Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress the reader with my...
Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress the reader with my...
Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress the reader with my...
Technical Concept: support broken becomes resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan I do not use fancy charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress the reader with my...
Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated technical jargon in an attempt to persuade and impress the reader because I not a charlatan or mountebank person. I do not use fancy charts plenty of Indicators, Oscillators, Ichimoku Clouds, W.D. Gann Astrology, Bollinger Bands and...
My first view of a stock is a 10 year weekly chart and even I Look more back in the time for establish old and relevant support and resistance levels. Then I do a zoom in and I focus in the action of the last 2 or 4 Years. Then I look my daily chart and 4-Hrs Chart too, this is called Top down Analysis with multiple time frame. Thanks to this, I identify a key...
Some specialized Websites have this company categorized in different industries and sectors, because is a consumer good but at the same time is in the health care industry in the official NASDAQ web is a Health Care Company in the YAHOO_Web is a Consumer Goods Company in the MORNING STAR web is a Household & Personal Products If a reader look several of my past...
One resistance line is situated in 30.60 and the other in 32.20 What is the main? Neither of two! Support and Resistance is an area, zone, around, etc be flexible Technical Analysis, it is not a science, the word “Technical” makes many think that this is like Technical drawing. The behavior of the price is very random and the word “Technical Analysis” make that...
This is not the first idea that I share in the Consumer Services Industry, what happens is that I do not listed them, as I did with the financial Industry (#1, #2, #3, etc) I post series of ideas that correspond to a particular industry for example: I have shared a lot of technology companies (too many technology companies) I have shared several Basic Materials...
Today I found this, but I'm not going to focus in the chart and the technical analysis I want to compare and share how I pick stocks, If you read my past posts, I said that between NYSE and NASDAQ there are approximately 6390 Listed companies, I follow 1300 approximately, distributed in 10 industries, but I pick stocks manually without the use of a stock...
From Left to Right 2008 highs Major resistance line around 19.60 or 20.00 (Red Arrows) Resistance becomes Support Dear Reader Do not conceptualize this idea. For that you need to train your eyes for many years, make mistakes for many years. and thus eliminate thoughts from your mind. Mushin en.wikipedia.org(mental_state)
"It was good while it lasted" Many young people refuse to accept it, some claimed that it was the end of commercial banking With less than 2 years of experience many young people self-proclaimed experts many teenagers perform their technical analysis based on emotions of spring, due to estrogen in their bodies and they also need the approval of others, to feel...
From left to right look (Two Red Arrows) The price broke the resistance level ¿Resistance Becomes Support? But then the erratic price behavior and volatility, causes that idea be canceled and the stop loss be executed (Question mark in Yellow?) Between 2017-01-02 and 2017-10-16, the price take shape of (A Flag Pattern) The resistance line of this flag was broke...
Continuing with my series of publications dedicated to the Financial Industry and creating variety in my publications (Variety of Industries) If you look at my 10 past publications you can see the diversity of industries that I shared from Basic Materials to Technology Companies from Consumer Services to Transportation this is a mix of different stock symbols in...
Constantly I repeat that I not publish a stock symbol twice, but the method that I use for pick stocks is always the same because I not flip from one method to another, trying to find the Holy Grail. Because I already took my years of deliberate practice and did not publish during that time. Only practice and training. In other words, if the reader looks at my...
(W) Double Bottom, to validate this type of patterns I need some things A clear bottom tested twice A resistance breakout with a pullback testing the line that now works as a support, even this is the second resistance that the price broke, look the numbers in Yellow this is confirmed and reconfirmed The resistance line around 15.50 is history, now the price is...
This is what I do and can it do for you: there are approximately 6390 Listed companies and I find patterns like this without the use of a stock screener, I keep my own list and follow they with disciplined, Any investor or trader knows these patterns, I do not have to try to persuade they, with the use of sophisticated technical terms because that takes away my...
if you look at my past publication, called: (A trend with Moving Average) The name of the company was POSCO-(PKX) Industry: Basic Materials-Sector: Steel & Iron. And this post is about Nucor-Corporation listed in the same Industry and Sector What I want to expose? Assortment and options, because I can put ideas that suit every investor and he can choose what...