OGN Major Upside PotentialHello traders / investors, im looking at OGN as a potential swing opportunity to the the upside, its IPO date was June 7th 2021 with an all time high of 38.24 and then sold off followed by a period of consolidation.
The Weekly chart is showing Bull interest is kicking in.
I do not know much about this IPO nor do I care about their fundamentals, My plan is to swing this stock on a break above 36 with volume.
as long as the techncials line up with solid risk reward I believe we have solid opportunity here.
Warrenbuffet
Be greedy when others are fearful.One of Warren Buffett's most famous investment sayings is “Be fearful when others are greedy. Be greedy when others are fearful.”
Bullish falling wedge looks ready to brakout!
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. ... However, this bullish bias cannot be realized until a resistance breakout occurs.
First target is 42000$
APPLE: THINK DIFFERENT ITS FOR LEARNING DIFFERENT KINDS OF PATTERNS AND THE PRICE ACTION INVOLVED.
Currently its in a RISING WEDGE format and consolidating below the wedge with good number of volumes.
W PATTERN is completed and now a upside or breakout from wedge pattern can be considered.
Queries in comment section.
AXTA When in doubt what is Warren Buffet looking at?Found this play off Warren Buffets play list. Looked juicy here. It is repeating a move that pops upwards in a huge way in previous moves that shared the same KeyCode as this one. I found about 3-4 and all popped upwards.
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.11.2021
PSTH: SUPERBULL BIASNothing much could be done to technically analyze PSTH given that it has a short historical data (just IPOed).
However, given that it is a blank check company (SPAC) with potential to raise more capital to acquire long-term high growth companies and some hardcore value investor and highly intelligent men are behind this SPAC, we could only imagine the upside that PTSH shareholder might get.
Looking forward to enter around 25 level and hold it for long term.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
Twitter Time to Short and Hold Crash Ahead ?Company Details
Full Name Twitter, Inc.
Country United States
Employees 5,200
CEO Jack Dorsey
Stock Information
Ticker Symbol TWTR
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Internet Content & Information
Unique Identifier NYSE: TWTR
IPO Date November 7, 2013
Description
Twitter operates as a platform for public self-expression and conversation in real time United States and internationally. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.
The IPO opening print also marks the 50% retracement of the downtrend into 2016, highlighting the need for skeptical buyers to come off the sidelines here and lift the stock into the $50s. The uptick has just eased into a trading range that acknowledges resistance, so a positive catalyst may be needed to trigger a breakout. That could be a tall order in the fourth quarter, given the extraordinary challenges. As a result, there isn't much to do except to wait and watch price action in coming weeks.
The Bottom Line
Twitter stock has returned to seven-year resistance and still give no clear break out above the IPO 50% Retrace Level, Ahead elections Covid-19 $ Crash may lead s&p500 and major stock market to down side,
we can expect a twitter crash or Correction to down side soon!
Best Regards:
RideTheMacro
RidetheMacro|11 GOLDEN TRADING RULES FOR TRADING 💎📌 GOLDEN RULES FOR TRADING 💎
📍 1. Don’t break your rules -
The first and foremost rule of share trading is to never borrow capital to invest in share market. Test your trading setup and its logic through paper trading or back test it with the available data. Then start with small quantities or a single lot etc. So don’t break the set rules , you made them for tough situations, just like the one you’re probably in right now.
📍 2. Don’t believe in a company -
Trading is not investment. Remember the charts and forget the press releases.
📍 3. Don’t seek the Holy Grail -
There is no secret trading formula, other than solid risk management. So stop looking for it. Always do trade keeping your trading capital into consideration. Don’t over trade.
📍 4. Don’t forget your discipline -
Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge. Maintaining stop loss is one of the key discipline parameter to be religiously followed.
📍 5. Don’t chase the crowd -
Listen to the beat of your own drummer. By the time the Crowd acts, you’re probably too late. Or too early. Don't chase the Retails.
📍 6. Don’t ignore the warning signs -
Big losses rarely come without warning. Don’t wait for a lifeboat to abandon a sinking ship.
📍 7. Don’t count your chickens -
Profits aren’t booked until the trade is closed. The market gives and the market takes away with great fury.
📍 8. Don’t have a paycheck mentality -
You don’t deserve anything for all of your hard work. The market only pays off when you’re right, and when your timing is really, really good.
📍 9. Diversification of portfolio -
Do not put all eggs in one basket.
📍 10. Don’t expect to make profit everyday -
If you consider that you can make profit on every trade, you are 100% wrong. Always be flexible and accept the fact as soon as you realize that you are on wrong side of the trade. Simply exit the trade without changing your strategy during the market; it may cause you double losses. Always follow stop loss. Treat trading as a BUSINESS and Earnings (profits) & Expenditure (losses). Learn to like losses as they are the part of the business.
📍 11. Never add to a losing position -
When market has given the verdict that your trade is wrong. Accept it. Just exit from the trade and don’t average it. Don’t take it personally and bring your ego in between. Don’t fight the market. It’s not a one on one thing. It’s one on many.
Share your comments ideas below to make Things more better.
Thank You.