Trade Idea --- RSI & MACD ---Interestingly $NKE recently had a similar setup as well.
Trade details on the chart.
Is there any reason retail would be bullish right now?
Uniformity
EASY Trade Idea --- RSI & MACD Breakout ---Trade looks so easy to make.
Wait for RSI to break green uniformity line with good volume and conviction
Late Trade Idea --- RSI & MACD ---This idea came across my scanner last week. I never got into the trade... And probably wont as I just wont get a entry with much tolerance to downside.
Bullish above RSI 69.1 and RSI Uniformity line. use Uniformity line as a sell signal
Personal note: Idea from "alternative 2" scan
Swing Trade Idea --- $MLM ---Details posted on the chart.
-I am a fan of this chart. Not the kind of trade I would normally look at, but none the less I think It has potential to swing to the upside. Set an alert at the line breakout levels and consider buying when the technicals confirm the entry.
-Always look for volume to confirm.
-The orange and blue MAs are part of the GMMA methodology, created by Daryl Guppy
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As always comments are welcomed and appreciated.
Trade Idea --- $LUV ---Chart says it all.
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup
Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially start with a SL around $56. Keep risk below 2% of portfolio.
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As always comments are welcomed and appreciated
Trade Setup ---Uniform Action Setup---Stick the trading plan
Only buy with rising volume on RSI breakout(green), Price action breakout, and rising volume.
Comments are appreciated.
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Blessings!
NEO Uniformity Line BacktestingJust practicing some technical analysis on this chart to see how good of indicator the uniformity line proves to be. Uniformity line seems significant. 100 moving average seems to provide significance as price action tends to dance around that area.
