I must admit despite all the TA I have tried with this name, profit has eluded me because most upward action has bee around ER. I have tried not hold big positions into ER, but this name has proved me wrong last three times. Bounced off of 60 VMA nicely an caught fire. another test of 45 or flag above would set this up nicely for 60. despite sluggish...
this chart needs no explanation. Overhead trendline resistance test in progress. That should create another pivot for eventual breakout. Likely candidate for a run later in the year.
Here are the dates when the next wave of potential True Market Leaders (TMLs) have broken out. We are seeing mixed action. 🟨 Yellow notes shows the stocks that are still above their pivot point 🟥 Red shows those who have been more volatile and have breached the pivot point
One of the stocks on our watchlist - McGrath RentCorp (MGRC) - acts like a monster today. We have openend a position and are up > 10% for the day.
At the above pane is the SP:SPX making new lows; I really thoght that the low was already made. Then in red in Small Cap Growth vs Small Cap Value (IWO/IWN), in green is the S&P Growth vs S&P Value (SPYG/SPYV) and in yellow is the Consumer Discretionary vs Consumer Staples (XLY/XLP). There are a lot more but these are the most common ratios to evaluate what...
4 month ascending triangle breakout and throwback into apex Pocket Pivot breakout Mini 3C (cup completion cheat) setting up Risk: 180 bps You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas
ROKU Emerged from Bear Market as a 2019 Leader Strong FTD EP on 4x VOL New Leadership Earnings Growth
Classic inverse H&S breakout on volume. Continuation to 78 likely for ER.
The Market may have some more room to the downside with the longer term uptrend still intact, I look at some intermarket analysis to evaluate the situation. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to...
LMND is my favourite investment stock lately, as it has a lot of potential, it's going to disrupt the insurance market with it's totally new and innovative strategy and operation method. This is the fintech in banking (like Revolut or N26) or a Tesla in cars or the smartphone itself in communication! Seriously, I'm not hyping the stock, do some research and as you...
ZS has been behaving well inside the uptrend channel drawn. When we touch the upper part of the channel, we see a pullback to the lower segment line. RSI analysis suggests, we have difficulty going above the 70 level, however, the chart remains bullish whenever the RSI has been over the 43 RSI. A break below 40 in the RSI would be short-term bearish. ----->...
Fundamental Analysis Democrats and Republicans have various diverging opinions that affect sectors and industries across. The one aspect they do agree on, is they need more infrastructure spending . Technical analysis Breakout to all time highs. RSI @67 OBV supportive of uptrend.
Technical 20sma is being supportive, but it is recommended to keep your stops somewhat below the average. A close below $190 would be a bearish warning. The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market. Fundamental While the white house...
Since we crossed the 20 exponential moving average, we have tested it many times, to retreat and continue higher. RSI has stayed above 50, showing no sign of strong selling.
Autodesk is breaking the downtrend from late February. Closing above $190 would put us above horizontal resistance, and deny the double-top formation. When using fibonacci retracement lines, we see strong support at the 50%, and we are now rallying of the 61.8%. Important to mention they come out with earnings Wednesday 27th after-market. Buying a week...
AMD is forming a reverse head and shoulders. If we can break the ATH resistance on good volume, AMD will probably keep rallying. RSI has been trending higher, but it is not as high as it was in its past peak. (short-term bear). OBV has been trending higher, and its current value is slightly higher than its previous peak (short-term bull). Keeping on a watchlist.
SMAR is a hypergrowth name that I am betting will be a winner for the rest of 2019 & beyond. This stock has just appeared on many peoples radar and I am sure its following will increase. We have a real grower in a hot sector (SAAS). Barring an overall repricing of assets I think this one provides plenty of alpha. Will be watching this one closely & trying to...
Cycles come and go, and no one is talking about where $GE is Really leading us NYSE:GE