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- Last Update: 26 November 2020, 0:50
All chart patterns are not created equally and when found rounding bottoms, bases etc are at all different stages of development. Some stocks may take weeks, months and others could be ready when first found. Patience is key. Never follow a trade blind. Have your own plan in place. It is your hard earned money at risk.
If new to Trading check out my friend Justins YouTube Channel:
Targeting Alpha: https://www.youtube.com/channel/UC8i9ISJCqu1M4fCShVhtf-w
10/30/20 My approach as the election looms, and some TA damage on the major market indexs mostly the Daily timeframes, if you are long dont stay for too long, more day trade then swing. I will be watching closely the UVXY has intra-day resistance at 22, SPY to possibly go either way depending on what I see, SPX or SPY has support at 3,200 or 320. $INDU bounced off the 200 day on the daily.
11/3/20 Dow surges over 500 points as stock market sees best Election Day gain since 2008
11/13/20 Stocks Rally to Record as Small Caps Outpace Tech
11/18/20 Discord Chat: Onlythecharts TEN Symmetrical Triangle breakout +.64 close High 10.43 mentioned 11/17
11/19/20 Discord Chat: Onlythecharts LMNL moved quicker the expected +1.09 close 5.51 High 5.70 mentioned 11/18
11/20 Worth noting: $INDU looks like a Megaphone pattern with a gap to fill around 28,750 or so.
11/26/2020 Happy Thanksgiving!
8/21 S&P 500 Notches Longest weekly winning streak of 2020. S&P 500 and Nasdaq each set fresh record closing highs.
8/28 Dow ends Friday around 3% off record closing high as stock market wraps up best August in 36 years
9/8 Oil prices stumble, hit June lows on Saudi price cut, COVID flare-ups. $WTIC -3.01 close 36.76
9/11 S&P worst week since June, Big Tech slides, Nasdaq Composite drops 4% for week
9/18 S&P 500 closes below its 50-day moving average for the first time since April 23
9/25 S&P 500 Notches Fourth Week of Declines
9/25 Gold ends lower to suffer worst weekly slump since March
10/9 S&P 500, Nasdaq post best week since July
10/26 Dow drops 650 points as S&P 500, Nasdaq post worst day since September.
10/28 Dow sinks more than 900 points for its worst drop since June
11/9 52 week high or not, ugly candlestick close with selling pressure wick, the Accum/Dist headed the wrong way.
11/13 S&P 500 jumps to record close
11/20 Oil prices up a third week as vaccine hopes outweigh rising COVID cases. Currently closed above the 30 week MA on Weekly
11/24 Dow 30,000 makes history, S&P hits fresh record
3/6 Weekly close + 18.15 Doji close above green cloud.
3/13 Weekly close -261 briefly broke the 200 DMA but closed above it. That%27s one massive buying pressure wick.
3/20 Weekly close - 406 RSI 21.49 under 30 MA,200,50
3/27 Weekly close +236
4/3 Weekly Close -52.82
4/8 One day go but we closed above 200DMA for today
4/9 Weekly close +301
4/17 Weekly close +85
4/24 Weekly close -38 (doji)
5/1 Weekly close -6.03 (selling pressure wick)
5/8 Weekly close +99 The VIX has been declining for weeks now, looks like 25 is a strong possibility good for the markets.
5/15 Weekly close -66
5/22 Weekly close + 91.75
5/29 Weekly close + 88.86 Officially above the 50 DMA,30 Week MA and above green cloud
6/5 Weekly close + 149. 62
6/12 Weekly close - 152
6/19 Weekly close +56
6/26 Weekly close -88.69
7/3 Weekly close + 120
7/10 Weekly Close +55
7/17 Weekly Close +39
7/24 Weekly Close - 9.10
7/31 Weekly +55
8/7 Weekly + 80
8/14 Weekly +21.57
8/21 Weekly +24
8/28 Weekly + 110.95
9/4 Weekly - 81
9/11 Weekly -85
9/18 Weekly -21.50
9/25 Weekly -21
10/2 Weekly +49.96
10/9 Weekly +128
10/16 Weekly +6.67
10/23 Weekly -18.42
10/31 Weekly -195
11/6 Weekly +239 Stocks Finish Best Week Since April
11/13/ Weekly +75.71 Doji close
12/20 Weekly - 27.61
7/31/2020 - Apple announces 4-1 stock split as shares cross $400 following record Q3 earnings. No way or how is this a recommendation to buy now at these levels, solely to watch and wait for developments in the chart.
