After a long bearish trend, paypal has had a second break out above the 200day ema which has me feeling bullish on this stock. Paypal owns several companies (see tinyurl.com for more reading ).
After previously breaking out of a down trend and through the 200 day ema, the sector took a dive and formed a double bottom. The double bottom, the retesting of the resistance level, the support of the 200day ema, and the recent high volume order blocks near current level makes me think we are setting up for a bullish break out. The fib retracement shows that...
This vanguard fund appears to have broken a bearish down trend and has broken past the 200 day EMA. Order blocks show some strength near this level. If you are bullish, you can even use UTSL for a 3x leverage play on this sector.
Intel has had a recent pull back to the 200 day ema. You can see that according to the DIY trading indicator that uses a combination of several indicators and order blocks, that there is demand near this 200 day ema. I think a bounce is likely.
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So I have already sold puts down to the 200 day moving average on the daily chart. I decided to take a look at the weekly. Seems like the last crash tested the 200 day average on the weekly chart and just maybe this will as well. Thought?
Finally a cool down to the market. This melt up has been insane. This should test the 200 day EMA probably this week. I think investors will shake off some fear when the market hits the 200 day EMA and we will get a bounce. If not, we are due for a bear market so let the deals roll in.
Playing the Ex-div strategy is a solid plan if used with solid companies. "O" is a solid real estate company with a strong dividend. Buy near the Ex date and sell after the price goes up.
For my friends who are looking for an ETF to hold and add to for the long term, this dividend paying etf with a 4% yield is amazing. The volatility is lower than the SP500 but it tied to the SP500. When it goes down it is a great time to add to your holdings and possibly double down. This has beaten the SP500 if you run the numbers in a Drip Calculator. Happy...
Playing a multiple bottom. Energy has been trading down while the rest of the market has been setting new highs leading me to believe this sector has been overlooked. Usually Id wait for price to break the 50EMA but with the multiple bottoms showing a strong support level, I believe entering now before the bullish EMA cross over is not that big of a risk.
New trading level. Trading in a channel. Price is moving sideways. 50EMA just broke above the 200 EMA. Price is pulling back and will likely test the previous bottom where money will flow back in to move this up again and with enough momentum we may break this ceiling and continue upwards. But for now, it will follow the general market and shorting this stock...
If you look at the NET earnings, you will see that the company has been improving quarter over quarter while the price has held a steady bottom. Price is about to break the 200 day EMA which will be a first in a long time. I think with some good news, this stock will soar. The steady base gives me confidence in this support level.
So here is the plan. ATRO is a smaller cap stock but it is a supplier for Boeing. While everyone continues to rave over Boeing, the suppliers are the one's who are making better money. csimarket.com check out the data here. Now they make money whether or not boeing makes money or sells their products. It is the same strategy of selling shovels to gold diggers...
Completing a wedge pattern and price may break out of it. Price is holding above the 50MEA. Looking to grab a few shares on Monday.
Looks like it is time to short this. Breaking below the 50ema.