Dollar Cost Average your ONT.Hello my fellow Coco Jambo's!
Remember the post regarding ONT?
ONT almost went to the moon and was unstoppable, but we never buy tops! We need a historical chart to predict future outcomes.
ONT followed my Coco Lines exactly like i wanted to and I just love it when a plan works out!
MacD isn't showing a reversal yet, so we could go down further.
Goodluck trading!
Dip
58.COM - $WUBA - Dip Buy - Quick Swing TradeLooking at $WUBA's last earnings (beat $0.12) and revenue (beat $22.26M / +36.4%) on 5/24 - I see that it is currently trading below the 2x standard deviation band on the linear regression line. I'm going to monitor for entry in the next couple of days and scan for news related to this company. Looking to swing trade some Calls as it re-enters the linreg bands.
Gardner Denver Holdings - $GDI - BTFD! - outside of stddev bands$GDI - Looks to be far out of the linear regression 255-day - 2x standard deviation band. I haven't found any negative press upon an initial screening, so I'll prepare tomorrow morning to search in depth to find more news / catalysts. Otherwise, I plan an entry into some calls while I BTFD.
6/14/18 GDI is going to perform a presentation at a conference. I'm assuming it's not a big deal or major catalyst, but who knows.
MKSI Instruments - $MKSI - Dip$MKSI is trading far below the 2x stddev on the linear regression 255-day chart band. I'll be monitoring this one for the next few days, scouting an entry. I haven't found much news with a preliminary sweep, so I'll be aiming to buy calls before their next earnings report.
BTC: Beautiful shortHey everyone. Have to take the time to thank a fellow trader for making an awesome observation. Bitcoin was moving sideways yesterday but was showing a "barbed wire" style movement; pretty crazy wicks up and down. He identified that the last several times we had barbed wire we went down. I opened a short with a tight stop with a full 1.0 BTC and was able to close it at a $710 difference. Not a bad profit for a Sunday morning. Surround yourself with intelligent people, and always verify sources and for yourself.
Post consensus downtrendA little late with publishing this TA but is still fully ongoing
It seems that most expected an immediate bounce after the Consensus Summit 2018 but this didn't happen, e
From a fundamental stanpoint there are mostly good news but we lack volume and big investors
Some hours ago price broke a daily support @8240, entered in a bearish scenario and confirming the falling wedge that could bring down to 7700-7300$ price level
If we take a look at the weekly chart, price could touch the 50 SMA around 7700$ with a short spike down to 73xx$ where a weekly support is present
In that case we could have a possible oversold on the daily chart and reach the 0.768fib, a strong point for leading to an accumulation/lateralization phase and then a change of trend
A price lower than 0.768fib should anyway cause some concern and we'll have to look carefully at the triangle bottom trendline and watch for some panic action.
A good time for placing positions but using small allocations at least until a strong long signal is identified!
AMAT - Buy the post-earnings dipThe fundamentals:
Another quarter of solid growth for Applied Materials, who provide equipment used in semiconductor fabrication. While investors cheer on (the now overbought) MU, AMAT also has room to grow. Even if growth appears to be slowing, this dip puts it at a good price.
The technicals:
RSI(15) is just under 50, meaning it is neither overbought nor oversold. The current price is also in the bottom half of the Bollinger Bands. EMA50 has been decreasing for the past 2 months, but remains above EMA200. Implied volatility (IV30) is around 30% for options.
The play:
Long under $52, targetting $58. Buying calls can be a good play while volatility is relatively low. You can also sell covered calls
Graphic Packaging Holding Company - $GPK - Quick Dip SwingWatching $GPK for significant increase after the $0.02 ER miss. I'm considering the dip qualified since it holds far below the 255 day linear regression 1x stddev bar.
Their Revenue was in-line and the miss on earnings was rather small. I'm looking for a push up to at least my Price Target of $14.80.
I purchased $15 6/15 calls on 5/14 and expect to sell at my PT.
I don't expect major catalysts / news from these guys, I'm just looking to swoop this dip with a little bit of leverage.
Constellation Brands - $STZ - Dip on hot growing stock! I'll be looking for confirmation of continuation of $STZ 's bullish growth before buying in, but this one's on my radar.
Ex-dividend date of 5/10 likely didn't help push it much higher in the past few days.
