About meSoftware developer by profession and long term trend trader by interest. Please feel free to share ideas - if it interests me enough, I might try coding them to give better shape. Prefer higher time frame charts (At least daily charts)
Steps used for deriving these picks:
Put following filters into tradingview screener with timeframe set to Monthly
Market Cap : Above 1B
Average Volume 90 days : 1M+
Return On Equity (TTM) : Above or Equal to 20
Return On Assets (TTM) : Above or Equal to 10
Return On Invested Capital (TTM) : Above or Equal to 5
Debt to Equity : Between...
In oversold region - but still in uptrend. Can wait for price to come out of oversold area.
VIXFix at peak - showing linerar regression green. Can wait for it to turn lime.
Bounced off support area + trend line
Positive divergence on OBV
This is an experimental procedure based on fundamentals. Since, there isn't much option to backtest these methodologies, I am trying to create a trade and then measure performance over long period of time.
Magic Formula investing method is invented by Joel Greenblatt . In a nutshell strategy does following:
Rank all the stocks based on Return on Capital
Oversold at present. Hence, will be selling 110 PUTs expiring in month time. RUT is the only index oversold among other major US indexes (SPX, DJI and NDX). If assigned will sell 30 day calls for 110.
Tripple leveraged - trade with caution and with proper risk management.
This is not my usual trend following method. This is my experimental no nonstop strategy.
Using my multi-band overbought/oversold oscillator which is implying stock is slowly coming out of oversold area.
Price seems to be in squeeze and linear regression turning positive.
Seems to have crossed downward trend line and holding well.
No stoploss. Hence...
My top 10 buythedip picks:
TSLA - 697
ROKU - 367
SQ - 234
Z - 153
BIDU - 266
PYPL - 249
SNAP - 57
FLGT - 104
REGI - 85
FCEL - 17.3
These are considered based on following criteria:
Was in clear uptrend before pullback
Had deep pullbacks from ATH, yet support level is not broken.
Has bounced off a bit from bottom - support level
Still lot of room to...
Are things so bearish again? Looking at Nasdaq previous pullbacks - which were 30%, 14% and 10%, this one has just gone back 7%. While it may still fall further, it is still too early to call it a crash. Keep your stoploss intact and play the game :)
Last analysis on PLTR was spot on for going long.
Can see that price often bounced off 20 RMA
Almost at same level as that of last Higher Low
Oscillator indicating oversold
30 was strong resistance before last breakout. Which now assumes default strong support.
Earnings around the corner
With ongoing fraud accusation, lawyers claiming to do the investigation and company response with providing more information, this can go anywhere. However, unusual option activity observed yesterday as someone bought 1281 calls for the strike of 40 expiring Feb 19.
This can be high risk and high reward play. Doesn't hurt if you keep small position size.