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Schwab Set For Quick Bounce? Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 9, 2021 with a closing price of 73.0. If this instance is successful, that means the stock should rise to at least 73.65 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.444% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.3515% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.7635% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.75% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12.5 trading bars; half occur within 25.5 trading bars, and one-quarter require at least 35.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SCHWLong
by StockSignaler
3
Illinois Tool Works To Buck Trend and Move Up?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 8, 2021 with a closing price of 221.85. If this instance is successful, that means the stock should rise to at least 223.5 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.612% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 3.67% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 5.9855% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 11.5 trading bars; half occur within 24.0 trading bars, and one-quarter require at least 33.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). The bonus analysis is explained...
NYSE:ITWLong
by StockSignaler
Trading Plan after the breakout on NETFLIXToday we will speak about NETFLIX. These are the main elements we can see on the chart: a) The price has been inside a consolidation of around 420 days. Now we have observed the breakout b) Based on that, we want to see a 7 days correction (at least), and if that happens, we will set pending orders on the new ATH and stop loss below the correction c) The expected duration of this setup is between 150 and 200 days. d) The risk we will take here is 1% of our capital on the stop loss. e) We have seen in the past scenarios like these ones where we have an execution followed by a stop. If that's the case, we know we will set new orders in that case. In other words, we are planing a 2nd execution in case of failure in the first one. Thanks for reading!
NASDAQ:NFLXLong
by ThinkingAntsOk
2
Stocks Finding Support??Stocks have been gradually trending downward since highs at 4545. We have broken through several levels of support including 4521, and 4504. We finally found support at 4487, to the tick. We've called out this level many times in the reports. This would have made a nice level to buy back at least for a quick scalping trade. Currently we are testing 4504 again from below but are facing resistance. The Kovach OBV is gradually tapering up. Watch for momentum at open, but we could see some bull momentum. The next target is 4521, then 4545. If bear momentum continues, watch the vacuum zone down to 4462.
FX:SPX500Long
by quantguy
Stocks Tumble, Find SupportStocks fell from from the range they were holding between 4521 and 4545. We anticipated a break out or break down as they had been holding this all last week. We caught some support at 4521 and made an attempt to establish value here, but another wave of selling took us to support at 4504. We should find support here but if we see another wave of selling, 4487 will be the next level down. The Kovach OBV has turned sharply bearish, reflecting the selloff. However we have two green triangles on the KRI suggesting that 4504 is likely to hold for now.
FX:SPX500
by quantguy
Can Stocks Sustain Highs??Stocks have been ranging between the 4521 and 4545. They have been ranging for over a week now. Observe the red triangles at the upper bound of the range from the KRI indicator, and the green triangles at the lower bound of the range. These mark perfect entry points for range trading. We are flirting with new highs, so it is highly likely that stocks will breakout, one way or the other. We will see if they have the momentum to sustain ranging at highs, or if they will retrace. If so, 4504 and 4487 will provide support. If we breakout, then 4564 is our next target.
FX:SPX500Long
by quantguy
1
KO making a corrective formation against the ascending trendlineToday we will speak about The Coca - Cola Company. Main items we can see on the chart: a) The price is making a corrective formation (yellow lines) b) Currently that structure is supported on a previous resistance level + the bullish trendline c) The next resistance zone we have is the previous ATH. That's why we are gonna use that level as a target d) Our main view right now is: IF the price reaches the green horizontal line, we will take that as a confirmation for the bullish movement towards the next resistance level Thanks for reading!
NYSE:KO
by ThinkingAntsOk
2
How we will trade MDLZ. Full explanationToday we will speak about Mondelez International. Let´s see the conclusions we can make on the chart: a) The price is inside an ascending channel b) Currently, the price is close to a key support/resistance level which makes convergences with the ascending channel c) That's a key level we want to observe contact. That would mean for us that the current Flag Pattern is perfect d) If that happens, we want to observe a bounce. The green horizontal line represents our activation level, where we think it's a confirmation of the bullish movement. The main target we will use is the 2nd fibo extension level which is the same as the higher trendline of the expanding channel. e) the First level of the fibo extension in our experience is a good place to move the stop to the entry-level if reached. (risk-free situation) f) The risk we will take on this setup is 1% of our trading account on the stop loss area. g) This movement can take between 150 - 200 days.
