HOLO Opinion - Down....down....down. HOLO is on my watch list but I've been burned on it in the past so I am risk-off in my monitoring. Looking at the stock on my range chart set at 100, and using the 'Mean ReversionChannel - (fareid's MRI Variant)' indicator I don't see a double digit dollar pivot yet; When I look at the historical range bars I see that prior to a nice move up, the stock tested the outer bands of the indicator. WHEN that occurs again, I will likley look at it in combination with a pivot indicator and a Williams % indicator to decide if it is an opportunity. I would be interested to hear from those of you who do trend line touch counts and those who trade using the elliot wave principle, if your seeing something bullish on the horizon. I had recently posted an opinion based on the Money Flow Indicator. That opinion may still hold true but it is a matter of time, and my range chart setup does not factor time.- Opinion
HOLO Opinion - So there are two super power indicators traders can use to enter/exit with precision. They are the Money Flow Indicator (MFI) and the Williams %R. I have mentioned the MFI in other posts but here is an example of the Williams %R, a momentum indicator, in play. I am showing it on a range chart set at 1000, with the Williams %R indicator set at 100, close, all style settings at default. Note how the Williams line crossover aligns perfectly with trough price action pivots and how the indicator rolls into the peaks, giving traders time to maximize their gains. The MFI and the Williams %R are the most accurate indicators I've found, give em a try. - Opinion
HOLO Opinion - Continuation of my monitoring of HOLO. Looking at it from my range chart set at 1000R. I am predicting the next large move to be one of its 'mega' moves. Don't have a volume profile loaded but a $200-$300 range band seems like its next destination. - Opinion
HOLO Opinion - Heads up on HOLO. The MFI has made a very clean, near vertical drop which is often a precurser to a major move up. Will be watching for it to touch 0.00 and will enter if/when it breaks through the MFI 40 level AND a pivot has confirmed. I am using a range chart, set at 100R. - Opinion
HOLO Opinion - Follow on regarding HOLO. I was staring at my chart and had a realzation that requires a correction to my prior post that this stock needs more time to cook. I did not notice then, but do now, that traders are super aggressive with this stock and they waste no time coming off a pivot as in zoom! The use of my MFI and level for entry that I rely on is of no use for this stock. You can see the Zig indicator I use but if you have a zero lag pivot, zig, or reversal indicator at your disposal, settings for larger trends, it may be your super power tool for this stock. Hold on tight. Happy Trading - Opinion
HOLO could this finally be the floor for holo or what???
