The stock LI (Li Auto) on our watchlist crossed a low risk enty point and generated a buy signal, we have added LI to the JS-TechTrading portfolio. SL is less than 5% (SL at 37.05), win target is > 10%. LI has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume. Until now, the price / volume...
The futures of the major market indices rose Sunday night which is a promising indication that the current little rally might turn into something bigger. Attached is the link to our updated watchlist: www.tradingview.com All stocks on our watchlist fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have...
Stock Market Ramps Higher on Friday, July 15th, fueled by strong earnings and economic data Stronger-than-expected retail sales in June fueled positive sentiment in the stock market. But Wall Street also got more good news when some inflation components of the Empire State manufacturing index and the University of Michigan consumer sentiment survey eased...
Biotech/Healthcare are certainly seeing inflows of money from institutions. The RS on this name along with the clear volume accumulation is really nice. Potential consolidation into ATH Breakout.
50 Day MA Test. Tightening up now after solid reaction. Trend somewhat long in the tooth but nice setup for All Time Highs.
$SGML Breakout Idea. Triangle VCP Style contraction. All Time High Potential in a strong sector. Measured risk.
Our risk model significantly improved versus last week . The major market indices could accomplish a so called follow-through day (>2% gains under elevated volume) which is a very good indication with regards to the current health of the market. Overall risk can be described as average versus high - very high in the last few weeks and months. Swing-traders can...
The Ukraine war, ongoing lockdowns in China and associated disruption of global supply chains as well as upcoming inflation are key reasons for the high risk in the current market. Swing-Traders should act with highest caution and be mostly in cash for quite some time now. All technical indicators in our risk model are showing high risk, the overall risk rating...
Find below the update for the BTC USDT - Graph long term, with the Elliot wave. BTC still following the upward long term trend
I do not post ETFs very often - here is something i see today. Not a clear template (missing the triangles) but setting up a narrow price contraction. Looking forward how this will develop now.
SWCH shows a possible setup to new ATH (all time high) from a VCP characteristic. It is a relatively new name (IPOed in 2017) and since 2019 showing some real strength - last few days look like a consolidation at the top - no pump and dump. Key level is 31.80. To make the picture look better - i am missing a below average volume - sadly it is above average - so...
Here comes another possible VCP entry based on VCPSniper filtering. I do like how we see the higher lows, 50SMA is turning around, 200SMA continues its upward move. 64.76 is the key price point however be aware of the wider market context we are seeing now so manage your risk accordingly.
Oil group has been one of the strongest recently. While doing my scanning i came across this one. Looks good for me .... tight price action ... however ... many of the breakouts recently showed signs of weakness therefore caution is advised.
I am not GOLD bull - i read charts. Feels like the price action is confirming what we see happening outside of markets. i recently read a report that someone was secretly buying gold at around 1800 and putting it aside - based on yahoo search- here is the copy of it: (Bloomberg) -- Spot gold is again bobbing along near $1,800 an ounce, as it has been since...
VCP characteristics in place ... - above key lines - first contraction already happened - setting up another one ... on short list now ....
A very powerful setup we see on GOLD. A classic VCP ... with tight stop loss we are above all key averages averages are rising. Very VERY powerful. Looking for breakout and i am LONG!
Scan Criteria Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Earnings Scans Structural Checklist 1. Can a proven price patterns be identified? Yes, Cheat 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes and printing new 10...
Scan Criteria Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Sales and Earnings Scans Structural Checklist 1. Can a proven price patterns be identified? Yes, Inverse H&S / CWH 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes...