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.
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...
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)
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...
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...
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...
Teledyne share price has broken upwards on no apparent news (that I am aware of)
On the daily timeframe, optimal entry point would have been yesterday. The share price has moved another 2% today.
Momentum shows positive and negative indicators moving in opposite direction, generating a classic fish tail pattern
Long stochastic (bottom) also shows...
Long idea for Agnico Eagle Mines as price of gold recovers, albeit slower than my expectations.
Nevertheless, gold price recovery narrative is still in place and you start see some miners reverse their downtrend.
One of these is Agnico Eagle Mines.
On the daily chart, we can see bullish momentum in the positive and negative directional indicators.
NorthWestern Energy, is a utility based in South Dakota ,
not to be confused with ASX:NWE
On the daily chart we see the positive and negative indicators moving in opposite directions, which I have highlighted on the chart.
Think of closing of the jaws action, like that scene in Alien 3...for anyone that still remembers the film.
Anyway, on the...
BTC on the daily chart price holding steady with neither bulls nor bears having a clear advantage
We intend to wait for further price action to develop
Technical indicators explained below
Asari: A Fibonacci adjusted exponential MA
Arun: A price momentum indicator with positive and negative direction
Makalu A volume...