Thursday 9th September 2021
$UMC new addition to the watchlist. Recent Stage 2 breakout with a maximum SATA score of 5 as its in the strong semiconductors group, which it's been outperforming.
Extended on the daily, but one to watch for potential swing and position entry points to develop.
(2021-09-08, 11:16 PM)isatrader Wrote: For the watchlist from Wednesdays scans:
AVY, BDN, BITF, BSM, CELH, CRPT, CTAS, DASH, DDOG, DPZ, GGG, HUT, J, JLL, LAUR, MSFT, SBUX, SCI, SPRT
$DASH following through in the opening trade with its first move above the +2x ATR level since June. So close above that would signal a stronger trend underway.
$VIX volatility has reversed strongly so far today. So a more friendly market environment.
$HOOD has pulled all the way to the IPO day high and 1st significant bar where it's finding support so far. Potential for a squeeze type move. Will keep an eye on it .
$RBLX from the watchlist making a move today
$SCPL potentially in Phase D of its 6 month base structure and in the turbulence zone from the IPO high at 18.75
Starting to look more constructive in the right side of the base, with a SOS bar & change of behaviour with small cup with handle pattern.
The weekly chart has a SATA Score of 2 or 3 currently, as RS is inline with the S&P 500 this week. Hence with a Stage 2 breakout it could improve by at least 2 ratings to a SATA score of 4. i.e. strong stock and group RS combined with Stage 2.
$SCPL pivot at 19.22
$UAA finding support today at the 50 day MA and holding the level of the most recent significant bar where volume and price spread was the largest
$AFRM strong mover in the after hours from earnings results (+21% currently)
https://twitter.com/Stage_Analysis/statu...7911498761
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.