Though price reversed from breakout candle but still managed to close above previous low but the risk is very high. Many reasons not to believe today's reversal; first the volume was very light compared to yesterday's breakout candle, second the price managed to hold above yesterday's low and finally closed above 1% from today's low. This bullish diamond was...
What goes up must come down was the theme for this stock, before it broke out we recommended a long-term play and it went beyond your imagination but still may again provide another buying opportunity with tight stop in case this turns uglier than it's now. Real time alerts www.2waytrading.com
In this example I am showing you how the market remembers important price levels and how you want to trade around them.
What I am showing you here is the levels where EARNINGS were reported. I have my own special way to graph that so you can see it easily without any trouble. You can see the "earnings" tab at the bottom of charts here at TradingView. If you...
It looks September's prediction turned to be accurate had u followed precisely Fibonacci Pivot System along with StDchannel +1 which confirmed the sell signal. First price opened below the monthly PP at the blue line and the rest was history. If u had the opportunity to get in 2% below MPP and hold to the end of the month, u would have sit on a profit of 41.3%....
SWKS to higher highs...this is early as it has not broken downtrend, however had a nice bounce off low and have a stop below that area, may want to wait if enter for a break of the downtrend. The Fed is coming up and this stock has potential to move with the drone story...high end drones, and analyst note...went longer term as it could hit 120 again
AMBA has been beat up pretty bad and this stock is a growth stock with a PE in the 20s that is good and the earnings are great. I nibbled a bit on leaps for Jan 17, spread is high 1.30 for the Jan 70 calls but over time could do well. The projection takes it much higher than BE for Jan 17, lets hope the market helps here and the FED does not screw it up...use...
Reversal potential in AMBA is strong based on weak volumes, falling DMI+, falling ADX and over-extended and flat MACD. Potential for a retrace back to 66.43. Stop above previous highs is suitable.
I am looking for AMBA to bounce off of its 100MA and lower channel trendline. I do caution that I believe we might see a flush through the MA and trendline before using it as support. With the gpro lock up, we might we support levels flush through before bouncing.
I have set up a buy target just below the MA and trend lines between 48-49. I have a tight stop of...
