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Model QQQ 490 by 08/05 and 520 by 10/14
https://invst.ly/14-m3z
JOBY is technically in a better position than ACHR, having registered a weekly price flip on 04/22.
Thanks to Citrati for his due diligence on these. See his post on JOBY board. Reposting my chart below.
JOBY Weekly DeMark https://invst.ly/14-25k
On the daily chart testing the .786 retracement area
JOBY Daily DeMark https://invst.ly/14-29a
I thought about taking a position today too but it's a Friday on a long weekend Tuesday could go Is either way
I posted a couple things on the JOBY board that compare very briefly the two companies. There is a lot of information as I said on the Net.
What I posted is just a very tiny part and not nearly enough to make a concrete decision of which is better. The future progress is needed to answer that ? more accurately. That said, the industry is wide open and there will be room from more than 1 company for sure.
Thanks. JOBY completed a DeMark Sequential 13 and registered a price flip on a weekly chart on 04/29.
JOBY https://invst.ly/14zwhj
Good Luck.
I like both JOBY and ACHR for different reasons. They have some differences when you compare their products against each other and there is also a difference in their approach to marketing them. For now I trade them both. I may continue that or gravitate to one as they each move forward. One can find good info on the Net comparing them with each other. Rotor drives, batteries, speed, distance, payload, passengers etc. Check out their partners, funding, financials etc. Plenty of ups and downs over next year or two to trade for free shares IMO. One notable is that JOBY has achieved flight certification while ACHR is not there yet.
Reconsidering Archer
Fibonacci lines look logical on this daily chart. DeMark Sequential count suggests trend exhaustion within the next several days. Potential bottom in this area. https://invst.ly/14zuf3
Thanks for suggesting this name, interesting technology. Disclosure, took small position just now.
UVXY and LABD both gave me some nice scalp trading so far today.
https://stockcharts.com/h-sc/ui?s=UVXY&p=5&yr=0&mn=0&dy=2&id=p80147439681
Congrats. All green and free rides are good.
I will take a look.
Depending on market direction, AVXL could give another low buy spot for traders and holders. Market has no breadth and only a few stocks (NVDA) were/are holding it up. Overall there has been distribution going on. Until positive news AVXL will likely just follow markets and XBI.
Selling here may pick up due to nervous nellies in the market and biotech sector. We shall see.
Good Luck.
Here is an older weekly that I added the lowest red line too that confirming below would add strength to the more down scenario.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=5&mn=0&dy=0&id=p93926737676&a=861844297
2.5 looks reasonable for PROK.
Here's a line chart of VIX https://invst.ly/14z9ur
Base case QQQ 475 by 06/17 https://invst.ly/14z9ux
Any thoughts on PROK? My lines show support around 2.50. I should have sold more when it poped over $4. Wasn't really expecting a full reset but looks like that's what it wants. Seeing the bio sector pretty bearish as a whole right now. Both IBO and XBI look to crack, and I wouldn't rule out a test to their 200 dma's. As drastic as that would be. I'm cash heavy just for that reason. Take a gander at UVXY as well, that puppy looks like it wants to bounce like crazy soon. Thinking I'll be on the sidelines for a bit.
UVXY daily
Cheers.
Archer could see 2.50 by 06/10
ACHR W https://invst.ly/14yztm
Interesting. I see your line pretty much where the pps is now though it did crack the trend line you put in there. I think it cracks to closer to $3 myself. AAnd then typical dip belowthat before it proves a reversal. Sometimes, after my DD, if I like it I'll take nibbles on the way down. Getting better with my patience. I stalked citrati's posts and found JOBY and then saw ACHR. Haven't done much DD on either yet but plan to. With summer gettring closer I'm thinking we'll see much more volatility, and with that, more opportunity.
Thanks for posting!!
BooDog
ACHR on radar, nearing support.
$3 on the weekly looks good to me.
https://finviz.com/quote.ashx?t=ACHR&ty=c&ta=1&p=w
ACHR daily
Swinging PLX from 1.15, target 1.50's. Watching PROK for the reset. That puppy was an excellent play for me, like it moved on air just so the insider could sell. Riding free on that one for now.
PLX daily
Totally missed the big dip on AVXL.
Broke down today. Building cause for next move.
AVXL struggling with the daily 65ema. Next couple days will likely show if the 50day holds as support.
Green Trades.
Quite the action in the PM market. That has been taking most of my attention of late.
GLD W https://invst.ly/14wc9e
COIN W https://invst.ly/14wcba
Anavex...the case for 9.93
AVXL W Log https://invst.ly/14vg57
Nice pitchfork useage.
Spider...the case for 570
SPY W https://invst.ly/14u-od
Cubes...the case for 500
QQQ W https://invst.ly/14u-fm
475 by 07/01 Alternate model
QQQ W https://invst.ly/14udjl
Peter Brandt is considered a market wizard. Yet, by his own admission his trades lose almost 60% of the time. That said, over the last 29 years Peter's average annual gain is 42%. How can that be????
