Khan's Chart-Requests 04 - TTCFI usually don't use Fibonacci-Retracement in my public ideas, because the use is very individual and it can confus other traders.
But with $TTCF we see a nice point-blank pullback to the 50% Area, now with the additional support of the 20 EMA on the Daily.
In my opinion it needs to hold this area, if it breaks down re-evaluate and look for the median-BB as next Support
Chartrequest
Khan's Chart-Requests 03 - $HEN3 | $HENKYContinued downtred, but stron buying-volume at €78 - i would take that as Support-Area and cut below.
You could start a small position at current levels, i feel more confident if we re-concuwe EMA 20 / MId-Band
Did You Know NFLX Is In A Range? When Will It Break Out?This is a WEEKLY chart of NFLX.
Did you realize that Netflix was in a range? You may not have if you didn't step back and look at a Weekly (or longer) chart. It is amazing to me how things seem so much clearer when you step back and look at the big picture.
NFLX has been in this range since late 2013. Since then, when the stock comes down to the $320 area, it turns higher. On the other hand, when it gets up to the $480 area, it turns lower. How can you use this info to invest (or trade) in NFLX? If you want to go long you could buy close to the $320 level. If you want to go short you could do it around the $480 level.
Someday the range will be broken. No one can tell you when that will happen. But it WILL happen. Will there be a hint of it happening? Probably yes. Let's agree that the $400 level is the middle of the range. If NFLX can stay in the top half of the range (above $400) for a period of time then the chances it breaks above the range get higher & higher. If NFLX stays in the bottom half of the range (below $400) for a period of time then the chances get greater that it will break below the range.
There are two inner levels of the range that caught my attention. Those are the $380ish and $420ish levels. The $380 level has acted as resistance at times and the $420 level has acted as support at times. Lets say you were long NFLX from the end of January, when the stock hit $480 you could have sold some of your shares. Why would you have done this? Knowing the $480 level is the top of a range means the stock MAY turn lower in this area. If you did sell up there, you could reinvest that money back into NFLX around $420. Personally, I don't mind paying the commissions in and out to save $50ish dollars a share...
Maybe you are invested in NFLX for the long term. Maybe you don't have any desire to sell some at resistance and reinvest at a lower price. That is ok. Let's look at the four lines in the range in a different way. Which levels tend to act as support (levels where the stock turns higher)? The $320 and $420 levels. So if you want to add to your position, you should do it at these levels. They may not be the perfect level every time but there is some history that tells us these levels are good support.
Do you have a "range bound" stock that you bought for your kids and you wish you knew a good time to add to the investment? Do you own a stock in your retirement account that you would like to add to but you are not sure when to do it? This kind of chart analysis can help you with those decisions.
If you want me to draw a chart for you just give me the symbol of a range bound stock. I will post the chart here.
I Want To Draw A Chart For You...
AAL - A Chart Requested With MannersI will start by saying that I believe manners are important. It is a shame that so many people have forgotten they exist.
I want to thank the requester of this chart, a complete stranger, for using his manners :)
Let's move on the the request for a chart of AAL.
Back in late 2013, AAL (the stock) was just getting started. The stock created a double bottom in the first month. After that it was off to the races. All the green circles on this first uptrend line are places you could have began a position or added to your position. Notice the two red circles at the top of the uptrend line? Those are there because I would say that is where the downtrend begins.
The first red circle is the first time AAL "closed below" this "adjusted" uptrend line. It only took AAL two days to get back above the uptrend line. This action kind of negates the fact that it closed below. But those of us who watch stocks know this may have been a precursor for things to come. The second red circle is when the downtrend actually begins.
AAL stayed in this downtrend for about three months. There were several places you could have gone short if you short stocks.
In October of 2014, AAL gapped up over the downtrend line. From there it ran all the way to the old highs of about $44.50. It danced along the resistance line for several trading days before gapping up again. This time the gap up led to a choppy mess. But there is no way you could have seen that coming.
After the second gap up, if I was making good money in AAL, I would have adjusted the uptrend line to where you see it on the chart. The original trend line would have been steeper. It would have touched the bottom of the candles just before the gap up over the resistance line at $44.50 ish. This adjusting of trend lines isn't for everyone. I will do it if I think a stock may continue higher AND I am already making a fair percent return on my original investment.
At the top of the uptrend line you will notice a red circle. This is the first time there is a close below this uptrend line. Even though AAL wound up going higher from there after a pullback, I probably would not have been involved. I am pretty consistent about getting out of the way when one of my trend lines is breached.
At the all time high (January 2015) you will notice another red circle. This is really where the downtrend begins. I only know this because time has passed and there are more candles to evaluate. In February you will notice another red circle. AAL tried to rally back to the all time highs and failed. This failure allows me to draw the downtrend line. I extended it to the extreme right side of the chart because I would say price is following this downtrend line for now. I like to say the downtrend line is in control at this point.
Notice the word "wedge" on the chart? AAL will break out of that wedge at some point. Either above the downtrend line or below the support line at $46 ish. When the price breaks the wedge & closes outside the wedge, you can follow it if you choose. The chances are good that the stock price will continue in that direction.
I hope this chart helps. Thanks again for requesting it.
I Want To Draw A Chart For You!
Put your requests for a chart in the comment section of this idea. I will post them as I have time.
