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Stockaholics Weekly T/A Charting Challenge (11/25-11/29)

Cy's official Stockaholics thread archives group.

?

How do you see this week's chart closing for the week?

Poll closed Nov 25, 2019.
  1. Up.

    50.0%
  2. Down.

    50.0%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Stockaholics Weekly T/A Charting Challenge (11/25-11/29)
    (Read this first post for the Stockaholics Weekly T/A Charting Challenge!)

    [​IMG]

    *Link to Previous Weekly T/A Charting Challenge Thread*

    Stockaholics Weekly T/A Charting Challenge Rules & Guidelines:

    1.) Participants will take turns each week to post up a chart.

    2.) Participants (including the chart picker) will need to then vote on the direction of the chart for the week (starting points from Friday's close), and will have up until 9:30am eastern time on the first trading day of the week. There will be a new poll up for each new week. Members who correctly predict the direction (Up or Down) of the chart by week's end will receive 10 points in the members leaderboard for that week.

    3.) Members who also provide some rationale for their direction vote (this can be brief) will be awarded another 2 points in the members leaderboard.

    4.) Members who simply "participate" in the challenge will receive 1 point for the week.

    Remember...the chart direction poll closes at the opening bell on the first trading day of the new week! So try to get those votes in ASAP!

    So, w/o getting into further ado have at it with the T/A on this week's charting challenge!

    (Chart to be posted in here sometime after the market closes on Friday.)

    DYNAMIC DAILY CHART:

    [​IMG]

    DYNAMIC WEEKLY CHART:

    [​IMG]

    ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    This is a poll for the week of 11/25-11/29, 2019
    Expires Monday at the opening bell on: 11/25/19
    Don't forget to click the "Vote Now" button! ;)

    How does Stockaholics think this week's chart will close the week?

    [​IMG]

    Starting point:
    64.79

    **Starting point will be edited into this post after Friday close**
    *Link to Previous Weekly T/A Charting Challenge Thread*
    Don't forget to post your vote to be listed in the 2019

    [​IMG]

    Click the button below to view the 2019 Stockaholics T/A Charting Challenge Members Leaderboard-
    [​IMG]

    Results from the last poll (11/18-11/22)
    47.71
    45.87 (-3.86%)


    Stockaholics Voted
    [​IMG]


    No weekly poll tally for Stockaholics this week. Credit goes to the DOWN votes! :cool:


    Post your Vote!
    [​IMG]
     
    #1 bigbear0083, Oct 31, 2019
    Last edited: Nov 24, 2019
    Onepoint272 likes this.
  2. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
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    Post #1 Updated!
    Scores Graded!


    Click the button below to view the 2019 Stockaholics T/A Charting Challenge Member Voting Record-
    [​IMG]

    *Link to Previous Weekly T/A Charting Challenge Thread*

    No weekly poll tally for Stockaholics this week. Credit goes to the DOWN votes! :cool:

    Congratulations to the following members who voted DOWN in the poll!

    @Stoch
    @Onepoint272
    @bigbear0083

    Weekly T/A charting challenge direction voting poll stats:
    • Longest active weekly winning streak belongs to @Stoch with 7 straight correct weekly charting direction calls.
    • Best overall weekly poll percentage leader for the year belongs to @bigbear0083 at 65.96% voting accuracy in 2019.
    • Best overall weekly poll percentage leader for the quarter belongs to @Stoch at 87.50% voting accuracy this quarter.
    • Most consecutive correct weekly calls in 2019 belongs to @Stoch with 7 correct weekly calls.
    • Most consecutive correct weekly calls ever belongs to @Stoch with 7 correct calls in 2019.
    Here is a look at the weekly T/A charting poll members voting record leaderboard as of week ending 11.22.19-
    @Stoch is still our current leader this quarter with 87 points! :cool:
    [​IMG]

    And finally here are just some members stats from the weekly T/A charting voting records thus far in 2019-
    [​IMG]

    Click the button below to view the 2019 Stockaholics T/A Charting Challenge Members Leaderboard-
    [​IMG]

    Whelp, that is a wrap from me this week. I hope you all have an awesome weekend ahead! Have fun and be safe! Cheers y'alls! :cool:

    Please Post your Vote on this thread and make sure to also click in your Vote on the poll at the top by 9:30AM eastern time on Monday!
     
