Generally, the best entries present themselves when an uptrending stock is
consolidating in a tight range, near its 10 - week MA.
The second ticker on our «official» watchlist going into today, $ QTWW, is
consolidating in a tight range on the weekly chart, after breaking out from a tight range on big volume a few weeks ago.
As for a specific buy entry point, look for the 10 - week moving average (same as the 50 - day moving average) to catch up while $ PGJ
consolidates in a tight range.
With the strong move off the July 2012 low, the price action of FXE should continue to
consolidate in a tight range, and ideally not retrace more than 38 % of the rally from the July 27 low to September 14 high.
The price action is now
consolidating in a tight range around 10 - week MA (teal line).
Nevertheless, we were able to find one ETF that has been
consolidating in a tight range over the past few months, after breaking above a -LSB-...]
However, over the past 2.5 weeks, SRS has been
consolidating in a tight range as it has set a sequence of higher lows.
Nevertheless, we were able to find one ETF that has been
consolidating in a tight range over the past few months, after breaking above a weekly downtrend line.
The Shanghai Composite continued to
consolidate in a tight range before peeking over resistance as Emerging Markets tested the top of their range before pulling back.
Elsewhere look for Gold to consolidate with a downward bias while Crude Oil
consolidates in a tight range.
Bitcoin price dropped 3 % on May 10th, from over $ 460 to $ 447, before rebounding and
consolidating in a tight range the rest of the week.
The coin has been very stable lately,
consolidating in a tight range, limited by 0.8500 on the downside and 0.9550.
Not exact matches
Like $ GKOS, $ AERI is also
consolidating at all - time highs and trading
in a very
tight range above the 10 - week moving average.
However, the iShares Emerging Market Index ($ EEM) has been
consolidating in a
tight, sideways
range during the same period, and also formed a «higher low» within its base of consolidation.
Since September of 2011, the ProShares UltraShort 20 + Year Treasury (TBT) has found support at, and has been
consolidating in a
tight trading
range between $ 17.80 and $ 19.90.
Besides being one of the leadership sectors
in this rally, PPH has now been
consolidating in a very
tight range for the past five weeks.
The week played out with Gold
consolidating before leaking lower towards the end of the week while Crude Oil drifted higher
in a
tight range.
Trading
in a
consolidating market is best done when a market is
range - bound;
in a larger consolidation phase rather than
in a
tight «choppy» consolidation phase.
The Equity Index ETF's held
in tight ranges on the week, printing small
range daily changes, with the SPY and QQQ pushing up to new all - time highs and the IWM continuing to
consolidate its run higher, moving sideways.
A
consolidating market tends to move
in a
tight range and may move sideways.
After which the market spent most of the day
consolidating in a
tight yet volatile 5 point trading
range.