I love how beautiful and elegant the TD Sequential has been working on $KWEB. I am looking for a 9 buy to add to my $KWEB positions and some Vietnamese stocks as well.
broke new high, 7 year high, quite significant. Although looking back at history, when oil breaks significant high like this, it won't go right away. it might make massive retracements to make you think that it's done, but its not. Plays I'm looking at to play #oil: $USO $DVN $OAS $FANG Not sure which one yet.
>80% down from the high. No matter how crappy they are and no matter how terrible an investment environment China is, as a trader these bounce can be a good short-term play. I'm looking at $DOYU and $HUYA. If they can make some small red days I'm gonna take a chance at a long. I have been burnt catching these dips before on $BABA and $PDD. Not planning to hold...
Vietnamese stock indexes are making 3 cups. Those following Mark Minervini might call this VCP - Volatility Contraction Pattern. Vietnamese economy is making progress towards reopening, the stock market might benefit. The final cup provides a clear and small stop loss level. Traders can trade $VNM to take advantage of the pattern. Price did not necessarily...
$AMC is building a nice round looking base. So far so good. I like the 12.5% extension add here. The longer the base the better. I anticipate another high or fake breakout and make another round cup. That would be an ideal add.
Someone on twitter notified me of the oil trade. Big thanks to him! Oil does look bullish, but we are currently at previous resistance. Moreover, price have reached the 75% extension from the impulsive move off the low. From my experience, that's usually where the run starts to slow down or reverse. Yes we can have a full and complete 1 to 1 measured AB=CD move...
not really have a good feeling about this rally. Sold all my $DOGE. Back to no position. I have seen this formation before, where a massive impulsive drop followed by a bounce then another drop then a bounce right into the 25% extension for last chance selloff. This was $ETH in 2018: Same setup. Since I'm a little skeptical I won't touch it until price shows...
$CRWD wannabe. I like the chart. Printed a 9 buy at previous resistance turned support, 0.786 retracement bounce. Has technical going for it. Another name that would benefit if the indexes bounce.
Very strong impulsive move on coal. Combo 13 might put a pause on this run, however I will update if price makes a shallow pullback and gives a nice 25% extension buy. Impulsive moves like this provide great opportunity. The China's energy crisis might last for a while so energy-related commodities can make another leg up.
I love it when stock bounces with wicks at 25% extension of impulsive move. If market looks strong $SKIN will be something I play
I have done some research on IPO reversals: they tend to happen around 50% off of IPO high. $CRSR did have a hype craze to it. Gonna put it on watch alongside $QQQ and tech stocks. Did not surpass lowest close $25.61 yet. Double bottom at play.
Nice V shape recovery. Ad-tech business. Printed a 9 sell above TDST resistance, indicating a continuation to sequential and combo. A good candidate to trade long if the market finds a bottom
I used to do a lot of harmonic patterns analysis. Not so much now but I do notice one if it pops out clearly on the chart. And that’s when they work well, big massive pattern that fit the ratios closely. In $COIN I see this Gartley having close to the gartley fib ratios. The D wave down is a bit steep but its around 0.786 of XA. We can watch for a trade long here...
as long as we don't see a close below that big bull candle I'm quite positive on $HOOD. It's one of those 50% off the IPO high play. It's in a hot industry as well. Nice relative strength today compared to the $QQQ. This day 9 is not at the high, I call it the consolidation 9. Consolidation 9 imo is bullish. It is below TDST resistance so that is bearish. I have...
daily 9 sell. Stats say its an okay short for 2-3 days
I'm a bull on $PLTR. Have position average $26. I see $30 being first resistance. Trapped bulls can put their sell orders there.
I have done a post in the past discussing how after a massive rally, if price makes a 2 legged pullback where second leg breaches first leg, the pullback tends to end around 75% extension level of the first leg. If instead the pullback is a AB=CD or 1 to 1, I would start to consider it as a steep pullback and stay out. However if price ceases to drop further it...
I'm a big bull on $AMD. Already exited all my position from the 9 buy on July 19. I am looking to re-buy around current area. The stock has been making a 2 legged down move. My experience says, after a big impulsive move that breaks multiple highs, the pullback IF it is a 2 legged pullback, its second leg would end around the 75% extension of the first leg. Not...