Trend Shift Indicator saved me from the worst of today with two weird peaks and a precipitous indicator drop that seemed scary enough to make me sell prior to the worst.
Despite the very short upswing TSI is still hanging low. Volumes aren't great and the volatility is likely not over.
We are exiting the speculation phase of sentiment-is-all and moving to the...
As the community of traders reckons with many a crazed new-comer and their love of gamestop GME and AMC we have to be glad that people are being more and more interested in trading. However, for many of us, trading isn't to make a statement: it isn't to make a point, to stick it to someone or to prove how resolute you are.
For me at least, trading is the end...
After the recent run-up I'm generally neutral on the "stock condition" but bullish on the company and the stock overall.
Experimenting with buy points, ERSI seems to be giving some good buy signals without terrible sell signals
ERSI isn't great yet at sell signals.
Please try it and leave any suggestions you might have.
Early Reversal Signal Indicator (ERSI) and Trend Shift Indicator (TSI) opening on the 1 month view
ERSI and TSI respond with 5 buy-points per chart view -- so look for support to last approximately 4-5 trading days
ERSI is best at BUY SIGNALS -- look to TSI and EARS (bottom two indicators) and others for sell.
New more reliable indicator: ERSI-- "Early Reversal Signal Indicator" show positive strength on the 1M chart.
Trend Shift Indicator also showing positive opening
EARS (for very early reversal info showing red to green).
Conclusion: not yet time to sell.