8/21/2020 Apple becomes first U.S. company to reach a $2 trillion market cap
9/2/2020 RSI levels very overbought its due for a correction.
9/4/2020 Weekly decline -3.85 Low 110.89
9/18/20 Weekly decline -5.16 Low 106.09 closed under the 50 day.
9/25/20 Weekly gain +5.44 Low 103.10 High 112.86 reclaimed the 50 day MA need to see more improvement on the daily indicators but still intra-day opportunities always available with this one.
10/23/20 Earnings 10/29 after market
10/30 Weekly decline -6.18
11/20 Symmetrical Triangle Looks ready to roll over how long that will last well have a day trader mindset support 110 and resistance 120
11/23 -3.49 Low 113.75 10 cents off of low a day.
9/4/20 a @Bombay55 find. Personally looking for a base/rounding bottom extreme RSI oversold levels, watch the 5 minute chart for scalping opportunities
9/14 On the 5 min time frame a wall of resistance at 2.74 dating back from last week.
9/17 Nice pop +.28 (10.49%) today and closed above 2.74 massive above avg volume of over 11.6M
9/18 Triple Witching Weekly gain +.27 High 3.08
9/21 About 2:45 a big pop on the 5min out of nowhere to close +.002
9/25 Weekly decline -.32 Low 2.34 a decent small base was destroyed and new 52 week low was made, doji close lets see if can base yet again as RSI oversold levels are under 20. The Accum/Dist needs to stop down trending and level off.
10/5/10 +.22 close 2.69 a penny off of HOD, Accum/Dist line improving lets see if we can build on this, flatlined on the 5 min time-frame at a point looking forward to tomorrow and not of that nonsense happening again.
10/9/20 Weekly gain +.64 High 3.12 a close over 3.
10/12 +.21 High 3.54 didn%27t hold even close to its high.
10/13 +.23 High 3.57 yet today only 2 cents away from HOD
10/16 Weekly gain +.67 High 3.84
10/23 Weekly decline -60 low 2.90 odd spike to 4.18
10/27 - .42 Low 2.37 nearly back to early October prices.
10/28 Down .94 for week and its only Wednesday. a great long, has turned into a even better short.
10/29 52-wk low 2.25 Earnings 11/5 before market
10/30 Weekly decline -.96 low 2.09 RSI oversold but as in the past the stock can get to extreme levels. Can history repeat and it base out again. if you play scalp it.
11/18 Doji close be on alert for a possible reversal High 2.90
12/20 Weekly gain +.34 High 2.97
11/23 +.19 close over 3
11/25 + .22
10/6 Symmetrical Triangle EARNINGS 11/12 After Market
11/9 Green to deep red, very disappointed in this one as it was another victim of selling pressure on the gap open and attempted to comeback only to close a few cents of the low of day. High 10.84
11/13 Weekly decline -.25 low 8.74 Fake out break out.
11/16 +2.49 close 12.19 High 12.55 today different story regarding close above an with huge volume.
11/20 Weekly gain +12.97 High 24.84 Extremely overbought RSI 87 time to take them profits if you have not.
11/13/20 Either way Trading Range. If you look back around Sept and early Nov doji close at support or lower range and pop back up nearly to the top.
10/20/20 Extremely oversold RSI base. Day trade/ scalp work through that 5 minute time-frame
10/23/20 Mini Base with resistance of 5.50 or so
10/27/20 Earnings 11/2 after market
10/30 Weekly decline -0.07 low 4.53 to close at the High of the week 5.23. One can make a case of longer out base. The indictors overall held up. Monday Earnings after the close.
11/3/20 ER pop +.32 High 6.04 close 5.76 doji in a thick red cloud be on alert
11/6/20 Weekly gain +.16 High 6.04
11/9/20 +1.84 high 7.62 RSI overbought levels.
11/13/20 Weekly gain +1.08 High 7.62
11/20/20 Weekly gain + 1.54 High 8.78 short-term correction looming
11/23/20 +1.93 High 9.94 in RSI Overbought
11/20/20 Watching since 11/13 a diamond top which is bearish but CC had the same exact pattern and even worse Accum/Dist line but bounced to defy the pattern. If thats case or not, worth watching and do the according.
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