“I view myself as simply the person who executes my trading plan. My job is to enter orders, to manage my order flow, to manage the risk I take on trades, and I’ll let the markets do what they do. I have no control over the markets.”
Ok, so how do we copy Peter’s strategy and follow in his footsteps to riches? Not so fast…
“Everybody has to find out what their sweet spot is, what approach to the market resonates with them and makes sense. Because I do believe that every successful trader will find his or her own path to trading. No two successful Traders that I’ve known (and I’ve known a lot over the course of my career) trade markets the same way. They each find their own way.”
Don’t be discouraged. While Peter says no two Traders trade alike (hint: there is no holy grail), he has observed several common traits in all successful Traders he’s come across that can be learned and internalized by anyone in their journey of self-discovery.
"Human emotions are the biggest enemy a trader faces. This is one reason I am so critical of the self-proclaim “geniuses” who peddle trade identification and win rates as the pinnacle of trading achievement. Unfortunately, there are no easy answers to this dilemma – and each discretionary trader must find ways to win individual battles within the larger war against self. I am not even sure that the specific “peace treaties” I have negotiated over the years with my inner enemies are the best solutions for all other traders."
Setup phase complete at bar 9. Yes, there is a price flip by no follow through. Price continued lower and so the Countdown phase ensued. In 2018 it reached 4 bars before reversing, in the present example 3.
The cycles are interesting. I see t flip and the de mark count but do not understand the number 3 or 4 at the bottom of the cycles.
Deja vu all over again
AVXL Monthly DeMark: https: https://invst.ly/14tiz2
485 by 07/15
https://invst.ly/14td-y
Over time which of the two is outside the other varies from stock to stock or at differing points in a stock or ETF movement. One thing that seems universal is that an excess in price above or below both bands is time to look for entry or exit points. Or at the least consolidation. The faster the time frame the faster one must act. It is a vital part of my 5minute intraday signal chart for scalping.
I use them in all time frames. As in any TA one looks for confirmations from indicators, ma's and ema's, money and volume to not enter too early or hold too long.
Ah, interesting observation. I might add Keltner Channel to use as comparison.
Here is a free 2 month daily chart anyone can view by clicking on the link.
What I think is notable. It is the kchannel midline creating resistance much more than the 20day/bbmidline.
The 4 sma has been support since the April rise. Which one will give up next week?
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=2&dy=0&id=p01337301306
Time and space
https://invst.ly/14sp96
Day 1 of $AVXL closing over the 20 day... can it follow through? We shall see.
Did yesterday's down day change the De Mark flip?
Howdy BooDog. You are welcome anytime. Hope all has gone well for you also.
I am still scalping ETF's intraday of which UVXY is one, for my bread and butter. Wish TVXY was still trading as I like pairs. Sell one side, buy the other. LABD/LABU, JNUG/JDST are favorites.
Still use same primary 5minute chart for signals seeking excesses for low entries to high for profits.
Gotta have stockcharts account to view.
https://stockcharts.com/h-sc/ui?s=LABD&p=5&yr=0&mn=0&dy=3&id=p89820435051
AVXL is my current bio. Also watching/trading JOBY and the eVTOL sector, some miners and one lotto play.
Best Wishes.
Hey you guys! Hope all is well. Watching the VIX / UVXY, thinking we're getting ready for the early summer late spring volatility. Of course an $8 swing on the VIX recently is some pretty good volatility already. Looks to be testing support again though.
UVXY daily $28.46
All good here, still swinging on my bios. Just really busy with family and stuff. Cheers!
What I find particularly interesting is that if todays daily candle closes as a doji that will make 9 in 10 trading days of some type of doji candlestick. Never seen that before. Talk about major indecision. Will it be a hammer candle or something else? Hmm.
Yes, definitely depending on brain function. LOL
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=3&dy=0&id=p34118687090
$AVXL gets REJECTED at the 20 day SMA once again. Definitely among the ugliest charts out there right now, but I love her for her brain, not her looks. LOL!!!!
$AVXL is best described as my hobby stock and I have been following the story since 2013.
The markets adjust to the situations at hand and it's the T/A stuff I'm here for from you all. I'm lazy and it's good "office talk" works out well together.
Green trades indeed!
Thanks. Great info.
Other than trading a few excess lows to excess highs by the charts over the last 2 years, I haven't paid much attention other than to when trial completions are expected. IMO, the charts have done decently well to anticipate both good and bad news.
For me, I at least don't have to see red in my account from AVXL nor sit on dead money. At my age I don't buy green bananas any more. If I put all AVXL profits back to work in AVXL I will have more shares than if I had held throughout with my 2015 pre-split shares. Just the way it has turned out.
Wish everyone a Green future here.
Yes, and today showed resistance at 3.85.and this whole area is resistance. It's always 2 things to watch, right, resistance and support. I'm seeing support needs to hold in the 3.60 area, and bounces need to break through 4 dollars. There's a next higher level target zone around 4.30 to watch when the time comes, and that target would represent the 1 dollar trade from the 3.25/3.40 "bottom"
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