CColeTrading

CColeTrading

Trivia time...in what year was the DJIA first published? Answer: 1896 That gives us 125 years worth of technical charting data! My favorite charting tool is Andrews' median line. Taking an 'A' pivot from 1896 low, a 'B' pivot from the 1929 blow off top, and a 'C' pivot from the 1932 low we can draw a nice median line that has captured price over the past 89...

CColeTrading

Confluence of four buy signals in the $32,050 area for BTC: 1. Bottom of the descending wedge 2. Completion of the red minor median line 3. Reaching the lower parallel of the confirmed blue median line 4. Horizontal support from the July 8th bottom of the last move down

CColeTrading

High growth potential and a healthy financial position make SIMO an attractive investment opportunity. On the chart, SIMO has been following this Median Line since the beginning of 2016 and is currently testing the sliding parallel off the lower line. Is this Median Line exhausted at this point or will it continue to hold? With a fundamentally strong company...

CColeTrading

Undervalued solid dividend payer with healthy balance sheet coming back into a support area that has been tested several times now. Yesterday's plunge on the downgrade by Raymond James presents a buying opportunity barring a rate hike surprise by the Fed this afternoon. Healthy risk:reward here as well with a stop below the support area and a target at the trend...