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Avwap

$SGMO confluence of support (a lot going on)$SGMO has been correcting its 100% surge higher, I believe I have found enough evidence to suggest the $SGMO pullback has completed and represents a great buy opportunity: 1) +1 year long resistance is acting as support 2) reclaiming of the aVWAP from the bottom for the first time in 8 days 3) holding the 50 day EMA 4) consolidation occurring at the 50% retracement 5) price low of $13.48, AB = CD from peak terminates at $13.46 This idea reminds me of the technical situation of $OTRK (formerly known as $CATS) which I've linked below. The combination was a nearly straight line move higher off the bottom followed by a pullback into the long term resistance (now support), a key moving average (200 EMA) and a key fib retracement (61.8%)
NASDAQ:SGMOLong
by ETrades1
$OSTK aVWAP pullback trade setup $OSTK has broken out of a falling wedge and has found support at aVWAP from Aug 2020 peak. The test of the aVWAP from above created a long green hammer candle which included a 6% intraday rally. From the current closing price, a stop loss below that long wick candle (whether you use a hard stop or mental stop) would be risking about 6-7%. Seeing how OSTK tends to have steep, (*)decisive uptrends, a 7% risk seems very favorable for a stock I believe is just beginning another big move up. OSTK has been moving sideways throughout all the crypto activity so I'd bet it's ready to get involved in the rally. The Aug 2020 peak is $128, I think it's reasonable for a stock in the crypto realm to make a new 52 Wk high. (*)Interesting to note, in the 22 week rally from the March/Covid low up to the Aug 2020 peak: OSTK only put in 4 red candles, of those 4, only 2 actually closed the week below the prior weeks close (the other 2 closed below the current week's open, but higher than the previous week's close).
OLong
by ETrades1
$DRNA has $FLGT potential Top: $DRNA weekly candle chart upon today's close (1/20/21), with anchored VWAPs (aVWAPs) on each top/bottom within the triangle consolidation, as the aVWAPs have tightened, the stock has begun to respect their price range as support. Bottom: $FLGT daily chart as of 12/3/20, at that point in time FLGT also began to respect the price level of the tightening aVWAP bands while consolidating in the triangle. FLGT continued to trade in the consolidation, consistently respecting the aVWAP bands until it broke out and gained +60%. The big difference is FLGT consolidated for about 90 trading days, while DRNA has been consolidating for over 270. Conclusion I am looking for DRNA to continue to respect the aVWAP bands and buy the stock on the next pullback and reversal from the aVWAP bands, confirming their support.
DLong
by ETrades1
Earth and Sky AVWAPThis shouldn't need much explanation. I like to use brown for the ground and blue for the sky. I mostly wanted to say thanks to @TradingView for giving us a free point-and-click anchored volume weighted average price tool. I can't get enough of it and I haven't thought much about 50-day moving averages in 2020. VWAP basically tells you the point at which a group of buyers is either underwater or not. If price is above a line, the collective position of buyers since the beginning of the line are in profit. If price is below a line they are at a loss. I like to look at everyone that bought since the last bottom (brown) and everyone that bought since the last top (blue). You can see @alphatrends for how to properly chart a VWAP handoff but I like to generally feed the ducks like @Hedgeye above the blue line and add to positions as they break above VWAP consolidations. Keep an eye on the orderbook(s) in conjuction with vwaps and you will get a pretty good idea of when to feed the ducks and when to be a duck, and sometimes when to duck. This isn't typically used on such short timeframes I don't think but works on any.
COINBASE:LTCUSD
by ericscottlykins
INSG avwap 'squeeze' should resolve to upside-INSG currently trades between VWAPs from significant YTD highs and lows, the tightening range of these VWAP lines creates a 'squeeze' like a tightening bollinger band or similarly a TTM squeeze, which signals a current decrease in price range and an increase in volatility is to come Why I expect this increase in volatility to occur to the upside: -50% retracement: INSG has consistently found support at the 50% retracement from the move higher off the March low -Support in INSG/SPY: INSG finding support in relative performance to SPY was a prior predictor of ensuing outperformance vs. SPY, and having recently reacted higher from support, I expect outperformance to resume Conclusion: tightening price range shown by anchored VWAP squeeze and a reversal higher in SPY relative performance point to an imminent upside breakout
NASDAQ:INSGLong
by ETrades1
2
AQN outperforming/avwap support-For the last 2 months AQN has traded above the VWAPs from the significant highs and lows of the year -During the same 2 month period, AQN has outperformed XLU and is now challenging its all time high in outperformance vs. XLU -AQN has recently been outperforming SPY after breaking out of a downtrend in SPY underperformance that has acted as resistance since March $13.5 looks like a good line in the sand, I have to expect higher prices as long as AQN stays above it
NYSE:AQNLong
by ETrades1
STSA confluence of support-Throughout August buyers have been stepping in at a confluence of support: 1) $21.5 level which I view as historically significant (having been tested multiple times from above and below), most notably acting as resistance during the last consolidation period 2) The VWAP from the all time low 3) Back test of the downtrend line 4) 50% retracement of move from all time low -I also like that the pullback to the downtrend line, which was also a shorter term double bottom, occurred with increased stochastic reading (bullish divergence) -50 EMA has been tested/rejected about 8 times since STSA closed above the downtrend line, so I view a close above the 50 EMA is buy trigger
SLong
by ETrades1