Cant seem to take my eye off retailers... Heres another one with relative strength to XLY, looking ready to break out of the range its been in all year and continue up the trend channel from 2015 Also changed my chart theme again... I think ill stick with this one, im finding mono-colored bars make me pay closer attention to what each bar is saying more so than having the distraction of different colors for up/down days.... Just wish I could set it that way on the mobile
PLCE fell back from that previous high with small volume but it would be nice to see it pause and retest that $141 area which should be strong support and a low risk entry.
Lines are made to be broken It came into the range on strength, so without a sign of weakness, the default assumption would be a break up, not down
Whoa. I just noticed that I completely missed last weekend's updates in here. Good stuff from you guys. @Jrich @Onepoint272 @anotherdevilsadvocate and also @rg7803 ^^ good to see you chiming in Rui.
Just to follow up on PLCE, after those 2 execs decided to leave, the stock price plunged but 141 did hold on a daily and weekly basis. On the daily it fell of the top with volume, not good. I expect it will retest 136 and at best will have some work to do. WEEKLY:
thread bump for this weekend. also, i just wanted to quickly add in here that i have started up a new thread in here this past week in case any of you missed it the other day. https://www.stockaholics.net/threads/what-would-you-be-trading-investing-today-and-why.7438/ ^^ full credit goes out to @ApexC for the thread idea.
I'm watching IMAX for a multi-month bounce from these levels. I've played it twice from this range so far in 2018 (back in January/February and March/April), then I left the country for 6 months, and now I'm back and taking stock of some of my old faves and delighted to see it setting up for another swing.
i apologize in advance if this sounds like really nerdy or awkward or whatever, but i just needed to say this.......... YES!! honestly the best news i've heard all weekend lol. been waiting for this day for a long time now. a huuuuuge welcome back! gonna be a real treat seeing you on the forums regularly again @Three Eyes
Thanks much! Hope I will now have time to trade and do more research and contribute more. I'm sloooowly getting re-acquainted with all my old watch-lists.
anything lighting up anyone's radar going into this weekend? i can't believe we are heading into the final trading month of the year.
COST weekly charts showing it holding up pretty well these past few months and appears to be using the higher-VIX environment to consolidate at current levels. I may be looking to swing into some additional positions over the coming couple months.
This NVTA chart is looking ready to mark up to $54. I own some at 13.88, thinking of buying more. Weekly bars:
