As of 09/29/2023
Indus: 33,508 -158.84 -0.5%
Trans: 14,969 -17.13 -0.1%
Utils: 817 +1.02 +0.1%
Nasdaq: 13,219 +18.04 +0.1%
S&P 500: 4,288 -11.65 -0.3%
|
YTD
+1.1%
+11.8%
-15.6%
+26.3%
+11.7%
|
 34,500 or 33,150 by 10/15/202315,500 or 14,200 by 10/15/2023880 or 800 by 10/15/202313,750 or 12,700 by 10/15/20234,425 or 4,175 by 10/15/2023 |
As of 09/29/2023
Indus: 33,508 -158.84 -0.5%
Trans: 14,969 -17.13 -0.1%
Utils: 817 +1.02 +0.1%
Nasdaq: 13,219 +18.04 +0.1%
S&P 500: 4,288 -11.65 -0.3%
|
YTD
+1.1%
+11.8%
-15.6%
+26.3%
+11.7%
| |
|
34,500 or 33,150 by 10/15/202315,500 or 14,200 by 10/15/2023880 or 800 by 10/15/202313,750 or 12,700 by 10/15/20234,425 or 4,175 by 10/15/2023 | ||
Released 8/4/2022.
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 inverted roofs, inverted and ascending scallop, busted triple top, ascending triangle, right-angled and ascending broadening formation, broadening top.
Here's the chart of found patterns. The inverted roof is relatively new.
If you own the stock and are a short-term trader (hold time of a few weeks), how do you know it's time to sell? Hint: The broadening formation has a downward breakout (hard to see on this chart).
1. Price gapped up in a vertical run leading to the chart pattern. A quick decline can follow a quick rise. In this case the decline wasn't rapid, but it did return price to the launch point.
2. The downward breakout was a sell signal.
3. A trendline pierce was also a sell signal. The actual pierce is near 2 in the picture
After the downward breakout, the stock made lower lows for several weeks in a broadening pattern before climbing to the January peak.
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