Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
Trendline break
Demand Zone confirmation (3/17/2021 drop based rally)
Entry 18.2
Stop 16
Target 25
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
ATUS... a big overseas cable company that serves some of the NorthEast. Only thing is.. the F*#*# market is in a bubble and should not be trusted, otherwise I would jump on this with no hesitation. Still might... looks like a buy to me when separated from the market. I would want to see a little bit of a drop first... 16s.... It has some bullish diversion...
NYSE:ATUS pushing the extremes of the 99.9% probability cone. Bids filled at $17.55.
Probability Cone is based on the Expected Move. While Expected Move only shows the historical value band on every bar, probability panel extend the period in the future and plot a cone or curve shape of the probable range. It plots the range from bar 1 all the way to bar...
I would like to see a little more of a drop.. bring it to the 17s... then bounce. A little scary with the overall market but focusing on this specific stock, I do think it is a buy there....
Looks like it's reversing to me.
I have been reading a lot about trend reversals lately... so take that information for what it is.
To me, it looks like its got major profit potential.... as do all trend reversals pre-maturity...
In previous chart published, it showed false breakout due to ER big sell off trapping a lot of bulls. This stock has been tough to crack.
Now it has closed the gap. Will it breakout of the upper trend line this time for real?
Price target - 38
Stop loss - 32.82.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes...
Altice USA shares briefly broke support and now it is pushing back up through it. In the past, when it has tested this support, it has bounced back up. In addition, the MACD and RSI indicators also look extremely bullish. I think this stock is pretty much a 10% guarantee. Target sell $38. Good Luck!
