Best Stock Hints Latest Tips To Buy & Invest Best Stocks Today
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As of 04/27/2020 Indus: 24,134 +358.51 +1.5% Trans: 8,317 +225.02 +2.8% Utils: 806 +10.71 +1.3% Nasdaq: 8,730 +95.64 +1.1% S&P 500: 2,878 +41.74 +1.5% |
YTD -15.4% -23.7% -8.3% -2.7% -10.9% |
 26,200 or 21,500 by 05/01/20209,250 or 7,500 by 05/01/2020890 or 725 by 05/01/20208,800 or 7,450 by 05/01/20203,000 or 2,500 by 05/01/2020 |
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As of 04/27/2020 Indus: 24,134 +358.51 +1.5% Trans: 8,317 +225.02 +2.8% Utils: 806 +10.71 +1.3% Nasdaq: 8,730 +95.64 +1.1% S&P 500: 2,878 +41.74 +1.5% |
YTD -15.4% -23.7% -8.3% -2.7% -10.9% |
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26,200 or 21,500 by 05/01/20209,250 or 7,500 by 05/01/2020890 or 725 by 05/01/20208,800 or 7,450 by 05/01/20203,000 or 2,500 by 05/01/2020 |
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Released 3/18/2020.
Consecutive Closes: Tutorial
Below is a slider quiz/tutorial to test your knowledge of consecutive higher or lower closes leading to a chart pattern breakout. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them. For more information on these findings, click: this link.
1 / 6
upward breakout (A) closes higher four days in a row. I show that in the inset (B) with four red dots. Do four consecutive up closes mean price is more likely to
throwback? By that, I mean the move from A to C, where the stock returns to the breakout price shortly after the breakout. The next slide provides the answer.
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downward breakouts? Yes. More than three consecutive lower closes leading to a downward breakout means a pullback is less likely. What about performance? See the next slide.
3 / 6
Given the same situation, is the move from A to C shorter than it is otherwise? To put it another way, does performance suffer after 3 consecutive higher or lower
closes leading to a breakout? The next slide provides the answer.
4 / 6
Does performance suffer? No. Post-breakout performance is better if price closes higher/lower consecutively more than 3 days leading to the breakout, especially if the
breakout is downward (that is, expect a larger decline after 3 consecutive lower closes). What about failures? See the next slide.
5 / 6
Given the same setup, does price fail more often than normal? That is, instead of continuing upward, price drops like that shown from A to C. The next slide provides the answer.
6 / 6
but only see a slight improvement after downward breakouts. For more information on these findings, click: this link.
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