Sunday, August 09, 2020 7:23:41 PM
chart thread post
~~~ Daily chart: We are in an continuation pattern from the July lows. All week we closed below the MA50 until late Friday 2:30pm when certain traders got wind of Leslie speaking at a convention.
https://cannaworldexpo.com/?v=b0c4bc877c29
Friday all big four accumulation indicators hitched up (AccumDist, OBV, ChiOsc and MFI). Even the MMs (ChiOsc) were selling inventory back to us at a higher price. If the ChiOsc rises when the PPS tanks you know who is accumulating inventory for a run.
~~~ Bullish five candle pattern with separate confirmation candle Friday which was also the target stop. This stop if it was (or you) ignored means volatility stop placement,,, higher or lower is your choice.
http://thepatternsite.com/HikkakeBull.html
~~~ We also broke out of the upper trend line of the July Symmetrical Triangle from within the August 80% apex where minor highs & lows were expected to breakout high or low.
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:symmetrical_triangle_continuation
http://thepatternsite.com/st.html
http://thepatternsite.com/Apex.html
* scoring the ST
http://thepatternsite.com/scst.html
* statistical resource for scoring (use OTC Markets for the real O/S)
https://finance.yahoo.com/quote/INQD/key-statistics?p=INQD
* Expect a Throwback~~~ I expect a mild retracement but nothing like below 0028 before I knew about a bull named Leslie broke out of a pen.
http://thepatternsite.com/throwbacks.html
* Indicator Review
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146368673
Note:~~~ Keeping weekly chart cropped to 6 months to make the VbyP bars accurate for the range.
Adding another chart with MACD(6,13,5) to keep watch of the fast/slow crossover.
11d 30min
http://stockcharts.com/h-sc/ui?s=inqd&p=30&yr=0&mn=0&dy=11&i=p3561776201c&a=646884267&r=1550521699656
http://stockcharts.com/c-sc/sc?s=inqd&p=30&yr=0&mn=0&dy=11&i=p3561776201c&a=646884267&r=1550521699656
http://stockcharts.com/h-sc/ui?s=INQD&p=D&yr=0&mn=3&dy=0&i=p3561776201c&a=646884267&r=1550521699656
http://stockcharts.com/h-sc/ui?s=INQD&p=W&yr=0&mn=6&dy=0&i=p98658979386&a=550543313&r=1508110667742
http://stockcharts.com/h-sc/ui?s=INQD&p=D&b=9&g=0&i=t9039802557c&r=1597015050477
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