how would you play this? breakout / pullback / other?

Discussion in 'Technical Analysis' started by Growly, Aug 14, 2018.

  1. lindq

    lindq


    If it opens down in the morning, I view it as a 2-day short as it has set up a triple top.

    What is the stock?
     
    #21     Aug 15, 2018
    Growly likes this.
  2. speedo

    speedo

    I don't trade them but rising wedges are considered bearish.
     
    #22     Aug 15, 2018
    Growly likes this.
  3. Growly

    Growly

    It was spun of blackrock.
    blackstone manages assets.
     
    #23     Aug 15, 2018
  4. Growly

    Growly

    The upper line is parallel, so it shouldn't be considered a rising wedge or triangle... no?
     
    #24     Aug 15, 2018
  5. speedo

    speedo

    Drawn the way you have it yes but cutting off the two wicks might be a little severe.
     
    #25     Aug 15, 2018
    rsimoni and murray t turtle like this.
  6. Chewy

    Chewy

    I recommend you read the book Edwards & MaGee on Technical Analysis. That book covers how to trade. really learn everything you can from the book. there are many editions at different prices. i would pick a lower priced copy of the book. Amazon has the books from less than $10 to over $100. I purchased and read the 5th edition when it was the newest edition 50 years ago. It is the foundation of all my trading.
     
    #26     Aug 18, 2018
  7. %% Good word;
    if he has 7 or 8 houses ....LOL:D:D
     
    #27     Aug 20, 2018
  8. SunTrader

    SunTrader

    IMO one of the best Investing, not Trading, books ever written.
     
    #28     Aug 20, 2018
  9. Just added some more here from .80. Nothing like confirming a breakout into the open with a new high in the afternoon.
     
    #29     Aug 20, 2018
  10. SunTrader

    SunTrader

    BX.png
     
    #30     Aug 20, 2018