AXTI a penny stock in the semi-conductor supply chain business saw a great price gain this past week going more than 65% The call options ran 2000% on Friday along. On the 15 minute chart, I see signs it is in high overbought territory and setup for a reversal. Price fell below the longer of the two paired Hull Moving Averages which death crossed. The price...
REX hit a 52-week high after an analyst upgrade. Was this enough to justify a 12% increase in a nonvolatile business, the ethanol production business to support its addition to gasoline to combat air pollution and so global warming. Production and so revenue is not accelerating although it may be a bit seasonal during the summer driving and vacation season. On...
Currently working on small coding project. An algorithm that filters stocks from the TSX, TSX Ventures and CSE who’s price closes below the lower Bollinger band (80). I’ve been reading some of the work from Matt at Trader University and he calls it the rubber band stocks. Even though the purpose of this project is merely recreational, it got me thinking of a few...
I’ve been following Matt’s work from Trader University. In his book he goes into detail about this simple, yet interesting strategy. The strategy consists of buying when the price closes below the lower Bollinger band (80) and selling once it closes at the middle band. He usually holds for a few days or weeks, so this trade will be oriented towards swing trading....
We are witnessing some exhaustion in the uptrend movement, we are going to test the green trend line. after we touch the green trendline, check if price bounces or breaks it, even though we believe there's more chance to break it. its gravity... powerful law. enjoy
$SPY - from our analysis on the 18th, we talked about the $283 area being a key area of resistance. Bulls wanted a consolidation under this level to allow stochastics & pullback from bollinger band pinch. Still hanging out in this range going into next week. Key support levels on watch - $280 (20MA Daily), $276 (200MA Daily). Before we see a clear direction in...
USDCHF short gauge the momentum before entering using rubberband man.
The RSI is below 10, so the stock seems oversold, it could look like a good rubber band pattern if the price was not UNDER the 200-day MA. So is this an anomaly and the stock is going to snap back up? Or, on the contrary, is it going to go further down? What do you think?