As of 04/21/2021
  Indus: 34,137 +316.01 +0.9%  
  Trans: 15,040 +145.39 +1.0%  
  Utils: 927 -6.07 -0.7%  
  Nasdaq: 13,950 +163.95 +1.2%  
  S&P 500: 4,173 +38.48 +0.9%  
YTD
 +11.5%  
 +20.3%  
 +7.2%  
 +8.2%  
 +11.1%  
  Targets    Overview: 04/15/2021  
  Up arrow34,800 or 32,900 by 05/01/2021
  Up arrow15,200 or 14,000 by 05/01/2021
  Up arrow950 or 885 by 05/01/2021
  Up arrow15,000 or 12,900 by 05/01/2021
  Up arrow4,400 or 3,900 by 05/01/2021
CPI (updated daily): Arrows on 3/25/21
As of 04/21/2021
  Indus: 34,137 +316.01 +0.9%  
  Trans: 15,040 +145.39 +1.0%  
  Utils: 927 -6.07 -0.7%  
  Nasdaq: 13,950 +163.95 +1.2%  
  S&P 500: 4,173 +38.48 +0.9%  
YTD
 +11.5%  
 +20.3%  
 +7.2%  
 +8.2%  
 +11.1%  
  Targets    Overview: 04/15/2021  
  Up arrow34,800 or 32,900 by 05/01/2021
  Up arrow15,200 or 14,000 by 05/01/2021
  Up arrow950 or 885 by 05/01/2021
  Up arrow15,000 or 12,900 by 05/01/2021
  Up arrow4,400 or 3,900 by 05/01/2021
CPI (updated daily): Arrows on 3/25/21

Bulkowski's Teradyne Trading Quiz

 

Released 11/25/2020.

TER: Quiz

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.

 

1 / 5
chart pattern
What chart patterns can you find? Look for the following: triple top, 2 descending scallops, head-and-shoulders bottom, double top, ascending broadening wedge, symmetrical triangle.
Answers are on the next slide.
2 / 5
chart pattern

Price has broken out upward from the symmetrical triangle and then thrown back at point A. Since then, price has moved up.

Question 1: Do you buy, short, or avoid trading this stock?
Question 2: If trading this one, what is the target price?
Question 3: If trading this one, what is the stop price?
Answers are on the next slide.
3 / 5
chart pattern

From my notebook: "5/13/03. I bought at market. This is a symmetrical triangle after throwback play...a bit late on entry. I don't have good vibes from this. I think the semiconductor industry sucks and this is a supplier to it. Still, it's breaking out to new highs and the overall market is strong. I see overhead resistance at 15, 17, and 20. Support at triangle apex is at 12. Stop at 11.25, below a recent low. I think it will push through 15, pause at 17, waffling, then make it to 20. If it hits 18, that would be a double in just a few months. Not likely. Commodity channel index is at high end, relative strength index is mid range, and moving average convergence/divergence is green and growing."

The chart shows the resistance I saw. I circled areas where I thought resistance might pose a challenge (red lines) to the upward price move. The green line is what I saw as support. Point B is the minor low where I placed the stop.

The next slide shows what happened.
4 / 5
chart pattern

The stock hit overhead resistance shown as the blue line and has made lower lows for 2 days.

Question: If you owned the stock, what would you do?

The next slide shows the answer.
5 / 5
chart pattern

As I look back at my notebook, I'm surprised I called the move so well. I wrote: "I think it will push through 15, pause at 17, waffling, then make it to 20." The bottom blue line is at 17, the top at 20. You can see that price pushed through 15 and started waffling at 17, nearly touching 20 in early July.

Here's my notebook entry for the sale.

"7/10/03. I sold my position in the stock, at market open, because I think the market is turning. I've made 20% in 2 months, and the commodity channel index is diverging, suggesting a stock drop. It's been rounding over for the past few days and the semiconductor equipment manufacturing is the hot sector now. Time to sell. It didn't hit my 20 target, but pushed through resistance at 15 and 17 nicely."

The end.

See Also

 
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My novels:  Bumper's Story Head's Law

Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Trading Classic Chart Patterns

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