Stageanalysis
WPX WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. It produces oil, natural gas, and natural gas liquids. The company operates 688 wells and owns interests in 787 wells covering an area of approximately 122,000 net acres located in Delaware Basin, Texas, and New Mexico; and operates 404 wells and owns interests in 104 wells that covers an area of approximately 87,000 net acres situated in the Williston Basin, North Dakota. As of December 31, 2019, it had proved reserves of 528 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Tulsa, Oklahoma.
Beat earnings estimates last 3 quarters. Energy Sector
stage 2, wk 2, 61.5% from resistance; 39.7% from ma; (50% of sector in Stage 2)
APPS Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application advertisers, device original equipment manufacturers, and other third parties worldwide. Its software platform that enables mobile operators and OEMs to control, manage, and monetize devices. The company also provides programmatic advertising and targeted media delivery services; and other products and professional services directly related to the core platform.
Corporate Governance
Earnings growth yoy: 275%
Qtly: 33%
VCP 6W 40/12 3T
Stage : 2/27/1%/52% stage 2/ 27weeks/1% from resistance/ 52% from MA
NIM CRYPTOCURRENCYThis for educational purposes. Not intented for investment advice. Using Stage Analysis to study a potential breakout. I did this for my son who is a cryptocurrency miner and has been mining Nimiq.
This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame.
NIM is in a stage one consolidation. It is trading below the 150 EMA . The 50 EMA is below the 150 but both are starting to trend sideways.
If it breaks above the 150 EMA on large volume , that would be the text-book entry according to stage analysis. ( Stan Weinstein) Setting an alert for the .003 cross over.
GBTCPlease understand this is for educational purposes only.
Seemed to form a reverse head and shoulder pattern.
50 and 150 EMA are trending upward
In stage 2 uptrend. (see Stan Weinstein Secrets for Profiting in Bull & Bear Markets)
First entry taken when broke out from August highs
Second entry when it broke out of a continuation pattern
Third entry, breakout from from July 2019 high
Bitcoin is on the move with media attention which seem like a repeat of 2018. When CNBC starts placing the Bitcoin ticker along with the
Dow, S&P and Nasdq; and the "talking heads" begin saying it's going to 100,000, then its time to scale out. LOL
Although I don't usually place targets for my trades, as I don't have that skill-set yet, I am looking at 1st Target 30.00; 2nd Target 40.00
I plan to ride this one until I get stopped out or the it begins to roll over.
ETH/USD COINBASEThis is not investment advice but is intended for educational purposes. Just a study of chart patterns.
Chart patterns for educational purposes:
EMA 9
EMA 50
EMA 150
YTD AND DAILY
Study: Pendants and Bull and Bear Flags; Breakouts; Stage Analysis; Volume
Ethereum looks to be in stage 2 uptrend
comments welcomed
OIL PRICE BULLISH RALLY MUCH EXPECTED TARGET NEAR $40Technically
- The price has retested the channel support which implies that there is a possibility for pull back.
- Also the momentum is still strong as can be noticed from MACD 4C
- The 30 period MA is sloping upward
Fundamentally
- The economies are opening up from Covid19 pandemic which will likely boost demand and Oil price
- On the supply side, the crude inventories are also declining on weekly basis which is also good for oil price.
I have initiated a long position at current price with first target around $39.50
EURJPY pointing to advanced stage 2; 'Bullish in the mid term'I have employed Stan Weinstein stage analysis for EURJPY on weekly chart, and i have observed the potential for the pair to head upward.
- The chart is currently crossing 30 weeks moving average
- The volume has improved recently
- The relative strength has also improved.
i therefore biased for strength in EUR against JPY in the medium term
Short SPYNot trading or financial advice!
My trade idea is to short the SPY at 273.
Stops at 290.
Target at 220.
Risk reward is about 1:4.
Long term moving averages indicating a downtrend. Price retraced into an ideal fib retracement zone and has been rejected back down out of it. My thoughts are that we will retest the recent low.
My ideal way to trade this is to buy July 17 2020 puts. Take profits at the target zone.
Stocks We Love For The Week Of October 22nd 2019Newsletter: chasingstage2.substack.com
LONG $XLMBTC $LSCC $SONO $TERP
SHORT $OKTA $TWLO
2019-06-08 KL Pullback buy chance after huge run of last weekIf the price pull back to the around $47 which will be the previous downward trend line support and also the 20 day EMA support. It should be a high probability trade.
Can scale to 1 hour time frame to spot a short term trend line break.
Good stage 2 continuation buypassing $47 seems a good break of the stage 2 consolidation trading range. But watch out the rough market condition
boom stage 2Watch for volume to pick up for upside confirmation or wait for pullback for entry if volume does not materialize. Maintain upward MA slope and green mansfeld and you are good to go for Stage 2 uptrend with ZERO overhead supply to rein this in. One of the better looking stage 2s in the market imho.
BTCUSD Bullish Long-Term [Weinstein Analysis]For those of you unfamiliar, Stain Weinstein is a legendary trader.
His book, "Secrets For Profiting in Bull and Bear Markets", is one of the very few books on my must read lists for traders (new and old).
You can get a quick summation of the strategy to make sense of the points over here: www.nextbigtrade.com .
Line that up with my start on what I see the Bitcoin chart lining up as and you'll see why I'm bullish BTC here. It seems to be basing here...it's not necessarily passed stage 1 or even ended stage 4. Seems to be like we're back in stage 1...so hold (or "hodl"..gah i hate saying that but meh its a term these days) or re-enter with small positions and wait for stage 2 confirmations.
Any questions feel free to ask.
Cheers,
-dros
200-day Mansfield relative strength index for stage analysisAs per Stan-Weinstein's book The Secretes for Profiting in Bull and Bear Markets, 200-day Mansfield relative strength index is an important indicator to determine the stage of a stock. The basic calculation is using the close price of the subject stock and close of a benchmark index using the following formulae:
a - subject stock
b - benchmark index
SMA (x, p) - simple moving average of x over the period of p
MRSI200 = (( a.Close / b.Close ) / SMA (a.Close / b.Close, 200) - 1 ) * 10
Strong bullish sign on LAC. Consider entering on its pull back in the range of 1.3 - 1.5.
WPPGY longterm short IdeaWPPGY started topping out (Stage 3) about a year ago. While retesting support around 98 the consecutive rallies didn't have enough buying power to reach the previous one respectively. During the same time the 150d SMA started turning down. Beginning of october we saw a breakdown through the previous support level with two big volume days. After a rather big move, WPPGY pulled back a little more than 10% to its initial level. on rather low volume.
This earlier support has the potential to act as resistance now and an intermediate trend turning downward represents and ideal entry point to this trade. Yesterday might have been the start to this reversal as we saw a pretty big shooting star candle.
I suggest a stop-loss right above 107, this would be a loss of about 9%.