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for bounce plays the trade will be between the lower Bollinger Band and EMA 8 - the lower BB is the load zone & EMA 8 is the sell zone as long as EMA 4 resistance breaks - otherwise EMA 4 is the sell zone - once there's a close above EMA 8 it puts the middle BB on deck -
very nice run for $QLTS - the 200 DMA @ 0.0213 on the weekly chart will be the big resistance level to break - bearish harami reversal pattern formed on the daily chart on Fri. -
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2202
looks like 20.30 is Support 2 for $GPRO -
hitting lower Bollinger Band support on the daily chart -
$ZFGN Charts - Technical Analysis Video -
$PLUG Charts - Technical Analysis Video -
$ASTI Charts - Technical Analysis Video -
$GENE Charts - Technical Analysis Video -
$CSTM Charts - Technical Analysis Video -
bounce radar
$GPRO Chart - candles are forming below the idle Bollinger Band and are riding EMA's 4 & 8 resistance lower - closed below the lower BB @ 21.63 - that is the 1st resistance level - EMA 4 @ 23.10 is the 2nd - new 52 week low - nasty multi month downtrend - the bears are in full control - MACD bear cross - RSI & Fast STO @ oversold levels - a new up trend will not begin until the middle BB @ 26.55 turns into support -
$ASTI - up 44% - we posted a chart last night - $ASTI case study in the chat today - learn more by following MyChartCoach Ospreyeye -
$JOEZ Chart from yesterday – bouncing today & currently forming Bullish Piercing Line reversal pattern – the lower Bollinger Band @ 0.23 is the 1st resistance level – EMA 4 @ 0.24 is the 2nd – a close above EMA 4 puts EMA 8 @ 0.0.26 on deck – yesterday’s candle formed below the lower Bollinger Band signaled an unsustainable move lower – Fast STO bull cross – above the 20 oversold line – RSI is now above the 30 oversold line – volume spike – the MACD Line is starting to hook –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2105
BULLISH PIERCING LINE
Definition
This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. A white candlestick opens on the second day with a gap down and closes more than halfway into the body of the first day.
4. The second day fails to close above the body of the first day.
$JOEZ Chart from yesterday – bouncing today & currently forming Bullish Piercing Line reversal pattern – the lower Bollinger Band @ 0.23 is the 1st resistance level – EMA 4 @ 0.24 is the 2nd – a close above EMA 4 puts EMA 8 @ 0.0.26 on deck – yesterday’s candle formed below the lower Bollinger Band signaled an unsustainable move lower – Fast STO bull cross – above the 20 oversold line – RSI is now above the 30 oversold line – volume spike – the MACD Line is starting to hook –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2105
BULLISH PIERCING LINE
Definition
This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. A white candlestick opens on the second day with a gap down and closes more than halfway into the body of the first day.
4. The second day fails to close above the body of the first day.
$XGTI Chart – BULLISH HARAMI reversal pattern is forming today & a hammer following 5 red candles in a row – bounce players loading off low of day levels – Sept. support levels are now resistance – Fast STO bull cross, below 20 & at oversold levels – RSI bounced off the 30 oversold line – 1st green volume bar in 6 days –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102
Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day is completely engulfed by the body of the first day.
$XGTI Chart – BULLISH HARAMI reversal pattern is forming today & a hammer following 5 red candles in a row – bounce players loading off low of day levels – Sept. support levels are now resistance – Fast STO bull cross, below 20 & at oversold levels – RSI bounced off the 30 oversold line – 1st green volume bar in 6 days –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102
Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day is completely engulfed by the body of the first day.
