THESIS
MARKET
NASDAQ in a confirmed uptrend, price above a rising 30W MA.
5 and 10 day breadth ratios above 1 suggesting demand in control.
12 week breadth ratio 0.78 but improving suggesting market in transition.
VXN below 30.
STOCK
BULLISH STRUCTURE
Price above a rising 30W MA.
RS above the zero line, trending up and near ATHs.
Price moved 56% before consolidating.
Consolidation is 29 bars in length (almost 6 weeks).
Price above the 50 SMA.
The total correction from ATH was 11%.
Price showing VCP characteristics with most recent pivot at 3%.
Price has now formed a VCP BO.
Price above its ATR zero line.
The last 3 bars have been tight with narrowish range real bodies. Price has also drifted down.
Volume has contracted with 6 blue dots in the last 7 days.
BEARISH STRUCTURE
No significant bars within the base suggesting no strong institutional bid yet.
LAST 3 BARS
3x tight 'B' bars
2x blue dots
ENTRY
Full position
MARKET
NASDAQ in a confirmed uptrend, price above a rising 30W MA.
5 and 10 day breadth ratios above 1 suggesting demand in control.
12 week breadth ratio 0.78 but improving suggesting market in transition.
VXN below 30.STOCK
BULLISH STRUCTURE
Price above a rising 30W MA.
RS above the zero line, trending up and near ATHs.
Price moved 56% before consolidating.
Consolidation is 29 bars in length (almost 6 weeks).
Price above the 50 SMA.
The total correction from ATH was 11%.
Price showing VCP characteristics with most recent pivot at 3%.
Price has now formed a VCP BO.
Price above its ATR zero line.
The last 3 bars have been tight with narrowish range real bodies. Price has also drifted down.
Volume has contracted with 6 blue dots in the last 7 days.
BEARISH STRUCTURE
No significant bars within the base suggesting no strong institutional bid yet.
LAST 3 BARS
3x tight 'B' bars
2x blue dots
ENTRY
Full position
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.