Reminded me of my Borosil renewables chart of last year in July.
AWL - look at the ranges of contraction on the chart https://t.co/2XMhqZQu8X
Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy— The_Chartist \U0001f4c8 (@charts_zone) July 12, 2021
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Point 1 = Profit booking by many traders and fresh short positions opened taking the stock down till level 2 where there is no more selling
Point 2 - a level wherein the stock becomes attractive again for fresh buyers and short positions will be covered adding strength to the stock.
It moves back till point 3 which is now the psychological resistance level and would again see profit booking by weak hands.
But, this time the stock fell till point 4 wherein the buyers (smart hands) are willing to pay a higher price and further push out the weak hands absorbing all their selling. This is the ideal entry point for a risk-loving trader as this is the closest to the stop-loss point.
Finally, you see - in the whole process - the stock has shifted hands from uninformed retail investors to "smart hands". And finally followed by a cup and handle breakout. The target will be the depth of the cup projected upwards from the breakout level.
When to take entry for a conservative investor? At candle no 5 - the breakout candle and stop-loss a few % below breakout level.
In the next thread - I will explain to you how the same principle works for most of the patterns (No need to mug up the pattern names)
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As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)
To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:
- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)
- If it gave a rejection candle at resistance.
- If any Index closed exactly at support, you can get a trade on either side the following day.
- If there was a bullish signal at the support.
- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)
- If any Index has taken support at 50 or 200 EMA.
Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)
What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)
- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)
The answer is artist Will Hulsey...
Will Hulsey was the undisputed king of the animal attack pulp cover. You name it, he'd paint it attacking you in a pool of stagnant water.
Very little is known about Will Hulsey, but he worked on a number of men's pulp magazines in the 1950s and early 1960s including Man's Life, True Men, Guilty, Trapped and Peril.
Their audience was ex-GIs: during WWII the US Council of Books in Wartime had given away over 122 million books to American servicemen to read; this led to a post-war surge in paperback and magazine sales amongst these newly enthusiastic readers.
As a result the 1950s saw a raft of men's pulp magazines being published to tap into this market - almost 200 different titles!
Watch the video -->
A. Yes! When using arrow functions, the scope of "this" is effectively passed in from the outer scope. See here in this REPL
Q. Where does Polymer fit in? Is it considered a framework like the others?
A. @Polymer is an excellent way to create web components, which are ideal for creating sets of interactivity that can be shared in web apps.
Q. Have we gone framework crazy?
A. At one time, quite possibly. A few years back we literally had framework overload. I feel it really has solidified into a few very strong choices.
Q. [Is] there no more need for @polymer?
A. See my previous question on this ... but in general, I think there is a lot of room for Web Components with frameworks.
what would u look for?
How would u identify scrips just before breakout?
Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)
Price is testing the same resistance repeatedly since long.
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.
1. Volume buildup (vol > when resistance point created) along with, increase in OI, increase in delivery % on HTF
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.
Stock reaching breakout LVL with HL-HH
Contraction of price and volume near it especially near 20 days ma.
If there is any breach of the latest HL it should be followed by a bullish candle with good volume.
Left side of the chart has a rally with a very steep slope of ma.
Number of wide range green bars with high volumes.
If stock is at its ATH then it adds more conviction bcz there wont b supply after that point
Consolidation below the resistance, volume of the candles & strong bullish candle closing at near highs just below the resistance
2/The biggest myth, I think, is that universities help regions by educating locals as undergraduates.
Skeptics of universities say: "But most of the people who graduate end up leaving."
3/In fact, most of what a university does for a regional economy is NOT about educating local kids.
Educating local kids is good for the nation, but doesn't help a region much.
The way a university helps a region is through
4/Undergraduates usually leave town after graduation.
But university RESEARCH pulls in OTHER smart people from other regions, and they stay there.
Here's a paper showing that this is the main way universities increase a region's human capital:
5/Research also pulls in business investment.
Companies want to partner with university labs, so they can commercialize the technologies the labs produce. So they invest in the labs, and sometimes they even put their offices in the town.