Hello penny stocks followers,
I am sorry about that I might a bit side-tracked to the cryptocurrencies trading recently.
Here are two penny stocks to buy & hold for longer term.
Do you know both SM1 & A2M was struggling in last 84 days?
A2M just slightly continues to soar after the resistance zone breakout.
In the other hand, SM1 is struggling at the descending...
This is a classic high growth stock. Making huge amounts of cash and growing quickly. Opening new market in New York after already dominating in Australia.
Trend up with a consolidation pattern going on. I would wait till a high move breaking into fresh air before adding to my already large position.
A2 Milk for those unsure is based on some cows...
Idea: Support holding and more long.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Future cloud is shifted forward 26 periods
I hide the right part of the price actions on the left chart to show you the future cloud ends 26 days periods forward. Please note that some brokers' Ichimoku indicator doesn't include this function.
By adding the 1st, 2nd & 3rd elements into the right chart, we have a complete Ichimoku chart.
As you see the Tenkan-sen...
Tenkan-sen and kijun-sen measure the short term TREND and the short term SUPPORT.
Tenkan-sen following price indicates the trend is strong
Tenkan-sen is FLAT the price is consolidating or not Trending
First observation of the Tenkan-sen is if the line is above or below the Kijun-sen
Tenkan-sen is the highest and lowest price over the past 9 periods divided by...
Ichimoku system is composed of FIVE elements and was developed to show only support and resistance.
Chinkou span represents the closing price it also represents past support and resistance levels.
BULLISH Chinkou span is above price
BEARISH Chinkou span is below price
NEUTRAL Chinkou span is in the price
Starting to feel more bearish sentiment regarding China... and this Superstar performer starting to look wobbly.
Trend eroded, punched in a new high without any follow through... and there are gaps to fill below...
The a2 Milk Company is displaying very nice technicals and isn't showing any short term signs of weakness.
Long term uptrend forecasted to continue into the distant future.
A2M is currently struggling at $3.90.
On the 4h chart, can you see a long wick high test bar?
On the D chart, can you see a hanging man?
High test bar and hanging man are bearish candlestick pattern. I do not recommend buy this stock.
In this graph, I tested a programmer’s indicator called “ADX and DI with SMA on this stock.
The crossover worked well by its default SMA value (10). Price actions showed it performed as a trend. Therefore, we apply Fibonacci Extension to see where we are looking to take profit.
When to buy ?
It really depends what investor you are: Aggressive or Prudent ?
You...
In this graph, I tested a programmer’s indicator called “ADX and DI with SMA on this stock.
The crossover worked well by its default SMA value (10). Price actions showed it performed as a trend. Therefore, we apply Fibonacci Extension to see where we are looking to take profit.
When to buy ?
It really depends what investor you are: Aggressive or Prudent ?
You...
I believe most people (including myself) took their profit near $2.8 (nearly 24.3% gain in 3 weeks), this was because the price actions showed indecision around that mark.
By MACD, it was still trending upward with no crossover on 4th April.
However, by looking at Fib. Extension 150% mark, where A2M reached almost $3, showed a bit of rejection. Today's...
Most of my friends recently have their babies and consider to buy milk producers shares.
This stock reached historical Resistance at this moment. To consider a cheaper price, why not we wait a few more days, and let the share price re-test the support zone around $2.05 ?
Technically, both Stochastic & MACD shown overbought signal.
