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I'd probably like it more

Speaking of GE... coiling.

Posted by rjdst on 5th of May 2021 at 03:18 pm

I'd probably like it more if the 200MA wasn't so far below.  No position; just monitoring for now.

Speaking of GE... coiling.

Posted by rjdst on 5th of May 2021 at 03:16 pm

Speaking of GE... coiling.

Sounds reasonable.  I have very small positions, commensurate with the risk.  Enough to be interesting and keep me engaged in learning more, but not enough to get hurt.  No YOLO here.  My favorite stock for the past year has been GE...

LTCN up $120 today, 40%

Posted by rjdst on 5th of May 2021 at 02:48 pm

LTCN up $120 today, 40% since I had my cup of coffee.  On extraordinary volume.  Just another typical day in crypto land....  

Update on LTCN  - up

Posted by rjdst on 5th of May 2021 at 10:32 am

Update on LTCN  - up another 17% so far today with heavy volume.  Cleared resistance at $335.  Next areas are $395, $415 and ath at $508.  Trim & trail.....

That WBA "buy support" turned

Posted by rjdst on 4th of May 2021 at 04:01 pm

That WBA "buy support" turned into a nice trade today.  Keeping it for now.   

For those with a greater risk appetite, LTCN has a nice pennant and breakout on the 15min.  C&H type formation on the daily.  I have a small position.

If it tags that lower

CVS doing well

Posted by rjdst on 4th of May 2021 at 10:36 am

If it tags that lower blue trendline, I'll pick a little up.  Market feeling squishy overall, so keeping position sizes small and stops tight.

Related, Wallgreens formed a very

CVS doing well

Posted by rjdst on 4th of May 2021 at 10:06 am

Related, Wallgreens formed a very nice looking cup, currently residing near a lot of support with MA ribbon and BB pinching, RSI oversold and pointing up.  Maybe a good low-risk entry here.

I feel bad for whomever

PRPO today's runner 

Posted by rjdst on 3rd of May 2021 at 05:40 pm

I feel bad for whomever sold yesterday....

CARA... -45% today, and the

Posted by rjdst on 29th of Apr 2021 at 08:16 pm

CARA... -45% today, and the mother of all gaps.  And that's why I don't mess with individual biotech stocks.  Hope no one was still in it.  

I've used free and paid versions of stockcharts; I don't believe there's a way to save templates with the free version (except during a free trial period).  A better free site, imo, is TradingView.  I have the paid version which enables a larger number of indicators, but the free version is feature-rich and does save the chart layouts (and applies to new tickers as well).  

+12% today.  +30% since early April.  Back up to previous high and earnings tomorrow, so time to close it out.  Will look at re-entry after earnings.

GNW having a nice run

Posted by rjdst on 28th of Apr 2021 at 09:51 am

GNW having a nice run since I posted a couple of weeks ago.  Earnings tomorrow.

Update from earlier post on

Posted by rjdst on 16th of Apr 2021 at 12:06 pm

Update from earlier post on GNW, continuing to coil and getting tight.  It can be a big mover so position sizing and stops are key.

Big volume today; looking like the capitulation phase.

Very interesting...I posted this TradingView

Posted by rjdst on 14th of Apr 2021 at 03:05 pm

Very interesting...I posted this TradingView chart of Gold yesterday AH when I saw the big red candle.  But that turned out to be erroneous data - didn't show up on other charting programs and Steve commented as well that it was bad data.  That said, today's low exactly matches that 'ghost' candle.  Maybe someone  yesterday was programming today's algo and accidentally let it loose momentarily.  Ha!  

Something could be up with

Wow, gold just puked itself AH.  

Posted by rjdst on 13th of Apr 2021 at 05:18 pm

Something could be up with that chart.  Noticed that it's not updating on TradingView.  Silver is updating AH, but Gold is stuck at 16:55 EDT.

Wow, gold just puked itself

Posted by rjdst on 13th of Apr 2021 at 05:08 pm

Wow, gold just puked itself AH.  

Beginning to wonder if the much talked about 'melt up' into May is really going to be just a defensive rotation into big tech and large cap stocks on the premise that they'll better weather the anticipated downtrend later this summer/fall.  

Charting question for anyone to answer... if you draw the upper trendline from the Feb high instead of the March high, you get a bearish rising wedge (that also contains the shorter term coil).  Is one pattern more valid/likely than the other?  

One scenario is coil breaks to the upside for a short term pop, then the bearish wedge potentially comes into play.  (Though, these days, I see some rising wedge BO's go to the upside, so maybe this is the new bullish scenario.  Ha!)

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