Jicka

Jicka

not trading on this one, just keeping note for my own records no idea on Telstras fundamentals at the moment but like the chart for a reversal

Jicka

RSI divergence seems to always pick the reversals, but so easy to be early on them for a long time. Chart Notes: - gaps on the way up - big volume sell candle on first day of divergence / possible trend reversal - 85/81 RSI level divergence, would prefer to see 90/80 - big green fomo buy candle nearing the top

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Been looking at AMA lately and have taken a position. Chart - Declining volume - nice and boring as it cools off and people forget about it, hopefully the market still in disbelief as it marches higher - Gap fill on daily - Magic line has turned up Fundamentals - Massive growth, 130 up to 180 repair shops - Insider buys - good cluster of 4 different buyers - 6%...

Jicka

Overstock has definetly gone parabolic, 2500% in 5 months. - Double Top - RSI massively oversold and in line with previous parabola (though slightly early) - Massive weekly panic buying candle Perhaps the more disciplined play would be to wait for bearish RSI Divergence (yellow lines) but it feels like when this goes it will be fast.

Jicka

This is the weekly - nice bearish divergence. Still quite oversold but seems to be running out of steam, OBV for this market seems to be such an awesome indicator, looking back at all the big names and indexes with it, seems to nail turning points A LOT. The main thing that worries me about going short here is simply the amount of new traders with stimulus money....

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I've taken a short position in APT and my emotions are running hot. My last big trade was a tankers play where I was lucky enough to buy on 24th March and sell a month later for close to 50%. It was a large position so I was absolutely stoked with those returns, but have been fully cash since then and suffering a massive amount of FOMO as every stock seems to be...

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This was a great trade, going back for some post mortem as there is a lot to be learned. - started with insider buys - shipping storage narrative all over - search volume peaks, reddit wallstreet bets as the FOMO gets started - NAT CEO on CNBC pumping - love looking back on those gaps up each day, pure FOMO on a chart but my favourite part of this whole chart...

Jicka

Making note of this chart to look back on this RSI retest - will it rocket higher after a successful breakout?

Jicka

I love this chart, it's very hard to buy anything after it's had an almost 40% down trade but that's the way bottoms feel; very hard to buy. Obviously it might still keep plumeting down but watch the RSI, the divergence at the moment is the first sign for a short term reversal in sentiment or market realising it just had a massive overreaction. Either way the...

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Again just looking at this chart individually. The fact all three charts are experiencing the same setup bodes well for the sector reversing at the same time.

Jicka

Feels like a massive overreaction, RSI more extreme than the previous 2 occurances and so is the downwards price action. Looking for a sharp rebound.

Jicka

Looking at the weekly charts for 3 Cruise Liners. Historically when reaching extreme levels on RSI with a big drop all 3 have responded very well immediatly after. RCL - Weekly CCL - Weekly

Jicka

just trying to get some perspective in regards to finding a bottom - just how deep will this correction / crash run? Such a great time to be witnessing the market, my gut feeling is we still have a long ways down yet - what do you think?

Jicka

Over 60% of energy stocks below their 52 week lows. Exteme pessimism, think we're setting up for a reversal but still need to be patient. ---------------------------------- Not financial advice etc.

Jicka

Looking for AUD to reverse at least for a short term move back to the 200 DMA. In line with RSI being oversold and bullish divergence.

Jicka

BTC ETH XRP LTC EOS check the daily and all are testing their lower bollinger bands. For all of them there is very minor RSI bullish divergence too, just not super clear - it might not be there quite yet. Does this signal a trend reversal? I'm not sure, you would think so, but with RSI divergence it can often appear to be ready but still grind lower with even...

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After earnings breakout SMSI has returned to the gap with a nice double bottom and just about touching the 200 DMA. Checkout the declining volume on the monthly which is a great boredom signal, hopefully this beast is now gearing up for round 2 with some sustainable earnings. If so the market will realise the move was real and turn into a superstock. Full credit...

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The title says it all. Looking for a short term reversal here, based on being oversold with divergence as well as at the top of the bolinger band. Divergence could be more pronounced and still has the risk of being early but looks like a decent setup.