As of 12/27/2024
Indus: 42,992 -333.59 -0.8%
Trans: 16,031 -73.46 -0.5%
Utils: 987 -4.51 -0.5%
Nasdaq: 19,722 -298.33 -1.5%
S&P 500: 5,971 -66.75 -1.1%
|
YTD
+14.1%
+0.8%
+12.0%
+31.4%
+25.2%
|
 44,200 or 41,750 by 01/01/202516,700 or 15,500 by 01/15/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 |
As of 12/27/2024
Indus: 42,992 -333.59 -0.8%
Trans: 16,031 -73.46 -0.5%
Utils: 987 -4.51 -0.5%
Nasdaq: 19,722 -298.33 -1.5%
S&P 500: 5,971 -66.75 -1.1%
|
YTD
+14.1%
+0.8%
+12.0%
+31.4%
+25.2%
| |
|
44,200 or 41,750 by 01/01/202516,700 or 15,500 by 01/15/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 | ||
Released 3/31/2022.
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 (if you find others, great!): 2 ascending broadening wedges, rising wedge, broadening top, symmetrical triangle, double bottom.
The red inset shows a partial rise from a broadening top, which correctly predicts a downward breakout 52% of the time.
Answer 1 (buy?): Hold because price hasn't broken out below the bottom of the broadening top. If that were to happen, then sell immediately. With a 52% success rate for a partial rise, it's best to wait for the breakout.
Answer 2 (target?): Measure the height of the chart pattern and project it in the direction of the breakout, from the breakout price. The high is at 29.09 and the bottom is at 23.73 for a height of 5.36. Add this to the highest high to get an upward target of 34.45 or subtract it from the lowest low for an 18.37 downward target. Price reaches the upward target 66% of the time and a downward target 42% of the time, so consider multiplying the height by 66% or 42%, for the respective breakout direction before adding/subtracting it to the breakout price.
Answer 3 (stop?): Since you own the stock, the stop is the bottom of the chart pattern.
Price has flat lined since leaving the broadening top chart pattern. In other words, it hasn't done much...at least for the period shown.
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