- Rank: 67
- Followers: 9
- Votes: 9
- Years Member: 16
- Last Update: 17 September 2020, 20:53
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
7/10 So many green to red this week or gains not truly holding like you would think. 52 week highs all over the place with big names, but the participation not as broad base as one would think.
7/14/20 - Power outage for over 3 hours the other day 7/13, trying catch up now on updates.
7/31 Discord chat: Spotted a Rounding Top in the works with $CL "OIL" on the daily/weekly. I will be keeping a eye on SCO. Oddly enough no OIL stocks came up having rounding top so far, but probably will in weeks ahead.
8/4/2020 Power outage at 9:36 A.M and it came back 1.24 p.m. due to a tropical storm/tornado
8/7/20 - $WTIC $CL the daily rounding top looks a bit distorted now but price was rejected by the 200DMA, the weekly still intact, so I%27m not ready to say that OIL is defying the bearish pattern.
8/10/20 Nice call out by Incongruent regarding TTOO +.40 High 2.14 over the weekend also OnlytheCharts GOOS for a daytrade
8/17/20 ThinkorSwim data went down for nearly the whole day, even when it came back there were issues, hindered but did my best to overcome. 8/18/20 Thinkorswim desktop platform day 2 of issues.
8/21 Nice call out RKT on 8/10 by Targeting Alpha also few days before by Incongruent . I posted on stocktwits regarding it the move salvaged my week.
9/1/2020 Noteworthy to mention strange backwardness of another indicator I use forced me out of CLDR early and today it hit the level I originally had my sell limit order at. UVXY rallying while the market is up? RSI levels very overbought on all major indexes. Correction overdue and election jitters? possibly both?
9/4/20 Dow - 807 Nasdaq -598 SPX -125 UVXY popped +4.82 to close at 28.90 (20.02%)
9/5/20 Weekly decline Dow - 520 Nasdaq -382 SPX -81 UVXY - 3.60 close 25.30 High 32.18
9/11/20 Weekly decline Dow -467 Nasdaq -459 SPX -85
6/5 The Nasdaqs 43% rise since late March puts the tech-heavy index far ahead of the broader S&P 500. Nasdaq touched a all-time high Friday.
6/5 RSI headed into overbought territory but things can get more frothy, two gaps filled next one is at 3,300
6/8 S&P 500 Wipes Out 2020 Loss With a Historic Rally: U.S. stock benchmark has surged about 45% from its March low.
6/10 Dow and S&P 500 post back-to-back losses, but Nasdaq closes above 10,000 for the first time
6/12 Wall Street ends higher but indexes mark worst week since March selloff
6/23 Some resistance 3150 will it matter or not this time, stay tuned.
7/6 closed above resistence of 3,150
7/10 Nasdaq grabs new record as stocks post weekly gains Apple, Amazon and Netflix hit fresh records
7/13 Nasdaq sinks 2%, and broader stock market, ends negative in a stunning Monday reversal in final hour of trade
7/24 Gold stages the highest weekly closing price on record at $1899.80 an ounce
8/7 Filled the gap of 3,300 Dow and S&P 500 eke out their sixth straight gains
8/11 Spot gold is on track for its biggest single-day decline since 2013
8/14 Gold futures mark first weekly loss in 10 weeks
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
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
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
9/4/20 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
9/11/20 - Rounding bottom, back in mid March ALEC was listed as a Symmetrical Triangle and moved up at the open only to fall apart. I listed it on my RSI under 30 list on 8/28 lets see if its different this time around and the stock does what it supposed to do.
Found on 8/21/20 and listed 9/3/20 - Rounding top check notes up-top, been watching this pattern for awhile today could be the day it finally pans out.
9/4/20 Weekly decline -.89 Low 10.85 SCO long short oil did better +2.21 High 17.18
9/10/20 That was quick already hit RSI oversold levels.
9/11/20 Weekly decline -.63 Low 10.09 SCO weekly gain +1.51 High 19.65
8/7/20 Either way trading range
8/14/20 Chop and slop movement getting ever closer to the bottom its range.
8/19/20 Breakout with above avg volume +5.72 High 105.12 which is a 52 week high.
8/21/20 Weekly gain +.96 gave back nearly all of its gains High 105.12 Ugly candlestick close on weekly.
8/28/20 Bounced off the lower end of its range Weekly gain +.25 High 91.50
9/4/20 Weekly decline -8.69 Low 76.71
9/11/20 Weekly decline -2.04 Low 78.51
3/20/20 - Watching this one since its IPO. I%27m replacing TLRY with this one.
3/25/20 - Defying back to back doji closes, can it keep on going.
5/2/20 Earnings 5/6 after market.
5/13/20 Lets see if 70 support can hold
5/22 Held support +8.86 Weekly gain
7/31 Volume for July has dried up rather noticeably. Monthly gain +16.21 High 107. and pays a decent dividend
8/31 Monthly gain +18.86 High 126.10 not much improvement with the daily volume. Getting a bit frothy RSI correction looming.
9/4 Weekly decline -7.49 low 108.50
9/11/20 - Rounding Top potential to red line at minimum. Earnings 9/24 before market.
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