Option traders this will go downThis stock will go down ,my first time sharing hope you profit from it
SR trade ideas
Target Box Pivot Points For Spire Inc 2 of 2As promised, here is the finalized analysis with the most specific target points. The final boxes had the most overlap based on all of the data.
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, multiple BUY signals fired between August 19-27, 2021 with closing prices ranging between 66 and 69.
If this instance is successful, that means the stock should rise to at least 67.326 which is the bottom of the larger green box. Repeating three-quarters of all successful signals would have the stock rise to at least 68.3044 which is the bottom of the smaller green box.
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 16 trading bars while one-quarter require at least 27 trading bars.
As always, the stock could decline the very next bar after the signal without looking back (therefore the green boxes would not come into play) or the stock may never decline (and the red boxes may never come into play).
Target Box Pivot Points For Spire Inc 1 of 2I have studied 15 recent buy signals for Spire and bumped the data against historical movements when similar buy signals occur. This is the cluster of all boxes. I will clean up in the next post for my final call on target bottoms and target tops. Regardless. The BUY signals stretch from August 19 through August 27. The larger PURPLE boxes are projected bottoms based on all historical data. The smaller PINK boxes are more specific bottoms based on the median data historical bottoms. While the bottom should occur in a purple box, my specific goals are in the pink boxes.
The larger BLUE boxes are target tops (likely after the move downward to PURPLE box areas) based on all historical movement. The smaller YELLOW boxes are the more specific target tops.
The next post will have the specifics.
SPIRE Plan DailyHello traders, SPIRE is in a fake bearish setup with high sell volume issued and an upside down hammer candle shape. In the TIMEFRAME M1 we can see a marubozu with a volume return, it starts from its lowest on the bollinger to move towards the bottom of the bearish channel and test the VWAP . Big possibility of breakout the price at the same time with the momentum of return broken the VWAP .
To go to the top of the channel with the resistance point test before panic and come and fill the bearish breakout gap to reach the last high. And if the buyers come back to collect the losses before the session.
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$SR - Breakout?Slight increase in volume, knocked on that resistance level again, weeks in the making. Will keep an eye on this one.
$SR: $80 Short Target for Sell-offFirst off, please don't take anything I say seriously or as financial advice. That being said, this is on opinion basis (as always). Spire Inc. recently went down for a variety of reasons. One of those reasons I think is a result of resistance given lower demand for gas consumption in the coronavirus time period. That is why I am not bullish for the expected earnings call and think it may have an outlook for bearish potential. A quick turnover would be a buy and then sell at an $80 short target in order to mitigate risk. There are higher growth stocks to invest in.
Finding a bottom for next move?Buy @ 10.89 and keep a tight Stop @ 9.92
Closed on 23rd Oct reaching the target
