Iron Mountain NYSE:IRM is a records and information management services company. Its share price has been falling rapidly as of late hence I would like to take the the opportunity to see how I use two of my custom indicators to identify trend changes and adapt accordingly
The daily chart of IRM is divided into 3 parts from top to bottom:
1. The share...
Here is a long term idea on Alstom EURONEXT:ALO a French multinational rolling stock manufacturer.
I will make a case why a long term view on the company is warranted from technical analysis with some commentary on its financials and business operation.
The weekly chart is presented here. It shows bullish momentum as indicate by my directional...
Taking a small long position on WIX, a website building platform.
Price action suggests a short term recovery, based on my own proprietary indicator, as indicated by the white arrows.
Will accumulate if the thesis pans out.
The chart of Interactive Brokers NASDAQ:IBKR compared with S&P futures.
We can see that the 2 prices move in tandem for the most part except for a period between mid till late 2018 where a significant drawdown of the SPY was preceded by a V top (inverted V) pattern where IBKR's price moves up in a straight-line run then drops almost as quickly as it ascended....
NASDAQ:BRKS Share price retraced 20% off its recent high
Based on directional and momentum indicators, a potential trend reversal is in play.
Intend to scale in opportunistically
Indicators are my own
K2: A volatility adjusted momentum oscillator
Arun: Directional indicator with proprietary smoothed edges
NASDAQ:ERIC share price dropped after lackluster quarterly and forecast
But it looks like interest in the stock has picked up in recent days.
On the daily chart,
Directional and momentum indicators suggests further short term upside ahead
Price action suggests a potential breakout backed by momentum and cycle analysis.
Stock has extremely high short interest and with earnings report due next week, volatility is expected
I'm taking a small long position and will either exit or accumulate pending price action.
MRNA has rocketed up in recent weeks
It is unclear when the share price exuberance will subside but the strategy here is to ride the trend as long as necessary.
On the chart you can see the positive and negative direction indicators represented as a blue histogram and pink line respectively
Potential long entry and exit points are shown by the...
SAP SE XETR
Volume and Directional indicators suggest further possible upside.
Indicators names and design are my own.
Makalu; Volume based indicator using On Balance and Volume Flow concepts (yellow/purple)
Arun: Directional +/- momentum indicator (blue/red)
Globus Medical reported strong quarterly results on Tuesday.
Momentum and stochastic indicator suggest short term price weakness as traders take profits.
My personal plan is to reduce holding in small increments so long as selling persists, with the
intention of buying back once the current correction is complete
Arun - A Bidirectional...
NYSE:LUV Daily chart
Southwest released Q2 results earlier today and the share price dropped 3.5%
With the quarterly out of the way this is a potential buying the dip opportunity,
notwithstanding concerns over the delta variant.
Looking at the price chart, we see a possible continuation of the existing down trend.
However, momentum indicators and long...
MMP is a major midstream with the biggest refined products pipeline in the US.
It is part of my dividend portfolio with over 7% yield and low leverage relative to the sector.
For the past month or so, I had been reducing my stake as the share price had been trending down since the June high.
However my indicators suggest that price momentum has...