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foxi

10/21/21 12:59 AM

#22529 RE: Scoutmaster #22472

Glad it helped!

I'll try to do future charts with the studies zoomed in a bit. :) But what's most important is the gist or overall shapes. Price was below the high volume node, there's way too much red (sell volume) in Buy Sell Pressure, and not much of an uptick in Accumulation Distribution.

Accumulation Distribution and Volume Zone Oscillator are standard studies in TD Ameritrade's Thinkorswim software, and Buy Sell Pressure is an indie script that rolls up various standard metrics into a more intuitive visual format. Buy Sell Pressure comes from here and I don't remember which of the (5 pages of) source scripts I'm using since it's been a few months. :P

The 'better plays' I mentioned are typically any stock that's pink current or higher with a MACD about to crossover on the weekly chart. Crossover for MACD means the fast moving average crosses the slow from below, resulting in green ticks on MACD. You can grab your favorite watch list or run a market scanner to find plays. Once you have a few candidates, do your DD to make sure they're not scams. Feel free to snoop in my post history to get an idea what I've been trading.

Good luck!