Alignment of Indicators Signals big buy signal. Nice Swing trade from 15 Jan to 27 Jan. (I missed it but the set-up is a great visual)
1- Squeeze bulbs goes RED as BB and volatility contracts.
2. 8d EMA crosses the 21d EMA .
3. BBs expand and bulbs go green on TTM Squeeze
4. Stock %k crosses %D. Bullish indicating a reversal in price and trend coming.
Note:
1-The...
Sometimes the Technical Pattern/Set-up is all you need going into E to make a decent bet. This one despite the 35x PE was relatively easy. I bought Calls. Should pay well Wednesday if it holds up. The Pattern was key to my decision to go LONG today because Options were lining up about even on both sides, and the fundamentals + News was uncertain as well, what with...
Feeling a lot of pain this AM with a very bad chart read yesterday. A collapsing triangle pattern is a classic opportunity to run a Straddle as a breakout is certain, but direction is uncertain. That's where Fundamental Analysis comes in. With the chip sector in bear market territory and AMD missing on the quarter earlier, and the crypto currency market in...
Huge gains today on SHW if you were patient. I got shares at 418.30. Good buying/demand zone. But sold at 421.30. OK, a nice gain, but patient and holding to the 15min chart would have returned HUGE profits. Why: the upper level sellers were taken out at the open, so waiting for the stock to push through that previous level was likely. Should have gotten a coffee...
This type of set-up screams "buy a straddle," which we did yesterday. The trade looks likely to make money w KR up 2.6 in the pre-mkt.
where the lines cross is 23 July, so you want to set your straddle sometime a bit prior, especially prior to a catalyst like Earnings.
