Get started

Phase1

MGEN Done Going Down Or Just A Pit Stop?MGEN has been getting hammered lately. Not one single green close in the last few weeks. Friday was the first, somewhat green close and that ain't saying much. But trading action was interesting. "riday’s action was something much different than what the penny stock had seen during the 2 weeks prior. It was the first trading day that MGEN shares didn’t close red. If you look at the chart, since October 9th, the penny stock saw a red close every day...Furthermore, trading action continued to push shares higher during after-hours on Friday." Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
M
by PennyStocks101
Playing Mattel's momentum?Technical MAT broke and sustained its 200sma resistance a couple of days ago. Todays candle above the trend (pink trend line) are confirmation MAT longer downtrend might be over. Fundamental / News December 15th tariffs were removed, easing pressures for them. However, 25% tariffs will remain on $250 billion Chinese imports and 7.5% will be put on much of the remainder. Mattel (MAT) said Monday, December 9th, that it plans to offer $600 million aggregate principal amount of senior notes due 2027 to institutional buyers, subject to market conditions and other factors.
NASDAQ:MATLong
by dorfmanmaster
Reading The Right Side of The Chart : EURUSDJust imagine every turning point of a trend or a continuation of a trend, a fractal if you like, lies underneath or above it clusters of stop losses that the institutional traders look for to get liquidity. It sounds that it's evil, but whether we hate it or despise it, that is how the market works: you want to buy, you need someone willing to sell and vice versa. Putting buy stops and sell stops (in a form of stoploss or pending order) is another way of saying "I am willing to sell my position here". On Mondays, particularly before the London open, the Sydney/Asian bank traders would seek liquidity in order to get their orders filled. Since market volume generally very thin, hence stop hunting reign supreme at this time so they could get the liquidity needed to get their orders in. Actionable : Using my Friday/Monday relationship concept (I call it Phase 2, don't ask why), I would wait if the price breaks and close Friday low (the deeper the better, preferably at 1.1000 - 1.0900) and then I will look for a bullish signal. And Vice versa.
by sufiansaid