Mactheriverrat 3,157 posts msg #137406 - Ignore Mactheriverrat modified |
8/6/2017 11:52:12 PM
Using Daryl Guppy Trend trading Investor Group - The Ema(30) , Ema(35) , Ema(40) , Ema(45) , Ema(50) and Ema(60) is used as trend showing long tern Strength. This is the long term Investor's like Morgan Stanleys , Edward Jones, Merrill Lynchs , Teacher's retirement funds, Wealth Management funds.
The short term group is the Ema(7) and the Ema(13) plus the Ema(4) which is not on the Chart.
When Price can make a move back up from a pullback while the Long term group still Bullish show you a good point to enter on a current Uptrend.
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Mactheriverrat 3,157 posts msg #137418 - Ignore Mactheriverrat modified |
8/7/2017 12:32:12 PM
CAR
Friday CAR's price was strong enough to pull the EMA(4) (not on chart) , EMA(7) and EMA(13) up day over day movement. Sign of a start of a 2nd leg up.
Ema(30) over EMA(30) one day ago = Positive
Ema(9) over EMA(30) = Positive
Nice setup for breakout but its a earnings play for today and I hate playing pre-earnings.
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Mactheriverrat 3,157 posts msg #137446 - Ignore Mactheriverrat |
8/7/2017 11:34:37 PM
CAR reported bad earnings- Expected drop tomorrow - That's why one shouldn't play earnings.
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GGB is a prime example of a good setup and breakout.
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Mactheriverrat 3,157 posts msg #137585 - Ignore Mactheriverrat |
8/12/2017 6:17:56 AM
How many times could one have jumped in on a uptrend is the question.
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