These things happen: If you look the red arrow at the end of October there are a failed resistance breakout and then again the price hit that level (37.30) and broke with authority now there are a pullback in progress with your respective swing low. Note: Watch the two past candlesticks of the last weeks, but not conceptualize
In the last publications I am reducing the quantity of words that I use because I follow a large number of companies and when I identify a pattern, I do not use a lot of technical terms in my head only a few lines and pay attention to the whole picture, look the candlesticks (but not signal candles with names) and always make a multiple time frame analysis from...
This idea match with some of the rules that I have for publishing (resistance breakout and price pullback) but the Average-Volume is: 27,391 For Large traders this stock is Illiquid. is at the discretion of the trader to follow this idea and make your math. I comply with my part that is find Price Patterns www.investopedia.com
Resistance broken ready, pullback ready, swing low ready That is all
Break a support level accompanied with bad news like this: U.S. stocks plunged the most in 6 1/2 years, with the Dow-Jones-Industrial-Average sinking more than 1,100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold-rose on haven demand. The key for short selling stocks
Resistance broken ready, pullback ready, swing low ready That is all
Resistance broken ready, pullback ready, swing low ready That is all
The price is rising with authority and breaking the resistance zones that I signaled in the chart. And the past volatility put the picture in a pullback that is testing a new support that was resistance The image is clear. I not try to be persuasive with technical arguments
Five years and seven months took the price to break that key resistance line around 52.40 Now there are a pullback in progress to try to fulfill that the old Resistance becomes Support.
Two years and seven months, took the price to break that key resistance line around 74.30 and the way that was broken is very imposing (Two Gaps) Now the price is consolidating in the earned ground and find new support in the 81.50 I think that with only two horizontal lines I make myself understand.
I think I does not need to do a four sheets report with a fancy technical analysis to explain my idea or to identify where the price is going. But some words are enough: look the red arrows above the past support and the broke of the counter trend line.
¡Support is not broken yet! and why I share this idea? If my methodology consist in confirmed breakout of support and resistance levels from a weekly view One thing is to make stock price forecasting models and other is act with the price based in the actual market conditions AKA Price Action. Then I put this ideas in the desk of the traders and they put it in...
Experts say you need a trend to make money and even not need to use sophisticated tools only need a price correction and flow with the price. My job is to find this kind of opportunities in the market and not just focus in the fashion of the moment, only because the dentist and the hairdresser are euphoric with Bit-coin this does not mean that me too. You do not...
If all my ideas look equal is because I work with the more basic principle of Technical Analysis, support and resistance and the more higher the time frame the more reliable, this do not mean is bulletproof. But Weekly Charts avoid emotions because the weekly charts are simply boring and is necessary too to wait for the end of the weekly for the confirmation of...
Is clear that it have several weekly candlestick consolidated above the 25.00 level and even is testing the support area with a long wick candlestick (NO fancy candlestick names) and I do not care the name of the pattern too :(Acute angle triangle, obtuse triangle, Pentagon or Octagon) Nothing to say this. Ideas are for swing traders preferably I put the idea...
Here I put this trade idea in your desk: is a clear breakout always from the weekly perspective with the price closing above the resistance line and with a pullback in progress. The price now is above 13.00 and is consolidating that this is a new level for it I can say that in the past days when the Dow drops 1,175 points, this stock showed no weakness during...
This is a more clear example for going short in a bear trend in progress because here the support was broken several weeks ago (Major Support 26.50). But got lost the ideal entry price that was around 25.00 and now you need to wait for the next retracement close to red line of the moving averages. Around the 23.20 in the dashed line area, if happens. This kind...
A double top with a trend line breakout and now the price it is negotiation with a horizontal support in the 40.00 level, wait for a breakout with a pullback. This idea is for swing trading. Targets are set based in the criteria of the traders