SLOPolarBear

SLOPolarBear Updated 

Depending on how the broader market looks tomorrow, looking at a long entry if we get a nice hammer or other bullish candle on the 20 EMA on the daily. This stock looks very strong.

SLOPolarBear Updated 

Volatility is creeping up, see my post below regarding VIX. Price action is printing lower highs/lower lows (we're in a negative channel). Notice the long wicks at the base of the flag pole (yellow line). There's some buyers are these levels, but are there enough?

SLOPolarBear Updated 

RSI is printing lower lows while VIX is printing higher lows on the hourly. I expect we will see this play out with some red in the AM. If you're looking to go long at open, take caution. LONG VIX.

SLOPolarBear Updated 

Took a small profit on the VXX this morning after spotting hidden bullish divergence in the VIX yesterday evening. Opened a small position again on the pullback to support in anticipation of a small bounce the upper trendline of this descending sedge pattern. Holding off on opening long positions until this burns out tomorrow AM. LONG VXX SHORT market.

SLOPolarBear Updated 

I see these all the time on 5-m charts. I attribute them to algos trading shares with each other. The way price action advances and declines (and the speed), leads me to believe computers performing high speed day trading with one another. That aside, be on the look out for them! They can sometimes be a wonderful tool to predict a large price movement in short...

SLOPolarBear Updated 

This is looking like a strong buy. I want to see a deflection off that bottom before opening a position. Definitely opening INSIDE the flag rather than the breakout. Watchlist for Tuesday/Wednesday.

SLOPolarBear Updated 

Then Spring on Jupiter or Mars... Okay... but seriously, this is a beautiful setup if the market is green on Tuesday. Nice coiling after a big advance. Loving the increasing volume. Everyone seems to have space travel on their minds these days. Seems like a sound investment for the breakout at least. Target $71-73. Looking to go long in the AM Tuesday, depending...

SLOPolarBear Updated 

Wow. That is one pissed off stock. On the weekly chart, RSI is falling with increasing magnitude and MACD/signal lines are diverging. Not the sort of signal you want to see when a stock is getting ready to reverse. Look at that long slow decline on RSI & MACD -- clear divergence well before it hit ATH's. Someone who spotted that early in this formation has been...

SLOPolarBear Updated 

Some of the shareholders didn't like the last earnings report it seems. But the price action after the gap down didn't scream SELL. Buyers swooped in to BUY up the discounted shares. Nice flag pole w/bull flag printing on the 30m chart. Would not be surprised to see a gap up above it on Tuesday morning, but if not, I'll be playing this for a quick profit.

SLOPolarBear Updated 

Big beautiful bull flag formation. Concerns? Divergence in MACD. We did get a nice bump in volume on that first bottom in the lower trendline, but then it flatlined after. This might take a little more time to form. Keep an eye on it. I like the fact RSI is forming a bottom. Whenever I see gaps in a flagpole I grow concerned about investors who desperately want to...

SLOPolarBear Updated 

Quite a C&H setup here. Price action printed a shooting star on the daily chart today. Wait for it to pull back to the 20 EMA ($9.50 'ish) before considering opening a position. That's one heck of of a base its formed. Will be interesting to see what happens to this puppy over the next few weeks.

SLOPolarBear Updated 

Upside down Cup & Handle has been brewing since November. Recently broke out of its handle. Target $127. I'm labeling this short, although I'm not shorting this company. I use these patterns to identify future buy zones. However, we're inside of a clear bear flag right now so I thought it worth sharing.

SLOPolarBear Updated 

Just did a write up on Cokes kid brother Pepsi, seeing identical patterns on the charts. Bearish upside down Cup & Handle. Anyone who reads my posts knows I love Coke and I'm a long time holder. I've decided to thin out my position in recent days in light of some bearish patterns developing over the past couple months. I plan to buy up more shares when a bottom...

SLOPolarBear Updated 

Tesla has been consolidating nicely inside this massive bull flag (it corresponds to a target price of $1550-1600 based on pole to flag bottom). I'm liking what I'm seeing on lower times frames. Positive divergence in MACD/RSI despite price action falling (see that bear flag we're inside of today?). Expecting a double-bottom to form in the vicinity of the last...

SLOPolarBear

And this is why you should always... ALWAYS put stop losses on any position you create. And never risk more than 5% of your portfolio on a given investment. The smart money got stopped out before the cascade. There was time. And don't forget to move your stops up at the end of each trading day (or week at least, if you're a position trader). Happy & safe trading all!

SLOPolarBear Updated 

The chart looks great. In fact I bought some just looking at it because it's gorgeous. Of course, then I looked at RSI & MACD to see what they have to say. Unfortunately, strong divergence. Very possible we'll see this stock break down below this pennant in the next few days. If it does that, we could see prices on or about the 50 day moving average. The one...

SLOPolarBear Updated 

Thanks @chiefwils0n for spotting this gem: (read his write-up before this). AMD formed a nice flagpole on the Feb-10. And it's in a flag (within a much larger flag -- again, read link above). I'm looking to open a position at the 20 EMA on the hourly with a firm target of $97. There's a bit of resistance at $99 which could see a large volume red candle to...

SLOPolarBear Updated 

Liking what I'm seeing with this stock. Price advanced heavily and we got a good size pullback forming what could become the base of a cup & handle. The hidden divergence in RSI and MACD gives me reason to believe a breakout is coming soon. Planning to keep an eye on this one this week for a potential opening inside the wedge. Target $210 by middle of March (25%).