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200ma

Calling all Range Traders...Good Evening Traders, I hope you're doing well today. I wanted to give a quick update and clarification. As you can see in the chart above I had created 2 boxes. These are ranges I believe we will continue to stay in until the price discovery is more certain and market decides whether we're in a Bear or a Bull Market. Now, it's rarely talked about, because a lot of traders and investors see things in black and white, bull or bear, up or down; when really there's another direction and classification that I'd like to speak about. It has other names, but I call it a Ranging Market; this is when the market trades in ranges rather than trends; trends being uptrends (bull - HH & HL's) or downtrends (bear - LL & LH's) . What is a Ranging Market? Ranging Market's are opposite of Trending Markets (bull or bear), ones in which the price continues to move between higher prices and lower prices; the price action is range bound and moves mostly sideways. The range of prices can be small or large. If it's small price movement, it's typically referred to as chop, consolidation, or more plainly, 'sideways action'. Most only consider it for a short period, such as hours or days, but in reality they can last weeks or months. Now why the brief lesson on ranging vs trending markets? I believe we're in one, and they require a change to both analysis and trading techniques; we can skip the latter.Assuming I'm correct, which I could be wrong, knowing that we're in a Ranging Market (for likely a week or 2 more) should dampen the idea that a big breakout to the up or downside is right around the corner and any wave analysis may need some adjustments as well. With all that said, the above chart, which is still just a continuation of my January chart , shows the levels I believe we're still ranging. Let the 200MA be your guide. As the chart above shows , the H&S top (mid-candle right where the arrow down is on the left) that resulted in the 1st Lower Low (LL) shown, then moves up to hit a double top budding up against the 200MA resistance, then dropping to a recent Lowest Low around 410, bounced with high Relative Volume up... Went just above the trendline, pops back down quickly forming a double bottom... another weekly run up to the 200MA with a little more bullish confidence, moving just over the 200 to hit a fib/resistance for what looks like another bounce (although it is still hugging the 200MA, so we could see another try by the bulls, otherwise) toward the trendline around 439 or if that breaks 435-432. Just looking at the PA one might think, well obviously, it's a bear market..20% pullback..Going to tank soon...While the Bulls see we just hit a recent lowest low, that must have been the bottom... Neither are what I see. I see a bullish runup to the double bottom almost identical to the breakdown that followed, then a bullish gap-up, bearish gap-down, and yet again another bullish runup... Are we seeing a pattern here? Anyway, I hope you're doing well, whichever side of the trade you choose to be on. Comment, like, share, support, follow, etc. Cheers, Mike (UPRIGHT TRADING) Referenced January chart:
AMEX:SPY
by UPRIGHTTrading
Long PfizerWhile the overall markets have been beaten down due to inflation, rate hikes combined with high asset prices, and the war in Ukraine, certain assets have been certainly rising like fuel and commodities. I'm almost looking at Pfizer as a commodity at this point since they have become so integral in the fight against COVID. Who knows what the future holds for Pfizer or the possibility of a 4th vaccination round. Right now all I know is that the price is bouncing nicely off the the 200-day SMA for the first time in a while. I'm also inclined to believe that the markets are due for a lift back up soon, so this could coincide with that idea, or even lead the charge. Opinion only, not financial advice.
NYSE:PFELong
by tyler_sim
1
$POLA Next Target PTs 7-13-30 and higherPolar Power, Inc. designs, manufactures, and sells direct current (DC), power generators, renewable energy, and cooling systems in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.
NASDAQ:POLALong
by BADQOMOCAWGOWLD
$SUNW Next Target PTs 8.50-13-29 and higherSunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Hawaii. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger projects. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated in 2002 and is headquartered in Roseville, California.
SLong
by BADQOMOCAWGOWLD
2
$AMD Semis need to lead for bullsThe bull case is still in play as AMD although down considerably from 165 high , is still holding strong support at 100 and currently trading above its 200MA AMD has been building next level of support at 113 with a recent thrust to 124, which makes sense considering the 200MA is a VERY important level for the bulls and bears alike. So long as AMD holds 100 , and continues to find buyers 113 zone, my bias is for a breakout of this downward channel to the upside. A break below and there will be bigger issues , i.e. I'd imagine this will only happen if the market is down considerably from a catalyst event (although inflation, rates, war, supply chain issues, all have yet to cause a mass liquidation so I'm not sure what will... Nuclear War ? I pray not ) I do know for sure that any melt up that does occur, I would be looking at AMD / NVDA / SMH / MU to be strong movers to the upside. Let's see ! I'm long April calls and will add so long as we hold 100
NASDAQ:AMDLong
by FriscoTrades
$CSCW Next Target PTs .45-90 and higherColor Star Technology Co., Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services. The company was formerly known as Huitao Technology Co., Ltd. and changed its name to Color Star Technology Co., Ltd. in May 2020. Color Star Technology Co., Ltd. was founded in 2002 and is based in New York, New York.
CLong
by BADQOMOCAWGOWLD
1
$QNGYQuanergy Systems, Inc. develops and markets light detection and ranging (LiDAR) solutions for automotive and IoT applications. The company offers M1 LiDAR sensor for mid-long range industrial measurement applications; M1 Edge 2D LiDAR sensor that enables reliable collision avoidance and smart navigation; M8 LiDAR sensor, which provides 3D perception using multiple eye-safe laser beams and time-of-flight measurement technology; MQ-8 LiDAR sensor for flow management applications; M8-Prime 3D LiDAR sensor that provides industry-leading pinpoint accuracy and captures for industrial and mapping applications; S3 solid state LiDAR sensor; QORTEX DTC, a 3D computer perception software; and QORTEX people counter enables the development of accurate and innovative people counting and queue management applications. Its products are used in various applications, such as mapping, security, smart city and smart spaces, industrial automation, and transportation applications. The company was founded in 2012 and is headquartered in Sunnyvale, California.
QLong
by BADQOMOCAWGOWLD
$HUSAHouston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.
AMEX:HUSALong
by BADQOMOCAWGOWLD
SHort Opportunity on AUDCADFX:AUDCAD As we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe. There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance. There is also a Double top pattern on 4hrs Timeframe NB The pair just completed the XABCD pattern on a weekly timeframe, meaning the pair just started a bullish run on a weekly TF so trade with care That is my submission
Short
by Adhemola
6