As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
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YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
|
 44,200 or 41,750 by 01/01/2025 16,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 |
As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
| |
|
44,200 or 41,750 by 01/01/202516,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 | ||
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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