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Stockaholics Weekly T/A Charting Challenge (6/3-6/7)

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 Jun 3, 2019.
  1. Up.

    80.0%
  2. Down.

    20.0%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Stockaholics Weekly T/A Charting Challenge (6/3-6/7)
    (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 6/3-6/7, 2019
    Expires Monday at the opening bell on: 6/3/19
    Don't forget to click the "Vote Now" button! ;)

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

    [​IMG]

    Starting point:
    76.06

    **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 (5/27-5/31)
    121.72
    120.90 (-0.67%)


    Stockaholics Voted
    [​IMG]


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


    Post your Vote!
    [​IMG]
     
    #1 bigbear0083, May 13, 2019
    Last edited: Jun 1, 2019
    ElectricSavant and Onepoint272 like this.
  2. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
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    6,077
    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
    @anotherdevilsadvocate
    @Lico Inv

    Weekly T/A charting challenge direction voting poll stats:
    • Longest active weekly winning streak belongs to 3 members with 1 straight correct weekly charting direction calls.
    • Best overall weekly poll percentage leader for the year belongs to @bigbear0083 at 72.73% accuracy in 2019.
    • Best overall weekly poll percentage leader for the quarter belongs to @bigbear0083 at 66.67% 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 5.31.19-
    @Onepoint272 is still our current leader this quarter with 72 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. Onepoint272

    Onepoint272 Well-Known Member

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    If I'm not mistaken I believe I'm up to pick this week. I'll go with SBUX.
     
    bigbear0083 likes this.
  4. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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  5. Stoch

    Stoch Active Member

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    Going to have to vote down. Looks pretty resilient in the past few days and a decent candle for the week, but I think the market heads lower and may take everyone along for the ride lower
     
  6. Onepoint272

    Onepoint272 Well-Known Member

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    I'm going to guess UP.

    On the weekly chart SBUX is undoubtedly up-trending. The weekly also printed a long lower tail (a buy tail) this past week.

    On the daily (shown just below), there just hasn't been any large supply coming into the market on this retracement. On Tuesday it had markedly increased volume but not commensurate downward progress, indicating demand was present. Then for the last three trading days, Wed, Thurs, Friday, SBUX printed closes well above mid range showing that the professionals have an appetite for the stock at this level. Also, Friday appears to have been a lower-volume test of the buying-tail bar printed on Wednesday.

    On the hourly (65-minute) chart (2nd chart below) it appears like it may be on the springboard; tested and prepared for a move higher.

    Maybe I should add to my current holdings. Using a 3-timeframe system (weekly, daily, hourly), SBUX seems to check all the boxes.
    • The up-trending weekly dictates trades only be initiated on the long side.
    • The Daily is in a counter-trend position (and with 3 bullish bars).
    • The 65-minute chart is in a springboard (prepared) position.
    Daily Bars:
    upload_2019-6-2_13-44-34.png

    65-Minute Bars:
    upload_2019-6-2_13-59-39.png
     
    #6 Onepoint272, Jun 2, 2019
    Last edited: Jun 2, 2019
    bigbear0083 likes this.
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I'll vote UP

    I look for this to hold above the 20 week ma, which it got close to testing last week. Made a nice bounce last week and I don't think that'll reverse this week.
     
    bigbear0083 likes this.
  8. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    UP [last week, on rising down volume, it nearly ended the week flat. The bulls aren't done with this one yet.]

    Screenshot 2019-06-02 at 10.47.38 PM.png
     
    bigbear0083 likes this.
  9. rStock

    rStock Well-Known Member

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    UP
     
    bigbear0083 likes this.
  10. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    6,077
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Midweek Chart Update-

    START (5/31/19 CLOSE): 76.06
    CURRENT (6/5/19 CLOSE): 79.96 (+5.13%)


    [​IMG]
     

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