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Stockaholics Weekly T/A Charting Challenge (12/31-1/4)

Cy's official Stockaholics thread archives group.

?

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

Poll closed Dec 31, 2018.
  1. Up.

    20.0%
  2. Down.

    80.0%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Stockaholics Weekly T/A Charting Challenge (12/31-1/4)
    (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 12/31-1/4, 2019
    Expires Monday at the opening bell on: 12/31/18
    Don't forget to click the "Vote Now" button! ;)

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

    [​IMG]

    Starting point:
    91.12

    **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 (12/24-12/28)
    826.04
    839.01 (+1.57%)


    Stockaholics Voted
    [​IMG]


    Stockaholics wins the weekly poll tally this week! Credit goes to the UP votes! :cool:


    Post your Vote!
    [​IMG]
     
    #1 bigbear0083, Dec 11, 2018
    Last edited: Dec 31, 2018
    internationalstocks likes this.
  2. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Post #1 Updated!
    Scores Graded!


    Click the button below to view the 2018 Stockaholics T/A Charting Challenge Member Voting Record-
    [​IMG]

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

    Stockaholics wins the weekly poll tally this week! Credit goes to the UP votes! :cool:

    Shout out goes out to our 5 posted UP voters for this past week!-

    @Steven_Burt
    @rStock
    @anotherdevilsadvocate
    @bigbear0083
    @Onepoint272

    Special commendation also goes out to our weekly T/A charting poll consecutive winner finishing with 3 in a row on the year!-

    @Steven_Burt

    [​IMG]

    @Steven_Burt is also our weekly poll percentage winner for 2018 and Q4 with a 100.00% voting accuracy this year and quarter! :cool:

    Here is a look at the weekly T/A charting poll members voting record leaderboard as of quarter ending Q4-
    Congratulations to @Steven_Burt our weekly T/A charting poll members leaderboard winner with 36 points this quarter! :cool:
    [​IMG]

    @Steven_Burt is our 1st time winner of the weekly T/A charting poll members voting record leaderboard this year!-
    [​IMG]

    And finally here are the members stats from the weekly T/A charting challenge voting records in 2018-
    [​IMG]

    Click the button below to view the 2018 Stockaholics T/A Charting Challenge Members Leaderboard-
    [​IMG]

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

    ...and please do not forget to click in your vote on the poll & post your vote before the opening bell on Monday!!!
     
  3. bigbear0083

    bigbear0083 Content Manager
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    #3 bigbear0083, Dec 28, 2018
    Last edited: Jan 2, 2019
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    How about ABBV?

    Screenshot 2018-12-28 at 9.03.54 PM.png
     
    Steven_Burt and bigbear0083 like this.
  5. internationalstocks

    internationalstocks Active Member

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    Lico Inv, bigbear0083 and Onepoint272 like this.
  6. bigbear0083

    bigbear0083 Content Manager
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    going with down.

    sorry, not much time for me this weekend for rationale. if i'm able to check back in sometime tomorrow i'll edit this post with some rationale.
     
  7. Steven_Burt

    Steven_Burt Well-Known Member

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    Down - The trend is down with lower lows and lower highs, stronger volume on down days, and at ma(20) resistance. A break below 89.78 will trigger stops and flush abbv imo.
     
    bigbear0083 likes this.
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ABBV has held up very well.
    But the sector in general is going down
    [​IMG]

    And ABBV looks like it's right at resistance

    [​IMG]
    You can draw the line connecting tops 1) right before April and 2) in December.
    Also that 90 level is a big one. ABBV happened to get above it on Friday, a testament to its internal strength. But I think more generally we should look down.
     
    bigbear0083 and Lico Inv like this.
  9. Onepoint272

    Onepoint272 Well-Known Member

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    I'm with you fellas. Down.

    A 1x1 point & figure price objective was $93 and it reached to $92.81 so that cause has been used up. On a 30-minute-bar chart, below, it got overbought on the shortest and intermediate-term time-frame up-channels. It may go sideways for a day or so and build some cause but it appears the next move is a descent back down to the demand line of the intermediate-term up-channel. On a longer time-frame, as Steven and ADA pointed to, the trend is down. So all in all, I expect it'll close lower by the end of next week also.

    30-minute bars:
    upload_2018-12-29_12-19-3.png
     
    #9 Onepoint272, Dec 29, 2018
    Last edited: Dec 29, 2018
    bigbear0083 likes this.
  10. Onepoint272

    Onepoint272 Well-Known Member

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    I remember shorting late in the bear off the 2000 high when the PPT was particularly active. Their interventions were so obvious on the tape. I'd have a good short working, with every expectation of a waterfall into the close, but then instead, in the last hour, a massive market-wide stick save would ensue, a crazed short-covering rally out of nowhere initiated by the gubermint's PPT. To say the least one develops a disdain for the Merkin empire's bank-run centralized economic system and for all the pinheads who thought their stocks were up on good fundamentals, braying on about their exceptional stock picking abilities and attention to due-diligence nonsense.
     
    #10 Onepoint272, Dec 29, 2018
    Last edited: Dec 29, 2018
  11. rStock

    rStock Active Member

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    I'm voting DOWN
     
    bigbear0083 likes this.
  12. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    In my heart of hearts, I agree with the sentiment here for down.

    But I'm voting UP, because I feel like with everything the market has been doing lately, the weekly ABBV chart looks short-term bullish to me.

    Screenshot 2018-12-30 at 7.37.51 PM.png
     
  13. Lico Inv

    Lico Inv Active Member

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    Voting - UP.
    I say the trend continues upward.
    I think ABBV, the pharma powerhouse will go up a few more dollars by Friday, before peaking and then falling down possibly double-digit dollars in the following weeks.
    The upward days should be similar to the consecutive Upward days that ensued in early November.
    (I do think the odds are against me, but that's how I like it).
     
  14. bigbear0083

    bigbear0083 Content Manager
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    Midweek Chart Update-

    START (12/28/18 CLOSE): 91.12
    CURRENT (1/2/19 CLOSE): 89.23 (-2.07%)


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