Today

in #trading6 years ago


https://finviz.com/publish/031518/DXRc1dl1800.png
These fixed charts are very handy now this post will forever show what this looked like today.

Selling tomorrow at the open would obey the green bar selling rule and probably do "you" very well.

Was there anything in the chart to tell you it was a buy (when it was a buy)?

First of all, it was down 50% in 1 year / 6 months ... of late and so would have been on, say, the Month -50% list at the key moment https://finviz.com/screener.ashx?v=211&f=ta_perf_26w50u&ft=3&ta=0 ... when it made a nice little wedge last November @$4 being sort of the key moment ... but after that it made a mountain, and that ended with square patterns in January and February and a large red bar and then a gap down, all of which was confirmation of the wedge signal, with confirmation possibly meaning something, which would be nice since this is ultra speculative in the fundamentals.

Confirmation might not mean anything, though. It's true I've been having good luck with square patterns like what this illustrates, but I'm not sure I can really recognize them or how meaningful it means they are. I've been taking microscopic positions in patterns like this, $30 positions, then holding for big green bars and strategic levels, so hopefully I'll get some big multiple returns like what buying this at $4 would now be making likely for tomorrow. Other than keeping my total at risk very small I don't have any control of the risk, so if a lot of these trades fail I won't make money, even if some succeed.


https://finviz.com/chart.ashx?t=DXR&ty=c&ta=1&p=d&s=l
These dynamic charts are handy because they update with the latest when you go to the post. Wait, Steemit just said it saved the image, so maybe not, but you can get the updated image via the link.


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It's cool this went all the way to its 10 year highs. It's surprising how often that kind of thing happens, though probably there's a lot of cases where it won't. For your convenience here's the page at Finviz. You can look at the financial numbers, there.