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Stockaholics Weekly T/A Charting Challenge (9/23-9/27)

Cy's official Stockaholics thread archives group.

?

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

Poll closed Sep 23, 2019.
  1. Up.

    100.0%
  2. Down.

    0 vote(s)
    0.0%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Stockaholics Weekly T/A Charting Challenge (9/23-9/27)
    (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 9/23-9/27, 2019
    Expires Monday at the opening bell on: 9/23/19
    Don't forget to click the "Vote Now" button! ;)

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

    [​IMG]

    Starting point:
    131.65

    **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 (9/16-9/20)
    5.10
    4.18 (-18.04%)


    Stockaholics Voted
    [​IMG]


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


    Post your Vote!
    [​IMG]
     
    #1 bigbear0083, Aug 30, 2019
    Last edited: Sep 23, 2019
    Onepoint272 likes this.
  2. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
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    6,483
    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!

    @anotherdevilsadvocate
    @Onepoint272
    @rStock

    Weekly T/A charting challenge direction voting poll stats:
    • Longest active weekly winning streak belongs to @anotherdevilsadvocate and @rStock with 3 straight correct weekly charting direction calls.
    • Best overall weekly poll percentage leader for the year belongs to @bigbear0083 at 65.79% voting accuracy in 2019.
    • Best overall weekly poll percentage leader for the quarter belongs to @bigbear0083 and @rStock at 58.33% voting 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 9.20.19-
    @Stoch is still our current leader this quarter with 90 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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    Onepoint272 likes this.
  4. Stoch

    Stoch Active Member

    Joined:
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    For this week I pick JNJ, a healthcare play

    [​IMG]
     
  5. Stoch

    Stoch Active Member

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    Ill vote down, think the top of the channel is the limit and 132 the ceiling
     
    bigbear0083 likes this.
  6. Onepoint272

    Onepoint272 Well-Known Member

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    @Stoch, challenging pick and oh, don't forget to vote ^

    The end of the quarter and window dressing will occur on the Monday after this coming week ends. So there's that.

    But setting that aside, the longer term and intermediate term is bearish I think. On the daily chart, it appears that it came out of a spring and tested and then on Friday it pushed higher on higher volume that should have resulted in more price movement imo, but it is at resistance and it did close at the high of the day's range, so there could be some absorption going on. If it breaks higher that could just be an upthrust (UT), an upthrust after distribution (UTAD) in fact, which is bearish, but nonetheless I think it would likely close the week and quarter higher.

    I'm going to venture a guess of UP.

    Daily bars:
    upload_2019-9-21_21-19-27.png
     
    #6 Onepoint272, Sep 21, 2019
    Last edited: Sep 21, 2019
  7. rStock

    rStock Well-Known Member

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    I'm voting UP
     
  8. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
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    I actually like the upward move with the volume at the end of the week. There's been a lot of percussive media shelled down on JNJ lately, so the churn on Friday with the follow through to the upside is a positive sign.

    Something else to consider: JNJ is one of those stalwart companies nearly every income-seeking retiree wants. It's a familiar name, it's a Dividend King, and on and on the rationalizations go. Whatever, it also historically reverts to mean dividend yield fairly quickly, which is why it's a bit of a longish range-y yo-yo stock. Currently it is a tad over average 4-year yield, Capital Hill's drug price hearing season has ended for now, so I see some price upside in the coming weeks. Thus, voting...

    UP
     
    Onepoint272 likes this.
  9. bigbear0083

    bigbear0083 Content Manager
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    seems i'm always late to get to these as i'm never around on the weekends :p

    anyway i'll guess up on jnj for this week as well

    striking a down trend line from the june/july tops looks to be peaking its head over
     
  10. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Midweek Chart Update-

    START (9/20/19 CLOSE): 131.65
    CURRENT (9/25/19 CLOSE): 130.99 (-0.50%)


    [​IMG]
     
    Onepoint272 likes this.

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