Replies to post #17804 on The TA Study Lounge

[Snap Hook]

SEBASS - Looking into my tea leaves I see

%R has dropped from highs, DMI+ has dropped through ADX, slow stoch has crossed under the 80 line and it's signal, the CCI is threatening to cross under the zero line. Draw a trendline from the July low at .74 through the Oct 16 low. That trendline is where I'd look for support first.

I also see support at 1.12 and 1.02. If you really like this one, you might try to catch a panic dip to one of these support levels with a GTC order way low, say half your target allotment. Complete your fill if/when support holds.

Here is an indicator set I use, 3 momentum indicators, 3 trend indicators, and 2 volume indicators. All 3 categories are showing weakness or signs of volatility.

Good luck on this one. I've played it before. Just remember, Sir Isaac Newton must have played the pinkies (what goes up, must come down (or at least consolidate)).

[Snap Hook]

TERN hit 1.19, but hasn't gotten to my 1.12, yet. Needs volume!