Wednesday 15 September 2021
$QQQ attempting to spring at the three day lows. Peak liquidity resistance to get through at 375
$SPY making similar moves to QQQ, volume liquidity resistance just under the 446 level to overcome
30 mins in the Energy sector is leading strongly and Nasdaq and growth stocks are lagging.
$AFRM from the watchlist still showing strong RS as it consolidates around the +2x ATR level following the second recent gap up on strong relative volume.
Near term watching for a break above 114.75 on volume
(2021-09-14, 05:12 PM)isatrader Wrote: $PLTR from the watchlist in late Stage 1, so watching for a Stage 2A breakout attempt on strong relative volume
Near term pivot at 26.88
Peak liquidity level around 24-25 level
Year to date Anchored VWAP at 25.39
So around -10% risk on a breakout attempt
$PLTR from the watchlist at the near term pivot with volume at +48% above average for the time of day.
$TASK one of the recent strongest IPOs starting to develop in Phase A of its potential new base structure. Expectation is for a Secondary Test (ST) of the high. If that fails to materialise then would indicate weakness. So observing to see how the structure develops for now.
$SGMS from the watchlist with a breakout attempt today on slightly better than average volume for the time of day
(2021-09-07, 02:41 PM)isatrader Wrote: $DASH attempting to shake off the earlier weakness at the open. Potential for a breakout attempt
$DASH from the watchlist continuing to make progress. Tennis ball action today on lower than average volume.
A good turn around in the tape with a lot of red to green today and potential swing low. Although needs further confirmation.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.