    Onepoint272 likes this.
  3. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    That's a pretty impressive weekly winning streak (7 in a row) by @Stoch. Nice work!

    [​IMG]
     
    Onepoint272 likes this.
  4. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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  5. Onepoint272

    Onepoint272 Well-Known Member

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    I'd like to go with Restaurant Brands International, Inc. (QSR) this week. QSR brands include Tim Hortons, Burger King, and Popeyes. Tim Hortons I know nothing about, it's popular in Canada apparently. However, I do remember when Burger King came to my home town back about 1973 and although the McD's premium burger at the time, the Big Mac, and later the Quarter Pounder, are satisfying and probably addictive, the Whopper I think was, and still is, superior imo, and I've never understood why Burger King was not able to succeed as well as McDonalds. They've recently added the "Impossible Whopper" and although I'm not about to switch to textured GMO-soy, I think public curiosity could help renew the brand. As for Popeyes, I recently had to go to California for business and on the way back on a layover in Dallas at the noon hour I surveyed all the restaurants in my terminal and far and away Popeyes, the purveyor of Louisiana spicy chicken, had them lined up the longest. I believe they have room to grow in the U.S. and abroad.

    I'm interested in buying QSR but it's been in a downtrend the last couple months. So what do you think, is next week an opportunity to dip the toe into the water?
     
    Three Eyes likes this.
  6. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Really nice pick for myriad reasons, not the least of which for putting this on our radar. I'd forgotten all about QSR, and will be watching this one for selling puts in the coming weeks.

    On the weekly, one can kinda eyeball 62.5 as the resistance-flipped-to-support line. For me, that's the first line in the sand, cause QSR really hasn't tested support since it's pop early in this year. I kinda see 55 (where the big weekly up-bar formed in mid-January) as the next line in the sand if QSR plummets through 62-ish. I could flip a coin for the coming week, but restaurants haven't been great performers lately and QSR definitely has some bearish momentum going at the moment, so gonna vote:

    DOWN

    Screenshot 2019-11-23 at 2.01.18 PM.png
     
    Onepoint272 likes this.
  7. Stoch

    Stoch Active Member

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    [​IMG]

    If you compare them with McDonald and Yum, the sector looks pretty much the same for all 3. All suffered a recent 15-20% correction (Yum did the worst) since the market went risk on in September and the sectors rotated. Its been a pretty good correction, with a mostly flat recovery so far, so without a bounce I think there may be another leg down and voting Down
     
  8. rStock

    rStock Well-Known Member

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  9. Lico Inv

    Lico Inv Active Member

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    What an amazing, interesting brand! I've been playing QSR for years. Thanks for the excellent choice.
    I will go with UP this week
     
    Onepoint272 likes this.
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    QSR UP

    One thing, in the relative strength chart this is right on the trend line connecting higher lows.
    [​IMG]

    I'd be really alarmed to see the relative strength go down more from here because it's already as low as it was back in December of last year (grey vertical line) when everything was plummeting. This has really been pushed down, by some force beyond the general market. Can see the RSI went down to the 20s. Very low probability of going lower.

    So I say it holds the low from early this month, and bounces nicely.

    Regular price chart. Trend line shown connects the same low dates as in the relative strength chart.
    [​IMG]
    One interpretation I come up with from this is this is a value price to buy at, assuming the trend holds.
     
    Onepoint272 likes this.
  11. Onepoint272

    Onepoint272 Well-Known Member

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    Great replies on this guys. I'm going with UP as I think it needs to build cause in here and just guessing it'll have time to end up for the week even with the shortened trading week.

    130-minute bars:
    upload_2019-11-25_3-34-4.png
     
  12. bigbear0083

    bigbear0083 Content Manager
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    I'm just throwing the midweek update in here a day early since I will not be present tomorrow to do this.

    _________________________________________________________________________________________________________________________________________

    Midweek Chart Update-

    START (11/22/19 CLOSE): 64.79
    CURRENT (11/26/19 CLOSE): 65.16 (+0.57%)


    [​IMG]
     
    Onepoint272 likes this.

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