2 hr timeframe. martin pring's macd settings of 65,90,12. watch the histograms. that signal got you out on Dec 29th. it got you in yesterday. AMBA is trending higher now. still in early stage of uptrend. 44.59 is gap fill. near 52 is the 200 period moving average. Shorts must cover now
I have been holding for several years. it was nice to see our local news pick up this story. it was a tech segment on 2016 trends
check post history, I called the same thing yesterday for Macys. took 70% profit on my calls there. only 2% short M though. FIT has 65% short interest, and they are on the wrong side of this pattern
sell the $40 and $39 weekly puts. you can sell one for every 100 shares you own. at $46, sellers will overwhelm buyers, then you can sell weekly $47 calls. play the game young Skywalker
covered my VXX calls at 12:45 today. almost exactly the bottom for equities. Got long FTK and M. it has been a great day.
should read "over the coming weeks..." not week. congrats traders, we have a bottom
over the coming week, we are looking at a bounce to the 38.2% fib, near $147.
it will take several weeks for the shorts to cover their positions. I am long oil, buying UWTI yesterday and today
on the 15 min chart. doesn't feel like it, but it did. the most recent move down filled the gap from Dec 22nd. anybody short at this level, is very late to the party. short covering should start very soon and will last for weeks
Monday - Tuesday up on increasing volume. Wednesday pullback to 50% fib retrace of that move, near $106.10. $109 next price target near term. price also held support of the Tasuki Gap and backtested the bull flag pattern. price is headed hgher, barring a geo-political overnight event
good luck traders. took profit yesterday, back in today. bull flag breakout. $109 this week, $121 in January
I would look to buy at 3:59 today if price shows that it will close above 105.32. weekly calls will bring the highest % return. after the all time high is taken out, I would look for the next short term top to be around $121. that would be about a 15% run, which is how big the last run was that got started oct 15th, when price broke consolidation.
using the MACD (12,26,9) histogram shift rule. there was a bullish histogram shift on Friday. a close above the high of day (105.32) triggers the entry.
the MACD has been below the signal line since 11/13, which means price has been consolidating / range bound. MACD should cross above the signal line this week, which will lead to a new all time high by end of week or early January.
15 min chart just broke out of a symmetrical triangle. it is in backtest mode now. let's see what the final hour brings.
Sentiment: Strong Buy
under heavy accumulation. inverse head and shoulders bottom. about to break 200 day, and not look back