Monday 31 January 2021
$BROS my entry triggered in the first 5 mins at the VPOC level and was filled at 47.99.
Has moved well in the early trade, and finding resistance at the higher volume node so far.
15 minute chart gives a bit more detail on my entry point as it broke out of the tight zone that formed on Friday in the final hour.
Have a tight stop under todays opening bar.
$BIDU highlighted in the watchlist recently and continuing to develop a Stage 1 base on the weekly chart. Heavy time based resistance from the parabolic Stage 2 top and collapse though, especially from that March 2021 significant weekly bar when it collapsed to the 30 week MA.
$BLL following through today with a fishhook type move after consolidating Thursdays Significant Bar. So watching for the weekly Stage 2 breakout attempt
$CDEV continuing to look interesting as it pulls back on decreasing volume with a minor flag pattern. In the energy sector so affected by the rotation back to growth on the market bounce. But could one to watch for new highs once the bounce dissipates.
$MA and $V continue to interest me for a potential new additional for my long term pension account. MA has the better RS of the two though, but short term might be double topping. So watching for a pullback to develop.
Notably the Greater Than +1x ATR scan still only producing 61 results today currently. So still only around 4% in short term uptrends above their +1x ATR level in the S&P 1500 currently. The Less Than -1x ATR scan continues to decline though at 489 (32.6%) currently.
$DSKE last highlighted in the watchlist on the 30th Dec breaking out to new highs, following a Moving Average Spring at the 200 day MA on the 24th Jan.
$SIDU is a very recent IPO which had a pop and drop on the opening day but has been forming a base over the last month and had a change of behaviour bar on the 27th Jan with strong relative volume & has consolidated in the upper range of that bar since. Fairly thin though.
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.