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Breadth Indicators

Reversal? Low Volume & Downtrend BUT ADX rising(-DI above +DI)..I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing... My interpretation of Volume and Price: Volume Share Price Interpretation Decline Uptrend Bearish Decline Downtrend Bullish Increase Uptrend Bullish Increase Downtred Bearish What are your thoughts on GLBS ? How do you translate volume and price increase/decrease? If you have recommendations or tips - please, let me know below at the comment section. /Pat
NASDAQ:GLBS
by maga22
GBPUSD - Buy at 1.3765 and 1.3742, Stop 1.3711Against a background of bullish weekly signals for sentiment, CABLE continues to track the upper band of a rising daily Keltner channel. There was limited movement in this currency pair Tuesday but it is the buying of a modest profit taking dip that emphasises the underlying tone. Therefore, this morning’s call is Bullish fat 1.3765 but leaving room to also buy a 1.3742 dip, yesterday's low. The risk is 1.3711 with upside targets of 1.3800, 1.3836, Asia’s high, and towards 1.3878.
by alan3cA
Opening QQQ Sep 15 Bear Call Spreadwww.tradingview.com Although QQQ tends to go its own way at times, it feels like a pause with the broader market. On the Chart The price has broken a long term rally and the same on On Balance Volume w ema. Both price and OBV are spending more time below shorter averages. Note the divergence OBV down when price up and now price looking to follow the volume down. I outlined the pennant on OBV it could be indicative of a change. Guess we will see which way :-). The bottom indicator is just a histogram of OBV - weighted moving average of OBV. I find it useful to help read possible volume related triggers. The histogram crosses zero when the OBV crosses the wma. This is neutral short as there is room for the price to go up and still profit. Position: short Sep 15 144 Call long sep 15 147 Call. This is a short (sold for net credit) vertical call aka bear call spread. Theta 1.85 - all else being equal this says the position will gain $1.85 per session through net decay in premium. (Premium drops, I buy it back for less = profit) max profit loss 113 / 187. Profit target is 50-55 approx 50%. The probability of making 50% is 74% so exiting there increases the win rate, reduces exposure and frees capital for other trades.
NASDAQ:QQQShort
by Tom1trader
SBUX time to slap the sleeping bear and run!SBUX has been dropping recently. But the stock seemed way oversold and people are tired of selling. I predict that the stock will rise couple(3% - 4%) percent BEFORE earnings. I am not sure about what happen right during/after earnings release. As you can see the MACD blue line starts to bend upward, in my opinion the price will rise a bit(but not home run) when MACD blue line crosses above orange line. This is confirmed by stochastic oscillator that it was in oversold region for a while. (Look at how beautiful those two stochastic upward lines are!) Moreover this price area is the peak of many smaller domes in the past months so this should be a strong support. What I am afraid of is On Balance Volume(OBV). OBV has a strong downtrend there is a risk that this stock continues to fall. I will put a stop loss somewhere but if you were to buy now please sell before earnings. In my opinion betting on earnings is like gambling, UNLESS you did a lot of coffee research.
NASDAQ:SBUXLong
by zhengster
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