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This is a quick description as how I use STOCH and the RSI2 to help me find key pullbacks in a trending market.
Throughout trending markets we expect to see healthy pull backs. This happens as people rotate out of certain stocks/sectors, price drops and this gives us a great opportunity to enter the stock at a discounted price.
If we take $MSFT as an example we ...
So I haven't posted for a while but thought I'd get back into the social aspect of trading.
I was in Apple several times last year and held my last position from $155 to $200. Price is still rising and currently sits at just below $208. An impressive run and the first Trillion dollar company.
I think we will see a pull back to $200 where price will stagnate for ...
Looking at a buy order just above the close of todays high.
Although we have seen this market correction over the last few days BBA stands out to me for the following reasons:
RSI & STOCH oversold
Strong volume at support
Analyst consensus is market outperform
I'm looking to short GBPUSD on a break of Fridays low.
Price looks over extended to me, RSI and STOCH overbought and price is approaching the 200MA. We saw some rejection from the top channel line last week. This channel has formed over the last 12 months.
If price does break lower I will short to 1.36.
Stops at 1.44
Buy order placed at 343 which is above Fridays high.
RSI & STOCH both oversold. Last time STOCH was at these level price rallied from 318 to 370.
Solid fundamentals, increasing profit margin, analyst ratings outperform/buy.
Stop at 320
Buy order set above todays high. Price has been oversold on the RSI and STOCH and price has broke higher today on positive news of 130 new stores being opened over the next year.
Financials look solid alongside the technicals.
Britvic is buy for me from 804.
Price has held the 50ma on some decent volume with a nice break higher today just popping through the 800 level. Price could retrace from here slightly but I believe long term this is a sold company. Financials look good. If price breaks 820 we should have a clear run up from there.
Looking at a buy order on Allstate above the high of todays close.
Price has formed an outside day bar, RSI and STOCH showing oversold signal and the market is in a strong uptrend. Price could retest 94-95 but I feel it is unlikely based on the PA. Volume is around average at just under 2 million shares traded. Price is hugging the 50ma so hopefully we will see ...
AMAT has stalled as of late and does not fit my usual entry criteria. However, knowing what this company does and based on previous trades I believe we will shortly break the $54 area and hit $60 very shortly.
Price could test the $50 trend line, however, the 100MA is holding for now.
This is a great company with ever increasing growth.
My target is ...
Buy order set for a break of todays high.
Price is oversold on the technicals and broker consensus is 184. Strong consistent financials.
My target is 198 with stops at 158.
So if we look back at my chart from the 11th April you will SMDS paid off nicely for us hitting both targets.
Since then the company has moved into the FTSE 100 and has shown good growth over the last year. We have seen a small pull back to the 520 area after profits came in slightly lower than expected.
Technically the RSI & STOCH are shown oversold. Volume is ...
Looking at a buy on FCSS. I've been looking at getting into some of the Chinese stocks and this seems like an easy option.
Financials are looking good and the Chinese market is booming.
Technically price is oversold using my entry parameters with a solid move higher on Friday. Entry will be on a break of Fridays high.
Stops - 210
TP1 - 260
TP2 - 300
Looking at a buy entry from 340.
Financials looks good. From a technical standpoint the RSI/Stoch are both oversold and price has rejected strongly from the 200ma forming an outside day bar.
I'll run a pretty tight stop at 320.
TP at previous high of 388.
Just a little chart showing the incredible run of Bitcoin over the last year.
What stands out to me is the pullbacks are all very similar at around 38-40% after a strong run. If we apply this logic to the next pull back, if price was to reverse now we could see lows of 7-7.5k.
With brokers recording record sign ups and limited coins in circulation price looks ...
Looking at the chart I believe FB is oversold. I've bought in at 175.
Price has virtually replicated the PA from the 25/09. The candlestick patterns and volume are identical. If price replicates the previous move we could see upside to $195.
It's not my usual type of analysis but its hard to ignore.
Looking at BWY for a potential long.
Price has shown strong volume/support at the 34.10 area, this coincides with the 50ma and the .5 fib.
RSI and STOCH oversold at 34.10
Entry on strong break of todays high.
TP 1: 38.00
TP 2: 40.00
Ball is looking promising for a long position above todays high.
Price has formed a strong bullish engulfing bar from the 200ma. Both the RSI and STOCH are in oversold zones. We have also seen nearly double the daily average volume traded today.
Stop just below the 200ma at 39.5
First TP at 43
Second TP at 45
Trade active on EA at $112, stop at 105.
Huge volume at $110 level propping the price up. Good fundamentals and with the xmas season coming with the new xbox one X, Nintendo switch and PS Pro it should see good results into next year.
Target of $138.