I'm going to try to get
a few stock charts posted each week and will get more up as time permits.
Not exact matches
But first, here are the
charts of a
few strong
stocks that you would not want to buy now, based on my previous explanation of the 10 - week MA being overextended.
Highlighted on the
chart below, notice the bases of consolidation that formed in May, and again in June, before the
stock zoomed higher over the past
few weeks:
However, quite a
few of our members subscribe only to benefit from our objective, rule - based Market Timing Model (click here for details), which reliably indicates when to enter and exit the market with their own
stock trades at the most ideal times (as shown in the
chart above).
In today's
stock trading strategy video, we show you the exact technical signals that alerted us to buy $ LOCK on a pullback, just a
few days after the
stock broke out from a bullish cup and handle
chart pattern.
In view of the fact that the
stock market action has gotten a bit out of hand again this week, we are providing a brief update of
charts we have discussed in these pages over the past
few weeks (see e.g. «The Flight to Fantasy»).
While I believe markets are efficient when it comes to
stocks, bonds, currencies and commodities and reflect all known information at the time, in the case of bitcoin, and a
few other instances like the ONLY
stock I've bought in over a year (now up big), when I start to see the mainstream media reporting on something, google search volume through the roof (
chart below) and lastly, when your mom asks about it — it may be signaling mainstream acceptance and further expansion of a major bubble.
# 5 Weekly Uptrend Unbroken: As you can see from the weekly
chart of PZZA, the
stock has been forming higher highs and higher lows for the past
few years.
Both gap traders and swing traders might have an open position for minutes, hours, or a
few days, as will position traders, who look at longer term
chart patterns, possibly in conjunction with
stock fundamentals.
«I'm
charting a
few stocks,» he said.
The first
chart is actual
stock market performance over the past
few years; the second
chart is the output of a Monte Carlo simulation.
# 5 Weekly Uptrend Unbroken: As you can see from the weekly
chart of PZZA, the
stock has been forming higher highs and higher lows for the past
few years.
But... here's the rub... the
stock rallied to $ 420 within only a
few months of this imminent «bearish»
chart pattern.