What I like: StochRSI is crossing on daily and moving upward on 2hr Good, increasing volume on prior wave up Good block of volume on pullback candles. Expected to help to prevent Stop from being hit What I don't like: not a real deep pullback has already seen a good run up, may be early entry R: $100 #: 26 shares E: $300.45 S: $296.54 T: 308.27
This trade is a based on a daily pull back which means the Stochastic RSI is below 20 and price breaks out of the range of bars What I like: * Pullback was into a support area * Pullback area had a nice range/congestion of bars showing some consolidation * RSI on 2hr showing a change in momentum * 2hr showing a squeeze prior to breakout confirming...
Breakout of inner range with 2R available to run to outer range. In general, breakout trades are expected to run longer than short term swing trades R: $100 E: $93.4 S: $90.5 Diff: $2.90 T1 (1R): $96.3 (raise stop to $91.95 ) T2 (2R): $99.2 (withdraw 1/2, raise stop to Entry) T3 (ATH): $106 OR Break of prior dip
Entry was at $20.88. Stop is $20.25 Target for 2R is $22.11 Trading using options. Bought 3 Call 20 DEC 19 contracts @ .63 per contract. Target is 50% profit / loss per contract + a little extra for fees Profit: $0.97 per contract Loss: $0.30 per contract
sample chart using Volume Spike Analysis indicator (VSA_MS)
This stock entered my watch list due to the large volume spike on July 15. This occurred what looks like the beginning of an uptrend out of a consolidation zone and has broken above the 200 SMA. With Earnings just around the corner (July 30), this leads me to believe smart money is loading up for a nice run. Using fibonacci extension tool on the first wave, we...
Yesterday price bounced off the 200 MA which has shown to be a strong support line for the stock in the past. We have seen a strong rise in the OBV which indicates volume is increasing on upward price moves. The trigger for this was that the ADX was over 35, the current trend is up, and the Stochastic (8,1) fell below 30. I will enter the trade 1 tick above...
ANF has been experiencing a significant downward trend since early September. Each time price has hit the top of the downward channel, price has dropped, continuing the downward trend. Price tends to continue in a trend / channel. Pros: 1. Price is in a daily bollinger band squeeze 2. OBV continues on a downward slope (often an indication of the direction of the...