As of 10/03/2023
Indus: 33,002 -430.97 -1.3%
Trans: 14,682 -115.52 -0.8%
Utils: 789 +6.29 +0.8%
Nasdaq: 13,059 -248.30 -1.9%
S&P 500: 4,229 -58.94 -1.4%
|
YTD
-0.4%
+9.6%
-18.4%
+24.8%
+10.2%
|
 34,000 or 32,650 by 10/15/202315,500 or 14,200 by 10/15/2023850 or 725 by 10/15/202313,750 or 12,700 by 10/15/20234,425 or 4,175 by 10/15/2023 |
As of 10/03/2023
Indus: 33,002 -430.97 -1.3%
Trans: 14,682 -115.52 -0.8%
Utils: 789 +6.29 +0.8%
Nasdaq: 13,059 -248.30 -1.9%
S&P 500: 4,229 -58.94 -1.4%
|
YTD
-0.4%
+9.6%
-18.4%
+24.8%
+10.2%
| |
|
34,000 or 32,650 by 10/15/202315,500 or 14,200 by 10/15/2023850 or 725 by 10/15/202313,750 or 12,700 by 10/15/20234,425 or 4,175 by 10/15/2023 | ||
Released 7/15/2021.
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: 2 symmetrical triangles, ascending scallop, big w, double bottom, diamond top, and a flag (could be a pennant).
The Qtr symbol in the upper right of the chart says the company issued a quarterly earnings announcement on that date (the spike).
Answer 1 (buy?): The breakout from the surprising earnings release is downward, so avoid buying. With price near the yearly high, you don't want to short either. I'd look elsewhere for a more promising trade.
Answer 2 (target?): Look what happened at the prior spike, at point A. Price eased lower and that's what I would expect from the stock after the Qtr announcement broke out downward. The stock might find support at the green target line (which it did, for a while).
Answer 3: Since price is expected to drop, placed a stop above where it's trading now. I'd put it above the Qtr spike or maybe above the rounded peak just after the spike. As price drops, trail the stop loss order lower.
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