STT - Technical Analysis (TA) - VII
952i
Date: 08/05/16
Time: 00:34:01
Post #: 17704609
Since its TA weekend I've added extra commentary on my thought process behind the charts.
1. BGS: Absorbtion + No Supply + Ascending Triangle
2. HNR: Breakout from flag + bullish doji
3. NUH: Breakout from tight trading range.
4. SRT: Low volume retrace - Safe entry. Also including my chart from 3days ago and go exactly what i wanted (took 1 extra day than I expected).
Old Chart:
New Chart: Incredibly weak selling. With Prospectus due could be final roll call before it tries break out, in the top 4 lowest volumes since December 2015.
5. GPH: Potential Absorbing looks ready to try break again. One of the most perfect cups I've seen.
6. LPE: Last but not least - even though it may not break this week when it does I expect big things. Coiling away.
952i
Date: 21/05/16
Time: 00:55:54
Post #: 17829525
Here are some charts what I tend to look for in accumulation. I feel weekly works best for identify accumulation.
Look for: 6weeks minimum of moving sideways, you want to see the move down to support on lighter volume than the move up towards resistance. Best entry would be at the test of a breakout but most amateurs including myself get FOMO and just enter at breakout and cant wait for a test for a safer entry. I'd say 75% of the time you will get a retest but in the moment your brain usually screams "this is your only chance" this is where psychology comes in important.
Anyways to the charts (oldest break to most recent):
1. NOR - Yellow accumulation box. Purple candle is your test of breakout which rejects the box and has an excellent close breaking resistance (secondary breakout). NOR for me was what I would say a most significant ever trade for me, not in a good way. I got in about 14c and sold in the 5's, I just started out and had no idea what I was doing (gambling lol). Held onto hope and never saw a loss so big. After selling is when I decided to learn everything I could to get better.
You can see on weekly a double pipe top, look at the close of each candle that touched the white line - horrific. That break of yellow line shouldve been the final warning sign for exits.
2. EMC - Yellow accumulation box -> breakout on 3 times volume -> test bar -> secondary break of resistance(sorry that white line is kind of hard to see).
3. NUH - More recent break. Once again, yellow accumulation box - check, breakout on 5 times volume of previous candle - check, purple test bar - check, secondary break of resistance - check.
4. LPE - Yellow accumulation box -> Breakout 3times volume -> Test bar + Good close on test bar is a bonus -> secondary break of resistance we shall wait and find out.
Hopefully everyone can start noticing a pattern and maybe make some coin off this technique. Quite a simple method, I think knowing whens the right entry is the most difficult part.
If anyone knows of any other stock under accumulation let me know so I throw it on a watchlist. I've got only MDR and MNQ which I'm watching eagerly waiting for a breakout from accumulation.
I also suggest entering stocks with good FA behind it to when using this method, just helps sustain the run and produce multibaggers rather than a quick entry and exit.
You can use daily charts to get a more accurate entry.
Example MNE:
But the weekly says the same old story aswell: Breakout on 7x volume -> Test bar -> secondary break of resistance? Not a 100% sure only for two reasons
1. Weak close on the test bar
2. Accumulation period was quite short, but then again so was NUH and that had a good second run post breakout.
FullMoonFever
Date: 01/06/16
Time: 21:31:50
Post #: 17928198
Try these for a start (just some I keep bookmarked - though don't know if does me any good sometimes) - plenty others out there and plenty helpful posters in here too
Dragonfly Doji one:
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Dragonfly Doji.html
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis
http://thepatternsite.com/visualcpindex.html
http://thepatternsite.com/CandleVisual.html
http://www.hotcandlestick.com/candles.htm
http://www.hotcandlestick.com/candlestick-game.cgi
http://alphashark.com/candle-stick-visual-reference-guide/
