Well, the title pretty much tells everything I want to say. I enter a position here at the new high! NASDAQ:GOOGL A stock breaking into a new high might go up a lot further. I have no idea this breaking out will fail or not. Just try to follow the trend.
After a failed break out of the handle on March 27, 24, as discussed in an idea you can see in the related ideas section, CRYPTO:BTCUSD continues to move inside this handle and a breakout of this handle would provide an entry. A failed break is good because it means some traders took a loss (including me) and will be hesitate to re-enter. The main thing is...
On March 21, 2024, we entered a position in NYSE:DELL as it broke out of a trendline as we discussed in a post you can find in the related ideas section. At the end of March 28, 2024, the stock continues to trend up together with its rising MA-21 and an break above the yellow trendline shown on this chart would provide an additional buy point.
While trading, I usually use MA-20 as a sell signal for stocks which already started running from a long base. It doesn't mean that the stock will go down further. When I sell a stock, I have absolutely no idea about what it will do after. It may indeed goes down further, or it may consolidates somewhere forming a new base. NASDAQ:CELH broke out of a long...
On March 25, 24, CRYPTO:BTCUSD is forming an inverse head and shoulder pattern on 4h. A break out through the yellow neckline would provide a good buy point. This is an additional buy point after another buy point using a symmetrical triangle pattern as shown below (see the related ideas section for more details)
On March 27, 24, CRYPTO:BTCUSD on 4h timeframe is moving inside a handle of a Cup & Handle pattern. A breakout of this handle would provide a buy point. This will be a continuation buy point following the previous 2 buy points. See the related ideas for more details.
On March 15, 24, I am looking to trade NASDAQ:ARM using this symmetrical triangle/bullish pennant pattern. A move up piercing the upper trendline will present a buy signal, with volume confirmation on break out.
On March 21, 24, NASDAQ:MU broke out strongly out of a very long consolidation, starting from the beginning of 2021, a 2-year consolidation! There is no buy point for me here. But a pullback to the previous resistance (the horizontal yellow line as shown on the chart) would provide a good opportunity. Or let's see if there will be any short-term pattern forming here..
From the low in November 23, NYSE:NOW has been going up quite well, 40% from $550 to $775. I myself also made a trade which was not successful (see in the related ideas section for details). However what made me to be more cautious is that there are so many down days with huge volume, while volume during up days were very normal. Maybe NYSE:NOW will still...
At the close of March 22, 24, NASDAQ:QCOM has been moving 2 weeks in the high tight flag pattern. A breakout of this flag with high volume confirmation would be a valid buy point.
On March 22, 24, NYSE:ACN broke down its MA-50 on huge volume after earnings were out. A breakdown below MA-50 on huge volume while the overall market is in uptrend is a sell signal. I am not holding NYSE:ACN and I am not shorting it, have no plan to short it. However if I bough it before, I will sell it now. There are many lessons about stocks which...
NYSE:SNOW was one of a very good acting stocks from the low of November 23, at around $145, it increased to $236 on Feb 28, 24. A nearly 60% run. Its key moving averages (MA50/150/200) had been acting very well. On Feb 29, 24, NYSE:SNOW broke down hard violating its MA-50 on huge volume, after earnings. The big gap down of -18% made it looks like a bargain....
On March 24, 24, NASDAQ:GOOGL is moving in a weekly cup & handle pattern. Can it break out or not? It is interesting for me to watch this stock moving out or coming back down. I am not so confident trading this stock, however.
Since the start of 2024, TVC:SPX has been moving up this ascending channel and currently is right at the lower level. A break down through this line would provide a short signal, while the move up continuing this channel would signal a suitable environment to buy individual stocks. What do you think TVC:SPX will do from here?
On March 23, 24 BINANCE:BTCUSDT on 4h timeframe is right below the trendline in yellow. A break through this trendline would provide a buy signal. I have a stop limit buy order at around $66,000
While NASDAQ:NVDA and NASDAQ:LRCX are trading at their high. NASDAQ:AMD is moving down its own MA50 I love all 3 stocks and have been trading all 3. But at this moment I definitely will move money into the 2 which are near their high.
We have written 2-3 posts about NASDAQ:AAPL to find entry, you can see them in the related ideas section. As the stock was (and still is) trading below its key moving averages: MA-50, 150, 200, we expected the stock to go down further from the price range $168 - $169. However it did not happen like we expected. On March 20, NASDAQ:AAPL showed a strong...
On March 14, 24, TVC:USOIL broke out into highest close since November 2023, providing a buy point here with a stop loss below the support level 80.4 as shown on the chart.