/20, also increase the probability that range days will follow. In this video, I take a look at a VWAP Bands strategy...
API3 appearing to find support on well correlated uptrend. Anticipating support at -2 standard deviations (SD) below regression trend mean to hold. Watching for either a mean reversion, break above, and retest for bullish confirmation or break below -2 SD for exit. Analysis: Price Currently price action is ranging between $4.75 resistance corresponding well...
NSE:BHEL has shown reversal sign with dragonfly doji candle at 56 level. It is also a support level which was a previous resistance. RSI(14) just entered oversold zone. If price stays above 56.90 level, it could go to 67.
Coming up to a key supply zone. Two possibilities can come from this. Either the price breaks above and, ideally retesting resistance and support, runs to test higher levels. or The broader market seems some pressure and this level is rejected causing the price to retrace to the 200 SMA, and if that can't hold then the demand zone below. Waiting for...
UAL recently smacked a support level at around $48 and seems it could possible rebound to the upside. However there is very major catalysts for UAL to further within the coming weeks. Covid is still relentless as always and with the new 'Delta variant' proving to be more adaptive, and dangerous it could potentially impact the already suffering fundamentals of the...
LTCUSD. Ideal entry is at the 0.382 Fibonacci Level. The Pin Bar close near that level. There was a gap that occurred on July 8, 2021 at 03:00. The gap represented horizontal support resistance level. Price closed in the area of the EMA 10 EMA 20. Price closed below diagonal trend level and retested that diagonal level as new resistance. Confluence: ...
Pretty amazing nobody is talking about the #momentum crash that erased 3 year gains of this strategy. I guess the lesson here is as much as we like to chase things on the way up, never underestimate the power of value and reversion to the mean! $PDP $MTUM
Buy if breaks above : based on bullish Flag theory Sell if breaks below : Based on mean reversion theory Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy...
Mean reversion trade after bounce from weekly level. Entry: 50% retracement Target: 3:1 Management: Set & forget