Hit profit goal last night around 1am. Of course it kept running and we could have made a huge profit. But, the goal is to catch the wave consistently not squeeze every ounce out of every trade.
V gained momentum in January as it announced new displacement technology for 2020. The stock has a Professional Trader setup for triggering High Frequency Trader algorithms, which ran the stock up with momentum. Profit taking quickly halted the run temporarily with a gap down. Smaller Funds VWAPs triggered on the Buy on the Dip, which created another 4 days of...
IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.
ACN bounced up off of support for swing trading and is showing stronger upside volume. Profit-taking started as the stock reached a new all time high.
Traders, DXY (Dollar index) completed a pattern few days ago and the first target of that reached today at 38.2 Fib where a lot of profit taking suddenly raised DXU up causing other USD pairs to fall. This was expected and was also evident from respective harmonic patterns on these pairs. Please hit the like button and drop a comment if you like this analysis.
A commonly missed trendline pattern is the bending that occurs in a momentum trend as buyers begin to disappear. Profit-taking by professionals can create a sudden surge of selling, which can easily drive price into a retracement or correction. Speculative price action is riskier to enter at this level as the runs are shrinking. SWKS may have more speculation but...
MSFT has an extreme deviation pattern for its business cycle. The Detrending Price Oscillator Indicator for cycle analysis shows an extreme speculative price mode is underway. Risk of profit-taking by Professional Traders is increasing as the stock continues to climb speculatively.
CHTR has moved with momentum to a new all time high. The stock is experiencing some profit-taking by Professional Traders at this time.
After earnings news, JPM had a strong run up; now, it is stalling as Professional Traders take profits at the new high.
High Frequency Traders gapped INTC up on earnings news. Pro traders are in the mix. The previous resistance level is a profit-taking technical level for the professionals, who entered before the High Frequency Trading gap.
CAT has a Buyback style momentum run that encountered profit-taking by Professional Traders recently. The vertical Angle of Ascent™ was too steep and ultimately technically unsustainable.
I wanted to share this beauty of a chart by the team at Monero. I love geometry, shapes, waves and everything else in between. I wonder where it will head to next...A, B or C? ;) At Purple Crypto Premium, we have had a ripper of a month in September of precision trades with on-point signals. Total trades: 3 Profiting trades: 3 Losing trades: Nil TOTAL RETURNS:...
Buying at the strongest support level,ripple bounced back several times from here. A high probability trade with 2 profit taking positions.
AXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.
CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.
Ctrip.com International has been in a retracement for over 2 weeks. It is now holding at a support level, and indicators are strengthening. This may result in another run. The retracement is due primarily to profit taking.
PAYX had a strong earnings report and continues to climb upward slowly making new all-time highs. The completed double, aka W, bottom is a short-term bottom formation that provides moderate to strong support if more profit-taking occurs.
ADTN broke through moderate resistance to confirm a completion of its short-term bottom formation. ADTN has a previous all-time high of approximately $47.00. Profit-taking is likely as it nears the resistance from the lows of the prior sideways pattern above the current price.