as I mentioned last night the energy names are interesting here
now that they've had a nice pullback. On the daily KISS the BPT MA
has been red for 3 bars above the ribbons, that's in the range
where I start to look for a lower risk buy in an uptrend. On the
120 min time frames you have cycle buys. probably low risk for a
trade anyway with a tight stop below the cycles.
overall these still could use perhaps more of an abc type
consolidation, so far more of an A move down, so this might simple
be a B wave type bounce off here, then another C which could be
more of a shallow pullback or sideways move to give one of those
red,green,red, green color pallets to the BPT MA Deluxe that are
really ideal
Thank you for that. I was losing patience with my energy stocks
but instead I should have been adding, it looks. One of them
stopped out yesterday and up big today.
as I mentioned last night
XLE KISS
Posted by matt on 2nd of Dec 2020 at 09:54 am
as I mentioned last night the energy names are interesting here now that they've had a nice pullback. On the daily KISS the BPT MA has been red for 3 bars above the ribbons, that's in the range where I start to look for a lower risk buy in an uptrend. On the 120 min time frames you have cycle buys. probably low risk for a trade anyway with a tight stop below the cycles.
overall these still could use perhaps more of an abc type consolidation, so far more of an A move down, so this might simple be a B wave type bounce off here, then another C which could be more of a shallow pullback or sideways move to give one of those red,green,red, green color pallets to the BPT MA Deluxe that are really ideal
updated view, nice move there
Posted by matt on 2nd of Dec 2020 at 10:59 am
updated view, nice move there this morning off the cycles
I put some of the
Posted by matt on 2nd of Dec 2020 at 11:25 am
I put some of the XLE kiss up on the Zoom
Thank you for that. I
Posted by lapri24 on 2nd of Dec 2020 at 11:23 am
Thank you for that. I was losing patience with my energy stocks but instead I should have been adding, it looks. One of them stopped out yesterday and up big today.
Thx for posting that earlier
Posted by racerick on 2nd of Dec 2020 at 11:15 am
Thx for posting that earlier
nice move already in the
Posted by matt on 2nd of Dec 2020 at 10:32 am
nice move already in the energy names since I mentioned below