+ We are breaking above a long term trend line + Last two days higher than average and increasing volume + MACD and RSI look good. + good PL ratio Im noticing that some stocks seem to be going above the long term trands on my charts, but mostly they are not being confirmed. This trade seems to be confirmed as this is a second day of ssutained momentum on the...
Out of one trend line, looking for it to continue and break out of the longer trend line. Good move on volume Great market conditions on the TSX. This has been oversold. Maybe looking into buying tommorow.
This has been so good to me. I keep buying each time it goes into this particular drawn out 2/1 RR ratio. And I keep making a bit of money, then exit on declining volume. The stock itself can be argued to be a really good long term hold. Going to watch for another swing for an easy few hundred bucks.
I have a position here however it has set an all time low, and is below the trend line. Unless we get a push asap, I have to take my loss and go. Further decline to .28 or .285 could be grave concern.
This reversal trade looks really strong based on three indicators - We are finally braking out of a medium trend line that started on June 9th. - Volume has been average overall but today (breakout day) saw higher than usual volume. - hoping to see increased volume tomorrow and a continuation. I can not find any news, so I am hopeful its just getting some...
Waiting for that bounce trade! Setting up slowely. Too soon for now.
Entered the trade as it moved above the long term trend line and the moving averages. The TSX indicie is bouncing off support levels, and FLT is showing good signs on the MACD, going above averages and today has higher than usual volume. I am hoping for a continuation of these conditions into next week. No stop loss set for now, I am monitoring so I want it...
If Charlie Munger is doing it, then I am doing it :) Obviously we all know how badly Chinese stocks have performed this year, mainly due to government intervention. This brought a lot of the stocks down. Charlie Munger is a huge fan of BABA and you could look into that. I feel like this is a good holding. I do want some exposure to the long term buy and...
Ran, came back down, nothing changed otherwise. Easy RR ratio setup for 2/1 See my old idea, do some research, this is trading well below analyst values.
At the moment, Very is on a long term down trend since March. This is alarming because it means there will be bag holders. The 3.50 level is interesting and so is the current level of 2.70~ The trade setup is one of my favourites. If you catch it as it is turning around, you could reap some rewards on a swing trade. The question is when to enter the trade....
From a technical perspective. It has been on quiet a significant down trend that started in February 2021. It has three levels of support outlines .90 (failed) .79 (to be determined) .60 (to be determined) Average trading volume. The TSX has been on a Decline that started September 6th. However, FLT has really under performed the market as it has been on...
I am back to all cash. I keep getting burned a bit, then a lot of my stop losses are being triggered and alerts as well. Just seems like things are going down for now. Going to watch and wait to see what happens. Better for me to be in cash atm and wait for clear direction.
GOLD *MAY* go up as the market corrects, because some people may start to shuffle money around. There are two concepts behind this trade for me. On the interim, its a speculative play, based on potential correction in the overall market, bringing gold stocks up a bit, which I would benefit from. Otherwise, ABX (Canadian) and GOLD (US) both representing...
I did two things this morning, I first sold all my positions, I went all cash. I am able to do this because I do not do long term investing for the most part. And I am thinking there will be a correction that will last a few days up until a few weeks. We are about 2-5% corrected. With analysts expecting as much as 20% correction which is quiet significant....
See chart Volume is not appealing. Just seems to have some short term support. 2.1 P/L ratio.
Swing based on apparent reversing and clear level of support, a stop loss and a gap fill as a profit taker. Analyst ratings for this is at 10. About $1,000,000 worth of insider buying at approx 2.90 Still quiet discounted. Source: sfhenderson17
I am not sure when EV will turn back around. But I have this position open. Good P/L ratio
Looking to enter a speculative MCUR trade: As outline on the chart, this gives me a 4 to 1 risk/reward ratio which is quiet significant. The stock is trading almost at its all time low which makes it easy to set a stop loss. If it breaks under its all time low, no telling how low it will go, but I benefit from a straight foreword set up. $1500 trade...