NASDAQ:MDLZLong
by ThinkingAntsOk
2
AMC breakout rejected, trading in down channel... for nowSo AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73. I think we need to complete this triangle pattern before another parabolic move up, we have a few converging signals here: - Meeting the 200 day MA which is skipping along the trendline nicely - November 8's earning call which will hopefully give us some good news regarding BTC acceptance in theaters. - And hopefully the end of all the Covid lockdowns, and theaters back open. I included a bar pattern of the last move up here, with a fib retracement from its correction. If we hit that 3.618 fib up there at $541 it will be party time baby! So long-term bullish here, although I hope the masses demonstrate diamond hands through the shakeout! NOT FINANCIAL ADVICE - You should commit the time to do your own research before investing in anything!
NYSE:AMC
by Ch3ffykins
1
If GME's trends could talk [REPOSTED]Good morning Apes! This is a slightly retouched version of my last GME post. I noticed one trend line was slightly off and I corrected that mistake. As you can see since the first upbreak in January GME has been looking straight at the $500-ish area. I would guess, after every trend line confirming, that $500-ish is the price point that needs to be passed for MOASS. If not, that's still the area it wants to be in. NYSE:GME For entertainment purposes only. Do your own research. NYSE:GME God Bless
NYSE:GMELong
by UnknownUnicorn24212010
7
Full Analysis on BYND with relevant levels for swing tradersToday we will take a look at Beyond Meat Inc. The main things we can see on the chart are: a) Clear support level working since May 2020 b) Corrective Pattern being supported on the mentioned level. c) Every time in the past the price was there had a strong bounce towards the ascending white trendline, which we can consider a dynamic resistance level d) In this case, we think our view is activated if the price reaches the green horizontal line. If that happens, we will define our invalidation level where you can see the red horizontal line e) Let's talk about targets. Our final target, as you can see, is the previous ATH. However, we have some levels in the middle that we should consider. The Minor Resistance Level 1 will work as the first place where we will move our stop loss to Break-Even. After that, we won't do anything until the price reaches our desired target or hits our entry-level again. f) What happens If the price never reaches the entry-level? - We will cancel our view if the price reaches the invalidation level; otherwise, we will keep waiting until one of those two levels is reached. g) Risk: We will be using 1% risk of our capital on the stop loss. Thanks for reading, guys! Remember: PROTECT your hard earn capital.
NASDAQ:BYNDLong
by ThinkingAntsOk
3
QCOM / Flag pattern on a great technical context Today we will speak about QCOM on a range situation that we like the context. What can we see here? - The price is inside a range since January 2021 - Currently, the price is supported on an ascending trendline + relevant support/resistance zone level. - Another important aspect of the chart is that we can see a fully formed ABC flag pattern with great proportions. - If we consider the current ascending channel (which is like an expanding one), we can see the price in the lower range of it. That means that if the bullish movement appears as we expect, we can think of targets on the next resistance level or in the other extreme of the expanding channel. - We have defined an activation level above "B." In general, terms that are the safer place to execute setups (we avoid A LOT of fakeouts) - If the price reaches the activation level and then everything goes as Sh@&t. It's important to know where we will say, "hey is time to leave this idea." That place is below "C." - If the price never reaches the activation level and keeps falling, we will cancel our view if we see a new low - The expected time of resolution for this idea if everything goes as expected is between 30 and 45 days. - What about the risk?: ALWAYS BETWEEN 1% TO 2% (Why are you shouting...?) Because this is the most relevant aspect of trading. You MUST protect your capital, and the only way of doing that is having great risk management because bad times will come, always come, and you need to be ready to absorb those stops like a champion. Thanks for reading, guys! We wish you a great trading week.
NASDAQ:QCOM
by ThinkingAntsOk
5
PYPL against the ascending trendline + lower timeframe viewToday we will talk about PYPL! -The price has bounced on the main ascending trendline since the 2020 March bottom -What can we expect from here? We have defined two horizontal levels (green and red) for the bullish and bearish views. Please don't consider them as triggers; use them as reference lines. On the next image, we will show you the specific filters we will be using to develop setups (we will not short PYPL. However, we defined what, in our view, would be a clear scenario) -What about Risk? Always absolutely always risk no more than 1% to 2% of your capital. That will keep your account safe and your mental state healthy. -We can keep writing to make this post longer. But all the necessary information to have a clear idea on what we are observing here is already on the text and the image. We wish you a great trading week.
NASDAQ:PYPL
by ThinkingAntsOk
3