Thursday 23 December 2021
Trimmed 1/2 profits on the $RBLX position at 100.61 to take it back to a 6% position size. Stop at BE on the rest
(2021-12-15, 09:33 PM)isatrader Wrote: $RBLX testing the bottom of the Significant Bar range and the 50 day MA today, with the fed meeting in a few hours. So trying a small 6% starter position in the swing account. Still in cash otherwise as the market continues to be on difficult environment status.
Added via buy stop to take it up to 12% size. Filled at 97.25 which take the average cost up to 96.18
$PSTG highlighted multiple times this month in the watchlist making a continuation breakout attempt
$ARCB last highlighted in November in the watchlist. Has since pulled back into the 100 level and consolidated around the 50 day MA. Attempting breakout from the channel and +1x ATR level.
$CTRX with an intraday fishhook attempt. Deep in Stage 4 on the weekly chart though. So heavy resistance likely. But I wanted to highlight the change of behaviour as is the potential start of the basing process.
$MU good follow through from the open with a fishhook pattern. One of the RS leaders the last few days.
A bit of short term market breadth. Of the 84 Undercut & Rally scan results 4 days ago. 74 are currently above the high of that day (88%).
https://twitter.com/Stage_Analysis/statu...0603480072
$AEHR has continued to show strong RS on the reaction and is now back through the 50 day MA and +1x ATR level on the daily time frame. Intraday 2 hour chart in early Stage 2. So be watching for how it develops on the backup.
(2021-12-22, 04:24 PM)isatrader Wrote: $AEHR moving back above the +1x ATR level. Low cheat area, but still under the 50 day MA currently.
$CXM from the watchlist continuing to develop its Terminal Shakeout (Spring #1) & Test. So potentially in Phase C, hence looking for a follow through move into Phase D through the near term pivot and 50 day MA. Volume node in the 17-18 area could prove resistance if moves higher.
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.