$LPTN Chart – after closing above the 50 & 100 DMA’s on the 10th $LPTN is turning the 50 DMA @ 0.21 into support – the lower wicks on the last 2 candles have bounced off 50 day simple moving average support – the 100 DMA @ 0.24 is the key level to break – a close above should signal more upside potential – big volume spikes – MACD bull cross last week – RSI & fast STO are in the bull zone w/ room to run – a close above the 100 day simple moving average puts the red ascending resistance line on deck & possible move to 0.27 –
very cool bud - posting a new chart - the key is to hold the 50 day simple moving average on the daily chart -
$LPTN Chart – after closing above the 50 & 100 DMA’s on the 10th $LPTN is turning the 50 DMA @ 0.21 into support – the lower wicks on the last 2 candles have bounced off 50 day simple moving average support – the 100 DMA @ 0.24 is the key level to break – a close above should signal more upside potential – big volume spikes – MACD bull cross last week – RSI & fast STO are in the bull zone w/ room to run – a close above the 100 day simple moving average puts the red ascending resistance line on deck & possible move to 0.27 –
$DDD Chart from yesterday - drop it like it’s hot – 6 red candles in a row – breaking through lower Bollinger Band @ 8.67 support – the green descending line is the next support level after the lower BB – EMA 4 @ 9.24 is the key level to break – as this chart shows it’s been resistance during the pullback – Fast STO @ extreme oversold levels – RSI hitting the 30 oversold line – MACD line heading south – a close below the lower BB would signal an extreme move to the downside – on a bounce the trade is between the lower BB and EMA 4 – EMA 4 is the sell zone until $DDD closes above – a close above EMA 4 puts EMA 8 @ 9.74 on deck – the downtrend will continue until the middle Bollinger Band @ 10.78 turns into support –
$DDD Chart from yesterday - drop it like it’s hot – 6 red candles in a row – breaking through lower Bollinger Band @ 8.67 support – the green descending line is the next support level after the lower BB – EMA 4 @ 9.24 is the key level to break – as this chart shows it’s been resistance during the pullback – Fast STO @ extreme oversold levels – RSI hitting the 30 oversold line – MACD line heading south – a close below the lower BB would signal an extreme move to the downside – on a bounce the trade is between the lower BB and EMA 4 – EMA 4 is the sell zone until $DDD closes above – a close above EMA 4 puts EMA 8 @ 9.74 on deck – the downtrend will continue until the middle Bollinger Band @ 10.78 turns into support –
$ZFGN Chart from yesterday – broke resistance yesterday – it is now support – the red horizontal line is now green – notice how low of day the last 2 days hit the previous resistance level – it is turning into support – the opening price on Oct. 16th is the next resistance level to break – 15 is on deck – RSI @ 39.73 has a ton of room to run – RSI is not overbought until 70 – Fast STO bull cross & back in the above 80 overbought/power zone – MACD bull cross last week – when we say say bull cross we are referring to the black line(MACD Line) crossing the purple line(Signal Line) to the upside on this chart –
$ZFGN Chart from yesterday – broke resistance yesterday – it is now support – the red horizontal line is now green – notice how low of day the last 2 days hit the previous resistance level – it is turning into support – the opening price on Oct. 16th is the next resistance level to break – 15 is on deck – RSI @ 39.73 has a ton of room to run – RSI is not overbought until 70 – Fast STO bull cross & back in the above 80 overbought/power zone – MACD bull cross last week – when we say say bull cross we are referring to the black line(MACD Line) crossing the purple line(Signal Line) to the upside on this chart –
$ASTI Chart from yesterday – Bullish Homing Pigeon reversal pattern formed on the 11th – that pattern was confirmed today – closed above EMA 4 @ 0.14 – key level to turn into support – as this chart shows it’s been resistance – the last close above EMA 4 was back in the 1st week of Oct. – the middle Bollinger Band @ 0.16 is the key level to break – when it turns into support a new up trend can begin – MACD is pinched – keep an eye out for a bull cross – Fast STO bull cross – now above the 20 oversold line – RSI bounced off the 30 oversold line – 1st green volume bar in 6 days –
thanks for the list buddy - keep up the great trading! -
on the radar -
nice bounce yesterday - no volume today
$ASTI Charts - Technical Analysis Video -
very cool - thanks bud - hope all is well! -
$ASTI Charts - Technical Analysis Video -
great questions conix - hope all is well buddy - checkout this $STWS chart - I highly recommend using this set up - the Bollinger Bands and EMA's 4 & 8 - this is the best way to play a bounce or downtrending stock IMO - this chart shows $STWS has not closed above EMA 4 @ 0.081 since Oct. 21st - the bull signal should be a close above EMA 4 - checkout Oct. 16th - there was a close above EMA 4 & a run to the middle Bollinger band followed - the trade on bounce plays is between these levels - between EMA 4 & EMA 8 is a trade & between EMA 8 & the middle Bollinger Band is another - for downtrending stocks the middle Bollinger Band is the top of the channel & the lower Bollinger band is the bottom of the channel - until the middle BB turns into support the downtrend will continue - another trade is to play closes below the lower Bollinger band for a possible bounce back to EMA 4 - very risky trades, but it's really the only way to make money on downtrending stocks unless you are short -
$CTIX Charts – Technical Analysis Video –
$PLUG Charts - Technical Analysis Video -
$PLUG Charts - Technical Analysis Video -
$ASTI Chart from yesterday – Bullish Homing Pigeon reversal pattern formed on the 11th – that pattern was confirmed today – closed above EMA 4 @ 0.14 – key level to turn into support – as this chart shows it’s been resistance – the last close above EMA 4 was back in the 1st week of Oct. – the middle Bollinger Band @ 0.16 is the key level to break – when it turns into support a new up trend can begin – MACD is pinched – keep an eye out for a bull cross – Fast STO bull cross – now above the 20 oversold line – RSI bounced off the 30 oversold line – 1st green volume bar in 6 days –
$ASTI Chart from yesterday – Bullish Homing Pigeon reversal pattern formed on the 11th – that pattern was confirmed today – closed above EMA 4 @ 0.14 – key level to turn into support – as this chart shows it’s been resistance – the last close above EMA 4 was back in the 1st week of Oct. – the middle Bollinger Band @ 0.16 is the key level to break – when it turns into support a new up trend can begin – MACD is pinched – keep an eye out for a bull cross – Fast STO bull cross – now above the 20 oversold line – RSI bounced off the 30 oversold line – 1st green volume bar in 6 days –