Here is a good example of a "Red to Green" move as I posted on
the watchlist Thursday Night as being ideal.
The stock opens down (pulled back to retest its 9 day EMA) and
then begins to bounce. I have added a 15 minute chart for valid
entries (stops would then go below previous low) which produces a
larger gain instead of waiting for the stock to move back above
where it closed on Thursday (which still would have produced a
nearly 8% gain).
So when you see a stock come into play with HUGE volume off the
bottom, it can be quite worthwhile to FOCUS on such an issue for
trading purposes.
Posted by timebandit on 5th of Sep 2021 at 12:23 pm
That is a great instructional example. I really like the action
of the moving average ribbon on that 15-minute chart. It expands on
Thursday, contracts in the afternoon and into a pinch Friday
morning, starts flipping negative. But when the pink line begins to
rebound up, it's a heads up that the buy point is imminent. Thanks
for this.
DTST Updated View
Posted by steve on 4th of Sep 2021 at 10:21 am
DTST - Chart Link
DTST - Chart Link
Here is a good example of a "Red to Green" move as I posted on the watchlist Thursday Night as being ideal.
The stock opens down (pulled back to retest its 9 day EMA) and then begins to bounce. I have added a 15 minute chart for valid entries (stops would then go below previous low) which produces a larger gain instead of waiting for the stock to move back above where it closed on Thursday (which still would have produced a nearly 8% gain).
So when you see a stock come into play with HUGE volume off the bottom, it can be quite worthwhile to FOCUS on such an issue for trading purposes.
This is a penny stock
Posted by hclaud_99 on 5th of Sep 2021 at 06:14 pm
This is a penny stock with market cap of $38M. Wild moves are expected. Good for day trading.
That is a great instructional
Posted by timebandit on 5th of Sep 2021 at 12:23 pm
That is a great instructional example. I really like the action of the moving average ribbon on that 15-minute chart. It expands on Thursday, contracts in the afternoon and into a pinch Friday morning, starts flipping negative. But when the pink line begins to rebound up, it's a heads up that the buy point is imminent. Thanks for this.
Thanks Steve. Very Helpful.
Posted by EdZ on 4th of Sep 2021 at 05:34 pm
Thanks Steve. Very Helpful.