Backtesting RSI Breakout ---Review, Not a Trade idea---No advice given here. Purely a published educational review here. Publishing this so we can learn how RSI breakouts of the topside resistance line respond during an existing uptrend. This is something I have looked into in the past but would like to continue to review how equities respond to this kind of behavior. I will say that I generally look for "RSI resets" in order to buy breakouts like this. Comeback to this post in a few wees and we will discuss our findings in details by gumbtg2
Boom!Now let's see if it can keep the momo to ER. This one can pop and drop. Sold some 23/24 to 29.15. Have a runnerLongby MarketChicken4
Thisis trading in a higher range now. Look for PB within range as likely double top-mind the RSILongby MarketChicken7
There's a hammerIF this puppy can break above that line it may have a chance for a new channel.by MarketChicken6
See bearish on YRDWe saw triangle and limit downtrend for YRD. 20.9 support is crucial at this point and to see if YRD could hit 24.19 to gain its momentum, but for short-run, it's bearish trend Shortby kalosagathos4
Proposition For Short-Term Long Position On $YRDThis last year YRD had 209M in revenue, 193M in profit, and 43.8M in net income. They currently have $0 debt, 308.5M in assest with 190M of that in capital. They sit at only a 10.8 P/E ratio and 3.3 P/R. $YRD is currently at a 4 week low and in the middle of it's 52 week spread. It has recently trended downwards in close relation to American/Chinese trade relations, but $YRD does almost all of its business in China. News has been silent and $YRD looks to be making a technical based climb. Entry Price: $22.10 Stop Loss: $21:70 Take Profit: $23.5 by Sleipnir2
I'm not greatat lines but...PF shows 16 & 19 PB depending on reversal/bo @allincapital @rahagar by MarketChicken2
Just for today n tomorrowYRD is not a typical stock, more volatile than others with a small avg volume. on 4H, all my indicators shows its going up, i bought a small amount at 26.7, will hold n sell it at NYSE opens. *Trade with your own risk, thx in advance*Longby CornhubUpdated 4
YRD - Long - Swing- Got chopped 3 days ago + prices retraced back towards the rising 5ema + Strong support over the past 3 days at $23.20 : Expecting 2 more waves of break-outs to bring prices to $37 Longby ChannibalUpdated 4
YRD - Long - Swing+ side way $ movement across Sept. + price pop'd today w/ high vol. + contracting bollinger bandLongby ChannibalUpdated 1
YRD - Long IdeaRSI crossed up through RSI resistance and end of today up through latest trend line Low float and high short - watch for a short squeezeLongby onesun0
Another Chinese StockThis is a volatile one. After a standard 5 wave down, a 3 wave counter-trend rally is unfolding. There is still some room to play for the upside. A conservative strategy would be waiting for the 3 wave done and playing the C leg. Will follow up later.by Dll1