Short Term Trading Weekend Lounge: 19-21 Oct, page-29

Happy Weekend All.

Tough market atm. Seems to be better suited to intra day trading as one day the dow is down and gold up then the opposite. So in order to make money need to be around what is hot on any given day. Therefore I'm just sorting by volume and % gain everyday and trading those. I'm not convinced the BIO sector is hot, I believe traders are trying to make it that way looking at similar companies after the run on BIT. I don't think it has any real longer term legs FWIW.

Notwithstanding some charts that may interest below. Happy for feed back or comments as always.

PWH Made a very big cup and after a brief Pull Back Put in a flag Breakout. Potentially it started to try and make a new pole on Friday. A bit of sell down from the spike but I have to allow for the possibility that was just Friday traders taking money out the market for the weekend.




SOL You can clearly see has been very solid power play performer. May require a brief Pull back to retest the break out before having another run but as the saying goes let the trend be your friend. that volume looked climatic to me on Friday hence the need for a PB IMO.




TLX having solid crack at breaking through the previous ATH on decent volume.




DRM looking to try and Break out of the trading range.



SMX not sure what is with this chart TBH. Has the company resisted? Either way range contraction and looking like it going to pick a direction very soon.



GXL retest of the Break out zone and potentially ready to start a run up to next resistance level.



IMF Flag Play looking to try and make run for it


Thats it folks. Have a good one