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Stock-Crypto Update (#30) : Short-Term is Boring, but TINA !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
StockMarket Update (#29) : Early Signs of ValidationHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
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Phil
The Art of Technical Analysis for Beginners part 3Hey Traders so In my last video we discussed what is support and resistance and why it is the most important concept in trading. Today I want to go over of the best tools we can use to find better trades called Fibonacci Retracements.
Enjoy!
Trade Well,
Clifford
Lumber -55% Since Call For A Cycle Top, Now Negative On The YearLumber now negative on the year. I called for a cycle top and reversal for the week of May 3-7. Top was put in on May 10th.
The Art of Technical Analysis for Beginners part 2Hey Traders so In my last video we discussed what is technical analysis and how the markets move in 3 ways. Today I want to go over some more basics about price action and one of the most important concepts in all of trading support and resistance.
Enjoy!
Trade Well,
Clifford
CitigroupSeems like XLF has been taking a brief dip. with a stochastic under 50% currently 44% I wanted to find a reasonable company that was near or at a support level on the daily, 4 hour, and 1 hour time frames. Citigroup seems like a good deal to me.
The rsi and the mac d both match on those three aforementioned time frames and I was waiting for some bullish candles to indicate a potential retracement to the upside which is why I used a fibonacci tool to retrace up to 61% of the previous high on the daily time frame. I will only purchase 1 share i case of a future crash and will be patient enough to wait a true discount.
What do you think?
AtntI like Atnt even though their annuals financials are shaky. I love the acquisition of DISCA which will take effect next year. Atnt is at or near a strong support and I like the variety of things Atnt is involved with. I feel that they are making noise behind the curtain and is also claimed to be popularly known as a defensive stock. Stochastic is at support on the Daily and the 1 hour time frame matching the green of the Mac D. Previous was broken so I set a fibonacci tool to retrace up to 61% of the previous in case I want to take profit on some shares.
What do you think?
Verizon WirelessLooks like the XLC is down today when compared to yesterday. Went from a 90% stochastic to currently 79% around noon today. I've been watching sector for the past couple of weeks. In my opinion, this company has reasonable financials with a quality product and consistent customer base.
I noticed that price was at a support a few days ago and entered a debit spread last week. However, I want to own the company so I revisited. I saw last that the stochastic was oversold on the Daily, 4 hour, and 1 hour. Everything looks the same outside of the 4 hour. I'm giving this the benefit of doubt because of the way the market opened today. Price is still at support or close by and I have used the Fibonacci tool to retrace the previous high up to 38-61%.
What do you think?
Encore Wire Corp.I wanted to make sure the Daily, 4 hour, and the 1 hour timeframe matched. The RSI needs to be oversold and the Mac D needs to be green on all time frames.
This ticker has solid financials but took a covid hit in 2019 and seems to be improving within the last 3 to 4 quarters!
I always want to make sue that my hard earned money is being invested into companies that have proven fundamental history.
This company is a copper, aluminum based company that works within the infrastructure realm and with Biden plan getting a go,I believe this company will get put to good use!
I plan on purchasing 1 share at support #1 ($65) and save my bigger purchase in case price falls to support #2!
I use a Fibonnaci tool to retrace the previous high ($84) up to 61% if possible!
I have a $75 price target.
Good luck! Let me know what you think?
AAPL double top? What to do? (Options Calendar/Diagonal)A trader on my social media is long NASDAQ:AAPL options as the charts begin to setup a potential Double Top with RSI overbought. The trader does not want to close their trade but feels the need to take some profit. In these situations I like to convert single directional options plays into a Calendar Spread or Diagonal Spread. In this video I use this real time example to demonstrate why and how this can be done.
What is it that's stopping you from becoming a better trader?In this video, I touch more on emotions and how an "average trader" approaches the markets.
I believe that we as traders get the wrong impression on how to read a chart. I feel that most traders have a strong tendency to make trading more complicated than it needs to be.
I've traded with so many strategies out there and I always tried to search for the next best thing. But the one thing that I made complicated was figuring out how to park my cash and let it work for me by following the right side of the trend.
The market is nothing more than buyers and sellers and our job is simple... Make sure to be on the winning team. One of the most common things told in the educational side of the markets is,
"The trend is your friend." - (THE MOST VALUABLE GOLDEN NUGGET")
I strongly believe that we focus on an exact price entry combined with so many other trading routines and in the long run, it just makes trading complicated for most.
You need to stay patient and let the trends play out. Filter out the noise, Take a break and let the bigger picture unfold. The confirmation will come when it is ready.
Don't put a price on it.
Don't put a time on it.
Just let the market breathe and take what it gives you.
Take care,
APPLE inc 1D analysis 23/06/21Hello everyone , as we all know the market action discounts everything :) as we all saw from the video we have multiple patterns and indicators telling us that the Apple stock is moving in a bullish way , it looks like it could be a good buy point since the price is at 133.85 , we might be looking at the price reaching the 137 range in the next few days .
Fundamental analysis :
The recent decline in Apple (AAPL) stock of more than 13% from its peak might be just what the doctor ordered for long-term growth investors. After all, buying the dip on this stock has proven to be a winning long-term strategy for investors, historically-speaking.
Those who bought the dip following the COVID-19 outbreak have seen gains of approximately 133.8% since the stock’s March 2020 lows. That’s certainly not a bad return for 15 months’ work.
Investors in AAPL stock seem to come for the growth, but stay for the innovation. Indeed, Apple’s next “big thing” is always right around the corner. Accordingly, this is a stock that never seems to fail when it comes to aggressively tackling new segments.
The next “big thing” investors seem to want to see is an Apple Car. Entire websites have been set up to discuss rumors around what’s potentially going on with “Project Titan” and Apple’s work on autonomous driving technologies. (Chris Macdonald)
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