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Re: stocktrademan post# 14

Saturday, 07/29/2023 1:39:32 AM

Saturday, July 29, 2023 1:39:32 AM

Post# of 16
So to be fair I would have to first present my own solely technical thesis on a snap inspection of a speculatively bullish chart wouldn't I.

Here is the chart.

https://stockcharts.com/c-sc/sc?chart=hson,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

This is a complex inverted head and shoulders bullish pattern about to break above the neckline around 24. So in these patterns the standard procedure is to place a stop at the minor lobe down before breakout and we see one around July 10 or so under 20.33

How do I have a positive expectancy that this chart will fulfill the breakout pattern and go upwards and more than not avoid that stop.

It is because of the next chart timeframe up 5x more to represent the trend not the trade.

This one.

https://stockcharts.com/c-sc/sc?chart=hson,uu[e,a]whclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

Many indicators say it is going upwards and bouncing off the weekly 200 day moving average. Another important indicator is the PPO and/or MACD is upwards pointed with the signal line above its moving average. Aka their histogram is above zero.

This works with stocks of all sorts and even futures and forex. Options not so much due to their theta decay properties.

Now let's see your thesis for the board.

How does it fit in. How does it agree with. What does it disagree with. What does it miss. Etc. What could be improved on any side.
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