About meBiomedical engineer, entrepreneur and data enthusiast.
Have been successfully swing trading for several years now.
All the ideas posted here are my personal opinion; and should not be considered as financial advice.
Capitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market.
For as long as we have been able to use the 200 weekly weighted and simple moving...
After the Shooting Star we had on a weekly, and the continuation of this ending this week before a long weekend on the NYSE, I believe the short-position could play out well.
The bearish wedge formed has a measured move to a 30K; which is coincident with 2021 heavy support. If we can...
50sma has been an important moving average for this ETF.
We see 3 consecutive tests of the 50sma as resistance and a bounce lower.
As we see lower highs and lower lows, the bearish trend is confirmed.
I expect we fail again and test the blue line ($144.5).
The moving average you see drawn in blue is 26 weeks = 6 months.
If we stay above this line, there is no reason to think we won't go higher; in fact, this level is a great place to enter a position.
There is also horizontal support around $450.
When looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend.
Taking a look a the SOXX, we see we are at a potential place for a bounce.
I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past.
A close on a weekly basis below this level is the signal to get out....
We are testing a range that has seen some buying.
Using the last true support in late-August 21', and extending the Fibonacci retracement settings to test the next 61.8% Fibonacci level, we get a similar expected move at $330 approximately.
I expect SOL to consolidate around the lower part of the range, and start its uptrend in March.
The time horizon for...
The momentum indicator shows the speed of motion of the symbol as it goes bull (positive) or bear (negative).
When the candle closes dark green on the momentum indicator on the weekly, the momentum turns bearish, and the price action doesn't turn around until it's dark red, which is when the bottom is in and it's good to start looking to accumulate for long term...
As you can see, the price has respected the 200sma (blue) since the break from Covid lows.
Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated.
Target around $1000 for profit-exit.
Loss-protection exit 1-2%...
MSFT has tested and bounced of the 100sma 9 times, since September 2020.
In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level.
Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation...
When we see a moving average with an upward trend with higher highs and higher lows, the bull trend is confirmed.
Every test of the moving average should be seen as a potential buying opportunity, especially when adding from a long-term perspective.
We also see a test of September highs as support at the same level.
Risk-reward-ratio is over 3 when targeting...
IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs.
Trade setup is drawn in chart. The risk-reward-ratio is above 4.
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The Nasdaq100 has been strong, and its trend is still bullish; however, short term we might see some more selling to test the bottom of the channel.
It's a great exercise on any chart to use maybe 1 or 2 moving averages as use a weekly candlestick chart to see the bigger picture.
The Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data.
The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September.