Friday 17 September 2021
$UPWK making some further progress as it moves through the 50 day MA and is testing the +1x ATR level today.
Here's the previous more detailed post from Monday https://www.stageanalysis.net/forum/Thre...3#pid18273
$ECOM lower volume name for the watchlist in the software group. Approaching the top of the six month base structure and extended short term, so be interested to see how this develops on the next Backup / ST consolidation range.
$VIX is spiking again, and the S&P 500 failed to have much of a rebound this week. So caution once more.
$APPS I talked about this on the mid week video. Attempting to move out of the downtrend channel again today, but still under the 200 day MA currently. But showing good RS in on a down market day.
$SNAP from the watchlist also showing good RS today so far and still in the backup range
$MNDY a strong run since the IPO. Dropping down to the 2hr chart shows that it's in Stage 3 on the intraday, & the current price and volume action is showing some signs of distribution and a series of lower highs. So looks vulnerable for a Stage 4 attempt, but could still spring.
$ARBKF $ARB.L first move above the +2x ATR level since February. Change of behaviour
$LCID from the watchlist starting to look like potential start of Phase D of the six month or so base as it's attempting to follow through from a spring and test and also recover the 50 and 200 day MAs today.
Stage 1 base on the weekly chart
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.