a combination of trend lines, fibonnaci retracements & extensions, and candle formations. that is my method
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David, if I have any luck at all with my attachment inclusion skills, I might illustrate how I am planning a reentry to SBUX (Starbucks). Note in my attached a recent small gap at around $53.75, but a much broader one a few weeks earlier which appeals to me at around $46.50 as an attractive reentry point.
Perhaps a better part of my direct reply to your question would be to find yourself a user-friendly charting tool (mine is via my TDA trading account, and is called Think or Swim). Couple the charts with knowledge from a great little book called "Stikky Stock Charts". Hopefully my attachment reveals both assets that I rely on for buying and selling wisdom.
nice chart SI. after a poke out of the bottom of the ascending triangle, that could propel and thrust that thing into a breakout coming up....I would have to see a little more of the chart to see at what point the ascending triangle comes in a larger trend though before you could anticipate a brekout to the upside or downside.
Multi Year highs for the Dogs folks!!!
High Low looking SWEEETTTT!!!!
Attachment 696
Sounds like today's move maybe legitimate? We had some decent auto numbers today. Could it be as simple as that? I think so... What do you guys think?
Not sure but we better have some good Q4 sub #s......
If not, we sell the news, but if they are blow out we move towards 3.25-3.50 soon...
Anyone here actively trade NFLX? Any idea what is causing this run today?
VERY STRANGE
Volume has dried up completely. Either pending news that MMs know about or the pause before the late day move....