NYSE:ABT momentum and cycle analysis suggests likelyhood of a near term reversal of the current downtrend.
A commentary using NASDAQ:MSFT chart A multi-timeframe momentum indicator of MSFT is shown. As the arcs demonstrate, each time the + and - angles diverge, a strong trend ensues, and lasts until the angles begin to converge. This method highlights the value of segregating price action into its sub components. This momentum oscillator is created by...
NASDAQ:RARE chart shows strong short term momentum in what could be a reversal of the existing downtrend. Althought price actions suggests a possible long, volume (oscillator) is weak suggesting a strong possibility upside could be capped. As such no trades will be considered here. Now I should note that volume can sometimes be misleading and it is plausible...
NYSE:APD released its Q2 results yesterday. I had bought earlier in the week betting on a technical reversal. Share price tanked in market hours trading and I was mentally prepared to cut my losses. However, today, share price is currently trading in the green and affirms my previous bullish thesis. Upside momentum is sustained and volume is healthy. Will...
NYSE:DT chart shown on a multi timeframe momentum indicator. We like the chart for 3 reasons: 1. Momentum indicator making parabolic curves, one of the strongest signals in our books. 2. This is the second move up following a failed breakout attempt in early April. 3. Rising volume. Its peers NASDAQ:DDOG and NYSE:ESTC also showing strong price action.
NYSE:CWEN Taking a speculative long position base on price action. On the daily we see the price attempting to break out to the upside only to fail on each of the previous two occasions. What is different this time? The answer is multi-timeframe analysis. Here we see the same indicator aggregated across multiple timeframes overlayed over the 2-day chart....
NASDAQ:TSLA gapped up today signaling a potential trend reversal. However, volume is weak as shown by the volume oscillator. Will wait for further price development. Volume here is used a trade filter. It is possible that price continues to move higher as the daily chart alone does not portray the full picture.
NYSE:MCD Multi-timeframe analysis indicates strong momentum on to the upside giving a higher probability that a trend reversal could be in play. On the daily, we see short term bullish price action confirmed by volume (denoted by the highlighted circle. These charts in combination allows us to initiate a trade to the long side.
NASDAQ:TSLA showing signs of a reversal on the daily chart. Momentum indicators (middle) suggest strength to the upside although volume (bottom) is weak and for this reason I will remain on the sidelines at this point in time. PS. The volume indicator is a proprietary oscillator that combines both Chakin Money Flow and On Balance Volume Flow concepts. It is...
A retrospective analysis of a long trade using NASDAQ:NVDA Recently, we have seen many articles arguing that the market is overvalued, the bubble is giving .com era vibes and so on. Whilst there is certainly some truth to such claims, these statements stem from emotional outbursts based on fomo, fear and not knowing where the market is going. As...
Taking small long position on Nestle based on mometum and volume trend reversal. Waiting on 3-day chart for confirmation before consideriing to add to my position.
Nokia taking an initial counter trend long position on the assumption that price has bottomed in the short term. Will update accordingly if the situation changes.
For counter trend or trend continuation plays, I look for the closing of the "Jaws" or in the case of NYSE:CCI , the Megalodon. The entry has to be backed up by rising volume. As a general rule: 1. the higher the angle of attack, the stronger the move 2. preferrably a parabolic curve (as this indicates that price has undergone prior development between bulls...
Over the past 2 weeks I have taken up positions on a few US regional banks including NASDAQ:WSBC , NYSE:TFC , NYSE:USB , NYSE:KEY They are relatively small positions given the concerns over liquidity and interest rates. However the chart is looking bullish on all timeframes up until the weekly so there is some big money involved. For US banks I prefer...
NYSE:UPS is up 2% today. It has hit my expected resistance so I have decided to take profits. As shown in the 3-day chart, we have good momentum to the upside but the volume oscillator is trending down. Note this is not bearish by any means, it only suggests that price action may be capped in the near term. The 3 day chart is presented here based on my own...
Taking an initial long position based on directional indicator and volume oscillator. Potential to increase the position based on higher timeframe
Waited until Jerome Powell had finished speaking before taking any trades today, Started the day with a new position on APA. The ong entry trade set up is as follows: 1. Directional indicator are moving in opposite directions at an angle (pref > 35 degrees) 2. Volume osciallator (Chakin money flow and On Balance) is increasing 3. Resistance based on higher...
Taken a long position prior to the Q3 results. On the two day chart, I am waiting to see if price momentum can be supported by volume (indicated by the 2 highlighted circles). If it can break resistance to the upside, I may consider to add to my position. If not I will exit with a very small profit.