RIG - Good opportunity post-earnings drop with very tight stop We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation.
This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I will definitely enter a position if the opportunity presents itself.
Hope to be back more consistently in a week or two when I'm back in the states.
Happy Trading :)
- TraderDaddyOG
Buyingcontinuation
LEU - Opportunity to reload on swing position if this is activeWe are currently being controlled by our white buying continuation - we rejected off the top and have sold off in our controlled selling algorithms. Today we will be opening up right on top of the bottom of this white channel and will be interested to see if this can pick up price and break out of our strong selling purple. If that happens I will add to my current swing position.
Happy Trading :)
- TraderDaddyOG
LNG - Found a strong support algo - Can we continue the uptrend?We are at a potential great buying area and as you see there is a lot of room to the upside. I will be looking for us to prove and activate one of our stronger buying continuation algorithms (stronger than orange) to then try and break out of our magenta and white controlled selling algos.
But forsure the retest and support of green which had initiated our ascent has me interested.
Stay tuned!
Happy Trading :)
AAPL - Updated Analysis - Important PA ApproachingWe would love to see yellow strong buying continue to guide price out of our selling algos.
First step is a breakout of strong selling purple and then we expect a fight to occur between strong yellow and more tapered blue. Soon enough if blue or yellow holds price (bullish buying continuation) we will see a retest of our teal selling algo and that will be our first sign of a true bullish reversal.
Will keep you all updated as price continues to develop!
Happy Trading :)