If bulls are able to touch the blue line then breakout would be very likely (although the first breakout might be a false one).
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Qualcomm, AOL, South Seas Company, Tesla will all be together in the text books. Oh don't forget the VW thing a couple of years ago.
As a wise person has said in the past always look at the days to cover before you go short an individual name. Number two point, never short a stock with a retail following that acts like a cult.I would add a third point, watch out if a ton of the stuff is held in a margined account because if the owners pull it out of loan-able category it gets a big squeeze going. Several smaller companies with sketchy results the founders/large holders have played that game on the shorts in the past.
My third point relates to twitter rumor today that Elon has been pulling his shares out of margin as the price goes up, as I imagine are the hedge funds that are long.
K447 wrote:
Post something of your own. All you do is snipe at others.
I trade longer timeframes than most participants here.
If I appear to be sniping at others, that is certainly not my intent.
A while back I did post some info on how I trade and what I look for. There was not much ongoing interest, so I don't post about that here.
I try to post relavent facts and perspective, not for minute by minute trading, but about the landscape I am seeing. The TSLA stuff was along those lines.
K447 wrote:
Post something of your own. All you do is snipe at others.
I trade longer timeframes than most participants here.
If I appear to be sniping at others, that is certainly not my intent.
A while back I did post some info on how I trade and what I look for. There was not much ongoing interest, so I don't post about that here.
I try to post relavent facts and perspective, not for minute by minute trading, but about the landscape I am seeing. The TSLA stuff was along those lines.
Fair enough. But your manner comes across as sniping. You do not offer thanks. You do not include names, as with, Thank you, K447. You rarely offer any of your own content. It seems to be always as a judgment of the offerings of others.
I updated the data on TSLA for you. You are welcome. Do you really want to see that data?
Last edited by JFR on Wed Feb 05, 2020 2:14 am, edited 2 times in total.
Charts posted are not recommendations. They are just a sharing of information.
Perfect pattern for breakout and likely the breakout would be for real.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Trades with cats wrote:Qualcomm, AOL, South Seas Company, Tesla will all be together in the text books. Oh don't forget the VW thing a couple of years ago.
As a wise person has said in the past always look at the days to cover before you go short an individual name. Number two point, never short a stock with a retail following that acts like a cult.I would add a third point, watch out if a ton of the stuff is held in a margined account because if the owners pull it out of loan-able category it gets a big squeeze going. Several smaller companies with sketchy results the founders/large holders have played that game on the shorts in the past.