As of 03/05/2021
Indus: 31,496 +572.16 +1.9%
Trans: 13,628 +408.32 +3.1%
Utils: 814 +13.86 +1.7%
Nasdaq: 12,920 +196.68 +1.5%
S&P 500: 3,842 +73.47 +1.9%
|
YTD
+2.9%
+9.0%
-5.9%
+0.2%
+2.3%
|
 32,750 or 30,700 by 03/15/202114,500 or 12,900 by 03/15/2021850 or 770 by 03/15/202114,200 or 12,700 by 03/15/20214,000 or 3,700 by 03/15/2021 |
As of 03/05/2021
Indus: 31,496 +572.16 +1.9%
Trans: 13,628 +408.32 +3.1%
Utils: 814 +13.86 +1.7%
Nasdaq: 12,920 +196.68 +1.5%
S&P 500: 3,842 +73.47 +1.9%
|
YTD
+2.9%
+9.0%
-5.9%
+0.2%
+2.3%
| |
|
32,750 or 30,700 by 03/15/202114,500 or 12,900 by 03/15/2021850 or 770 by 03/15/202114,200 or 12,700 by 03/15/20214,000 or 3,700 by 03/15/2021 | ||
Released 2/11/2021.
Below is a slider quiz to test your trading ability. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
What chart patterns can you find? Look for the following: 3 ascending scallops (one looks weird), descending triangles, symmetrical triangle, and a broadening top.
Notice that the September ascending scallop has price levels almost at the same price, suggesting the uptrend is near an end. Price tumbles soon after. The December scallop is more V-shaped than I like to see (it's the weird looking one).
The symmetrical triangle has an upward breakout when price closed above the top trendline in February 2005.
Answer 1 (buy?): Buy. The stock is near the yearly high with an upward breakout, a good sign of additional gains.
Answer 2 (target?): Compute the triangle height and add the height to the breakout price. The result will give you a target price which the stock reaches 70% of the time, so be conservative in your target.
Answer 3 (stop?): Volatility is $1.71, so a stop no closer than 77.58 would work well. That means placing a stop below the lowest valley in the chart pattern, which bottoms at 76.74. That would give a potential loss of 3.5%, which is great.
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