Index Extension Above the 50-Day Moving Average Explained
A base breakout clears its pivot on heavy volume, and the setup on the stock's own chart looks clean. The benchmark index closed at 4,780 that same day, with its…
A base breakout clears its pivot on heavy volume, and the setup on the stock's own chart looks clean. The benchmark index closed at 4,780 that same day, with its…
On 15 September 2020, the day MicroStrategy disclosed a second bitcoin purchase worth 175 million dollars, the stock opened at 14.50 and closed at 15.57. That was a week after…
Two journal entries from the same breakout method can look almost identical at the moment of entry, and the disposition effect is often what pulls them apart later. A stock…
A growth stock spends seven weeks building a flat base under 48.20, then closes at 49.35 on volume running 2.1 times its 50-day average. Two weeks later it might be…
Two traders watch the same base. The top of the range sits at 100.00 and the nearest chart-failure level is a support area at 96.00. One gets a fill at…
Two growth stocks finish their bases in the same quarter. Each one ran more than 100% in the months before, built a tidy six- or seven-week consolidation about 10% deep,…
A growth stock has spent seven weeks moving sideways between 46.80 and 52.10. The 50-day moving average sits at 48.90 and is still rising. On a quiet Tuesday the stock…
On 4 January 2021 Tilray closed at 90.00, 10.10 points under the 100.10 spike high its merger announcement had printed three weeks earlier. Two days later the Georgia runoffs handed…
A growth stock climbs from 18.40 to 39.10 in seven weeks, a gain of 112.5%. Most charts that go vertical like that give a large part of the move back.…
Polar Power is back on traders' screens this week, and per the company's 29 September release it has a new trial order for 50 propane-fueled DC generators from a Southeast…