3309 Drysdale Ct
Edwardsville, IL 62025
I'd probably like it more if the 200MA wasn't so far below.
No position; just monitoring for now.
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
LTCN up $120 today, 40% since I had my cup of coffee. On
extraordinary volume. Just another typical day in crypto
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 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 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 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
I feel bad for whomever sold yesterday....
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 since I posted a couple of weeks ago.
Update from earlier post on GNW, continuing to coil and getting
tight. It can be a big mover so position sizing and stops are
Big volume today; looking like the capitulation phase.
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 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 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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