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Stockaholics Weekly T/A Charting Challenge (3/25-3/29)

Cy's official Stockaholics thread archives group.

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

Poll closed Mar 25, 2019.
  1. Up.

    37.5%
  2. Down.

    62.5%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Stockaholics Weekly T/A Charting Challenge (3/25-3/29)
    (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 3/25-3/29, 2019
    Expires Monday at the opening bell on: 3/25/19
    Don't forget to click the "Vote Now" button! ;)

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

    [​IMG]

    Starting point:
    33.02

    **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 (3/18-3/22)
    33.14
    34.50 (+4.10%)


    Stockaholics Voted
    [​IMG]


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


    Post your Vote!
    [​IMG]
     
    #1 bigbear0083, Mar 5, 2019
    Last edited: Mar 22, 2019
  2. bigbear0083

    bigbear0083 Content Manager
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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*

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

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

    @Three Eyes
    @Steven_Burt
    @rStock
    @Lico Inv
    @internationalstocks

    Weekly T/A charting challenge direction voting poll stats:
    • Longest active weekly winning streak belongs @Steven_Burt with 4 straight correct weekly charting direction calls.
    • Best overall weekly poll percentage leader for the year belongs to @bigbear0083 at 75.00% accuracy in 2019.
    • Best overall weekly poll percentage leader for the quarter belongs to @bigbear0083 at 75.00% accuracy this quarter.
    • Most consecutive correct weekly calls in 2019 belongs to @Onepoint272 and @bigbear0083 with 6 correct weekly calls.
    • Most consecutive correct weekly calls ever belongs to @Steven_Burt, @Onepoint272, and @bigbear0083 with 6 correct calls in 2019.
    Here is a look at the weekly T/A charting poll members voting record leaderboard as of week ending 3.22.19-
    @Steven_Burt and Onepoint272 are our current leaders this quarter with 108 points each! :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!
     
  3. bigbear0083

    bigbear0083 Content Manager
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    Special mentions to @Steven_Burt with the current Stockaholics high at 4 in a row! Nicely done Steve. ;)

    [​IMG]
     
  4. bigbear0083

    bigbear0083 Content Manager
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  5. bigbear0083

    bigbear0083 Content Manager
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    Sorry, kind of in a rush here and don't really have a whole heck of a lot of time to look for an interesting pick, and have quite the busy weekend ahead.

    Anyway, my pick for this week is: TWTR.

    Charts have been added to the first post.
     
    Onepoint272 likes this.
  6. bigbear0083

    bigbear0083 Content Manager
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    i'll go with a down vote for this week.

    gap fill, and finding resist at the daily 200ma...and also thinking broad markets will be weak going into next week as well.
     
  7. Steven_Burt

    Steven_Burt Well-Known Member

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    At first glance on the intra day chart my thought was that on Monday we would break below a key level and flush a bit. After pulling out on a daily chart this is really a bullish chart. It's above the ma's curling up and has increasing volume.

    Going with - UP
     
  8. Fxortrader

    Fxortrader New Member

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    Voting up market
     
  9. Stoch

    Stoch Active Member

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    Voting down - that 50day ave on the weekly keeps a lid on the price and until it gets through, I vote short
     
    bigbear0083 likes this.
  10. rStock

    rStock Well-Known Member

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    It's going up then down the end of the week ... I'm voting DOWN
     
    bigbear0083 likes this.
  11. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Voting - UP

    I initially was thinking down. On the daily, it couldn't close above the trendline:

    Screenshot 2019-03-24 at 9.59.34 AM.png

    But volume rose steadily all week and the price popped nicely with the volume. Add the selling pressure from market conditions on Friday, and in my mind this thing would have closed above the trend and the 200 daily MA (the red line). [the green line is the 250 EMA.] Even if it was rejection, there is sill some upside headroom remaining before retesting the rising bottom trendline of the wedge.

    Still, I like to run patterns like this through a weekly momentum chart, using momentum indicators of slow stochastics, OBV (on balance volume, which measures cumulative volume and, as such, is seen by some as a rough measure of institutional interest because teensy retail investors like us can't really move this indicator), and SCTR (StockCharts Technical Rank, which is a proprietary indicator on StockCharts that measures relative strength against peers). The results are momentum-bullish, just like the past couple swings in this stock. To be clear, the momentum indicators aren't saying that TWTR is going to break out --- the stock could remain in a tight consolidation range for, well, who knows how long? But for the next week, it looks like UP is a safe call.

    Screenshot 2019-03-24 at 10.22.11 AM.png
     
    #11 Three Eyes, Mar 24, 2019
    Last edited: Mar 24, 2019
    Steven_Burt likes this.
  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I like TWTR, its EPS exploded in 2018 (see the turnaround since 2017 https://www.nasdaq.com/symbol/twtr/revenue-eps)
    and still the growth rate is 44%. Right now its at the VAH in the 1-year chart courtesy of ThinkOrSwim, and it also just did a gap fill on Friday.

    I can't figure out what the game will be leading up to the next ER. Do they run it up to the next gap at $37 heading into the next ER, then drop it on the ER back to the POC? That would help foment distrust in TWTR, as they gear it up for a big time move. Or do they keep it in the Value Area until the next ER (assuming the market does not support breakouts for now), then gap it up on the ER day? That would make sense, because all the gains would happen in a flash, and would be tough to collect unless you were a true believer.

    I'll vote DOWN for this week, but UP bigly by next year.
    Twitter is something that people would definitely notice if it were to disappear.
     
    bigbear0083 and Lico Inv like this.
  13. Onepoint272

    Onepoint272 Well-Known Member

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    I'm going with DOWN also.

    On 65-minute sticks it appears to have climaxed and rejected the supply bar (gap down) of Feb 7th and doesn't appear to have enough demand for a decent retest. Since it bulged above the supply line of the uptrend channel, I suspect it will make a similar showing below the demand line of the channel.

    upload_2019-3-24_21-25-56.png
     
    bigbear0083 and Lico Inv like this.
  14. Lico Inv

    Lico Inv Active Member

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    Down, following the market
     
    bigbear0083 likes this.
  15. bigbear0083

    bigbear0083 Content Manager
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    Midweek Chart Update-

    START (3/22/19 CLOSE): 33.02
    CURRENT (3/27/19 CLOSE): 32.28 (-2.24%)


    [​IMG]
     
    Onepoint272 likes this.
  16. rStock

    rStock Well-Known Member

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    We’re back to where were starting ...
     
  17. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    If TWTR pins the week's opening price, does everyone win? Or does everyone lose? :D
     

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