There is a catalyst in the works though -- not only are earnings to be reported on 6/30/18 but they are invested in Canopy Growth (Canadian cannabis grower) whose stock is to be listed on the NYSE in the near future. From what I found they have a 10% stake in Canopy Growth. Either way, I look forward to the run-up towards earnings. I'm going to wait to exit some other positions then go ahead and pick some calls, likely for 6/29 or so.
Raytheon - Buy The Dip - Sell the TrendRaytheon had a nice earnings beat and the price took a tumble. Hopefully we will see a return to the previous growth trend (shown with Linear Regression @ 250 four-hours).
I've seen two articles on Seeking Alpha screaming the same thing I am:
BUY THE DIP!
The 'rate of change' graph shows RTN rate of change vs. SPY rate of change. It's just a script I'm working on right now.
SeekingAlpha articles:
seekingalpha.com
seekingalpha.com
Bitcoin will repeat the history !!! (? ? ?)Hey fellas
Look at this chart! doesn't look familiar for you?
I had a TA about comparing BTC and NDX market crash before which you can find it here ( ). But this time i want to zoom in and take a closer look. This is part of NDX (2000) crash. we are in 2018 and NDX made an ATH again in 2016. So there is no argument that BTC will reach and pass its ATH anyway; BUT in the current situation our big question is " WHERE IS THE BOTTOM ??? "
If i want to be honest with you, In my opinion we didn't reach there yet. I chose this specific part of chart for you to compare it with another chart of BTC in below. lets see we can find a solution or not!
look at the every single LH and LL that BTC made in previous 3 months and compare it with Nasdaq.
As you know technical analysis is based on three assumptions:
1-The market discounts everything.
2-Price moves in trends.
3-History tends to repeat itself.
Why we are saying history can repeat itself? because people's psychological moves can be same in similar situations and in financial markets we had so many bubbles like Tulip mania and bubble dot com and so on. As you know most of bubbles making similar patterns too. BTC's last year move was like one of those patterns and every body were talking about it. now we all know the bubble is bursting, So if you are worried about your investment i want to tell you there is nothing to worry about but if you want to protect your capital you should find a good point to reenter the market. The best place for reenter to market is where we don't see the downside movements anymore.
With all that said my vote is for going down until we see a good volume and good buying pressure in the market where the big money and smart money comes in.
Be warned this is my personal idea and i will monitor the market every day and wait for the results.
Peace <3
RSI showing overbought. One last big dip coming!Daily RSI is showing overbought, which was expected. I'm in the opinion that we might see a short dip back down to 6500-6000 as some investors may take profits off of this little pump to pay their taxes. But after this dip, and after the 17th, I expect the money to come pouring in. Especially with the big boys in the market now that the OTC buys aren't available, causing them to have to go to the exchanges to buy in bulk.
BNB's last dip?Greetings!
If Double Top pattern occurs ( we need to see the retrace to the neckline) and, BITFINEX:BTCUSD completes its correction at 7.2 - 7.4 and starts new wave - BINANCE:BNBUSDT would complete its DT pattern. I believe if this happens, that price would be the bottom for BINANCE:BNBUSDT
In the long run i belive BINANCE:BNBUSDT will shine. If this analysis comes true it would be a great time to load the fuck up BINANCE:BNBUSDT ^^
It would be great if you guys share your ideas on this one. Cheers & always wait for the drop! \m/
CORRECTION OVER? BITCOIN BREAKOUT April 9-10th?Here you can see a chart of Bitcoin. BTC is currently in this location however if you look really close we are accumulating in this zone which tells me that we could be breaking out should Bitcoin's price action slide to the right into March Resistance. The next Resistance we'd run into is roughly $8000 USD and then back down a bit until we breakout of the main resistance that we have been fighting all of 2018.
For the bears, the only shot they have is for Bitcoin to make a massive drop this weekend before the breakout into the blue shaded zone. Very important for the bears. I am confident the bears will lose this and the bulls will regain their strength very soon. It is a matter of when not if.
This very simple chart will show you how critical the price is right now and how important it is for each side to put the price where they need it. Bears in my opinion have the least chance of making their move. The lowest Bitcoin can go is $6500 based off this chart however I won't rule out a double bottom at $5900 but that would mean a break of this key support going back to last Fall. (2017)