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What stocks are you looking at this weekend?

Discussion in 'Stock Market Today' started by bigbear0083, Jun 3, 2018.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    FIVE is just setting off from the 200 ma
    [​IMG]
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Watching if NFLX breaks out of this range 340-380.
    [​IMG]
    200ma has been support at the bottom of the range.
    380 has been the resistance for the last 3 quarters.
    Next ER July 17.
     
  3. Jrich

    Jrich Well-Known Member

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    Picked up some shares of AMT this week

    Weekly sticks show ~30% upside based on the cause built in the 2018 range... the recent pull back was on expanding volume, which isnt a good sign, but the daily chart is showing a 3rd bounce off the 50ma... also the decline is most likely sector oriented, as REITS have run up high and just recently fallen out of favor

    Fundamemtal wise, the cell phone tower company could be a "picks & shovels" type play on the 5g hype.. that is if it doesnt melt our brains first

    Screenshot_20190707-101154.jpg Screenshot_20190707-101226.jpg
     
  4. Stan

    Stan Member

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    I'm still flat until I see a confirmation of the major market that we are going up. I have waiting too long to get caught in chop here.
    Once the pullback to support and an new breakout above 3000 I'm in with all guns blazing.

    [​IMG]
     
  5. bigbear0083

    bigbear0083 Content Manager
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    back to the top for this weekend!
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ISRG ran from 150 to 550 in 3 years, now double-topped and reporting this week. On Thursday, the operating chief stepped down effective eoy.
    [​IMG]
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    BEAT with a tenuous hold on support at 47.30
    [​IMG]
     
    T0rm3nted, Stan and bigbear0083 like this.
  8. Bodacious

    Bodacious Active Member

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    I'm still paper trading, haven't yet gotten my feet wet, but tempted, I like both of the following for gains, constructive criticism is welcome.

    ALLY.png

    WPRT.png
     
  9. Onepoint272

    Onepoint272 Well-Known Member

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    I would suggest turning your volume "on". There are only 2 data elements to a chart, price and volume. All other indicators are based off of these. How price and volume inter-relate is important for judging supply and demand and effort versus result, particularly at the edges (support and resistance).

    I like ALLY. I did a little point and figure work using daily data with a 50-cent-box and a 3-box reversal and got a count that projects a target to $39. Then I used 65-minute data with a 10-cent-box and 3-box-reversal (shown below) and got a base count to nearly the same, $38.70. However the stepping-stone count only projects to $33. So it may rest at $33 before proceeding to $39.

    That $33 also agrees with an ABCD-up measured move. Where the CD leg = 1 x AB leg is at a target of $33. The other purple number, 1.272, 1.618, 2, are Fibonacci extensions, e.g., CD = 1.272 x AB. You can gage how far it might extend based on comparing the volume at the B point with the volume when it breaks above the B point (on a regular vertical bar or candlestick chart). In this case it appears the volume was lighter on the break, therefore the rule would say it is not likely to extend beyond 1 to 1 ($33) on this move without resting.

    10-cent-box by 3-box-reversal P&F with 65-minute data:
    upload_2019-7-14_15-7-15.png
     
    #229 Onepoint272, Jul 14, 2019
    Last edited: Jul 14, 2019
    T0rm3nted, OldFart and bigbear0083 like this.
  10. Onepoint272

    Onepoint272 Well-Known Member

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    I was mistaken, the daily volume of the break above the B point was about the same as at the B point. Still shouldn't expect much more than 33 on this rally.

    Daily bars:
    upload_2019-7-14_16-38-39.png
     
    #230 Onepoint272, Jul 14, 2019
    Last edited: Jul 14, 2019
    OldFart, bigbear0083 and Bodacious like this.
  11. Bodacious

    Bodacious Active Member

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    ALLY: I was thinking entry should be at 31.68 or there abouts, then gain a little, then price tightening for 8-10 days and then up again? I'm paper trading so I'm recording my entries and exits to gauge the accuracy of my analysis. I could pass on the first entry and get in after a flat base has developed, if that happens. Once in I would stay in as long as the price stays above MA10.

    I should ad that at the moment I do not subscribe to a chart service and each of the free ones have limitations on how many indicators may be employed at any one time, to this end I use several different platforms. For instance, at Yahoo I have volume and aroon and RSI, and at Swingbot I have MACD and directional indicators and PSAR. So I switch back and forth for comparison.

    Is there a service that is reasonably price that would allow 5-10 indicators on a single chart?
     
    #231 Bodacious, Jul 14, 2019
    Last edited: Jul 14, 2019
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    tradingview.com is free
    You can put 5 indicators on one chart, save that as a template
    then make another template with the other 5 indicators.
    So you can't put all the indicators on one free chart, but you can save a few templates.
     
  13. Bodacious

    Bodacious Active Member

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    Thank you, I'll check it out.
     
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  14. Bodacious

    Bodacious Active Member

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    charts.png

    I'll probably buy the $13 sub from Tradingview and set it up as you opined, it seems to be the best value.
     
    bigbear0083 likes this.
  15. Onepoint272

    Onepoint272 Well-Known Member

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    I use Tradingview, obviously, for my after-trading hours work. The real-time intraday data is not that great though, unless you stick to the very liquid stocks or unless you also buy a subscription to a data package.

    When I need good intraday data to execute a trade, I use the TD Ameritrade-Think or Swim platform on my phone. It has a great assortment of unlimited indicators but all I use is price and volume. Although indicators are great for scanning, I think you will eventually discover that they lag price since all indicators are based on price and/or volume. Once I learned to read price and volume action, I found that the indicators introduced too much noise for me and analysis paralysis.
     
  16. Onepoint272

    Onepoint272 Well-Known Member

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  17. Stan

    Stan Member

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    I can't imagine you would need more than that. You're not day trading with real time data are you?
     
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  18. Bodacious

    Bodacious Active Member

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    No day trading unless absolutely needed.
     
  19. bigbear0083

    bigbear0083 Content Manager
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    back the top for the w/e. man this weekend came fast :p
     
  20. Bodacious

    Bodacious Active Member

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    I'm looking at this one for Monday, input welcome.

    mag.png
     

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