Please comment on this chart if you have time.

Discussion in 'Technical Analysis' started by semperfrosty, May 20, 2023.

  1. Weekly chart.

    I obviously have way too many horizontals.

    SMA's are 200,100 and 50.

    Does the drop from the triple top reset the chart in theory i.e it shouldnt top again at that level?

    Am I looking at a head and shoulders pattern with a double bottom?

    Thanks for any insight.

    upload_2023-5-21_0-55-39.png
     
  2. I see both side opportunity as trand line breakout but mostly upper brakout bcz all ready fake breakout make it once.
     
    semperfrosty likes this.
  3. Uh-oh….I see a triple tops…and u know what that mean right?
     
    KCalhoun likes this.
  4. SunTrader

    SunTrader

    Help to know symbol.
     
  5. Big AAPL

    Big AAPL

    Looks like a H&S buildout
    Play it carefully and don't jump in prematurely.
     
    semperfrosty likes this.
  6. Big AAPL

    Big AAPL

    Sun Trader is correct...it helps to know the issue
     
  7. maxinger

    maxinger

    upload_2023-5-21_7-27-48.png

    I presume you are a long-term investor/trader.

    You cannot trade/invest when you don't bother to see the
    SYMBOL & X axis.
    Luckily you have the Y axis.
    There are people who don't even see the Y-axis.

    You cannot trade a stock without knowing
    - the competitors
    - which sector it is in


    JUICY ZONE
    that is the time to trade


    GARBAGE ZONE
    that is the time
    - not to trade
    - not to talk about the head shoulder head thing
    - not to talk about the double top triple top thing

    And if you missed profiting from the JUICY ZONE,
    ask yourself
    - where were you during the JUICY ZONE
    - why you missed the boat

    ___________________
     
    Last edited: May 20, 2023
    aja and semperfrosty like this.
  8. schizo

    schizo

    Dude, easy for you to say all this in HINDSIGHT.
     
    SunTrader likes this.
  9. maxinger

    maxinger

    Then simply avoid analyzing charts.
    Then there is no hindsight problem.
     
  10. schizo

    schizo

    Is that the best excuse you can come up with? Surely, you could have done better. :sneaky:

    Fine, being such a smart dude that you are, why don't you tell me where this instrument will be in the next 3 months. Is it going up or down from today's price?

    BTW I ain't picking on you out of boredom. But you have this habit of regurgitating "would, shoulda, coulda" all too often.
     
    #10     May 20, 2023
    SunTrader likes this.