Daily resistance at 13.25 and 13.60. Entry at 13.3. TP at 12.80. Cut loss at 13.80.
Cause for the gap up is the positive earnings insights on the company.
Awaiting for price to retrace and confirm rejection/support on trendline.
SSB: As discussed on telegram, a double support on trendline and 50MA would be good. Ensure all/most indicators are bullish upon entry.
STWD has a very promising setup here, you can go long at market, risking 2% of your capital for a longer term position, or risking 0.5% with 90 cent risk per share.
Good luck!
Ivan Labrie.
STWD-has completed a bearish three drives pattern. (Three red arrows ).
This setup could forecast possible change in trend from up to down.
Negatives :
Bearish three drives pattern.
Four hour charts are already very negative.
The DMI-has become negative (top indicator).
Phase energy (top lower) has a downward trend.
Chop Zone (under chart) has gone from positive...
We can enter longs here asap, risk 0.5% on this position, the uptrend might resume its upwards trayectory here.
The previous signal we got in this stock was great, I think we have good odds here as well.
Cheers,
Ivan Labrie.
STWD-had a very strong gap up move at the open.
Here are the positives:
1. Currently multiple buy Fractals (highlighted in green boxes). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw.
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. The STWD-trend is...
The strong technicals that I published in BAC-are also very similar in-STWD.
Here are the positives:
1. Currently multiple buy Fractals (highlighted in green boxes). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw.
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a...
This morning I recommended Starwood-Property-Trust.
The stock is trending up and during the day the trend got stronger.
Please observe the indicator below the chart. This is CHOP.
There are two buy Fractals. As the buying pressure improves the CHOP line moves lower.
This indicates that the trend has IMPROVED.
Here is a summary for the positives in-STWD:
1....
What determines whether or not I take a position, up or down, in a stock, commodity, or futures contract?
WHAT IS THE SINGLE BIGGEST FACTOR THAT I SHOULD KNOW?
To me the answer is simple. Is what I am reviewing "TRENDING" or "RANGE BOUND"?
I need to know if a stock or commodity is trending. Why? RANGE BOUND assets are very hard to make money, long or short.
Let's...
Tim West discussed this chart in the Key Hidden Levels chatroom today.
I'm expanding the analysis here, presenting a potential 'Time at mode' uptrend signal after today's bullish action.
The trade implies going long tomorrow, if we open and close above the 18.52 mark, without retesting it, with a stop loss underneath this level (we can use ATR as well, or try...
