Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors...
Too many stepping stone
Yellow box indicate of what David Weiss termed as 'Battering ram of castle door' --- The line of Least Resistance
A classic sign of absorption
with the assumption of Re-Accmulation (Shcematic #2) is on going,
position initiated as attached
Pure wyckoff
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Waiting for a clear price breakout before initiating a buy strategy. Closely monitoring the price movements, to capitalize on the momentum generated by the breakout.
1. Price candle break out MA 200 on 24 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 14 Aug '23 to 23 Aug '23 to shake out weak retailers. Next price candles break out MA 200 on 24 Aug '23.
3. GC (Golden Cross) MA 50 & MA 20 not yet happen, once happen this will give another strong signal the...
Some question that traders or investor may think of, "should they BOD?"🤔
Think to consider before next step:
>> broken the uptrend pararrel channel.
>> price dropped more than -10% in a week.
>> price below Hull MA / red blue sea.
>> yet has any recovery signal, but when the signal come? Don't know. Maybe next trading days, next week? We cannot decide it, and...
William O'Neil got a lot of weekly chart example in his book: How to Make Money in Stocks.
PECCA chart is hidden in daily chart. Amazing setup seen in weekly chart. The base of the chart used 770 days to form with below contraction:
C1: -43%
C2: -15%
C3: -6%
C4: -5%
Attempt breakout last week and pull back this week (natural reaction), forming a pivot and...
PECCA appear in the screener and look at this huge base >600 days VCP setup.
C1: -44%
C2: -16%
C3: -3%
QR yet to released, based on the early volume and price movement, expected good QR that will be released on 27th or 28th. Let's see if pull back after QR for better entry point or not.
Anyone spotted this stock too?
Disclaimer:
Information presented here is...
PECCA weekly chart got below setup:
Left side: Double bottom
Right side: Higher low, entering stage 2
This counter entering stage 2 since end July. Currently setting up a higher low. Not yet a solid entry point but is good to start monitoring the movement. I will update again later in below when the time come. Stay tune.
This is our routine as a Trader!...
Pecca, an automotive upholstory company turned to ppe making company. Automotive product is already a strandard , with the epidemic has succeeded in creating a new income stream. After a lacklustre finish to previous quarter a selling climax is seen with another composite operator taking over as price became attractive. A reaccumulation ensues and later a reversal...
From the Fibonacci chart, PECCA already rebounce hence showing an uptrend pattern. Where the price movement in the overall direction is upward. If the price hit above MA20 then it will be in a long trade position.
R 3.315
S 2.810
Disclaimer : This is for learning purpose, no recommendation of buy/sell
Pecca completed the uptrend and is now on the downtrend.
Stocks price crossunder moving average 20 (MA20) and has dropped more than 15%.
During the drop, there was potential chip accumlation as indicated in Chips Masters.
The candles are now at the vicinity of -15% of MA20.
There were stop...
