Spork3245 Posted March 6, 2021 Share Posted March 6, 2021 Just now, Amazatron said: How does charting apply to such short time frames? You're essentially at the mercy of high-frequency traders and just gambling. Triangles allow seeing support/resistance for scalps. 5-10m is a minimum to watch on. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 @Joe No link yet, but I just heard... "WKHS GROUP OF U.S. HOUSE DEMOCRATS INTRODUCING BILL TO PROVIDE POSTAL SERVICE WITH $6 BILLION TO BUY ADDITIONAL ELECTRIC DELIVERY VEHICLES" Stock ripping. I hope you held 1 Quote Link to comment Share on other sites More sharing options...
Joe Posted March 8, 2021 Share Posted March 8, 2021 2 minutes ago, Spork3245 said: @Joe No link yet, but I just heard... "WKHS GROUP OF U.S. HOUSE DEMOCRATS INTRODUCING BILL TO PROVIDE POSTAL SERVICE WITH $6 BILLION TO BUY ADDITIONAL ELECTRIC DELIVERY VEHICLES" Stock ripping. I hope you held I did! This will make my buddy’s day more than mine as he lost WAY more, but still great to hear! Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 2 minutes ago, Joe said: I did! This will make my buddy’s day more than mine as he lost WAY more, but still great to hear! The way that congress's eyebrows raised just a day after the deal with Oshkosh (or whatever) was made instead of WKHS, I had a feeling there was a decent chance of it recovering. More often than not, catalyst analysis is your best indicator (but in the current market nothing actually makes sense, so ). Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 Not sharing in-play ones as I still do not feel confident, but, I was debating on grabbing a position in OPGN as there was a chance it was headed to $5 given the volume, hype and fomo. I drew this trendline on the 10m after the second red candle finished and the following green was nearing it's end. Watched the next candle, saw it bled below the trendline, next candle confirmed that the run was over for now: But, something something tea leaves and too short of a time frame, right? This knowledge I've been accumulating just saved me from making a several hundred dollar mistake. Now I've formed a new trend line showing the downward to to see if it reverses before taking that position I want. EDIT: If it breaks (and holds at/above) $3.55 it'll do another run, hit a double-bottom at $3.09. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 OPGN is likely done. The wall to get back to $3.70 is ridiculous, over 600k sell orders. Might run again in PH or tomorrow, though, pending where it holds from here. GME, if it breaks that $200 wall there might be nothing stopping it's game. Spoiler Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 GME broke $200 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2021 Share Posted March 8, 2021 This is ridiculous Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 1 minute ago, sblfilms said: This is ridiculous It was fun watching someone/something try to hold that $200 sell wall up. It was hovering at like only 8k max sell orders (which is nothing given the volume right now) but every time it started to crumble it was being re-fed Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 @Jason you should've held. What a paper hand, I bet your wife's boyfriend is super mad at you. Am I WSB-ing correctly? Spoiler 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 8, 2021 Share Posted March 8, 2021 Man, OPGN just got crushed after hitting $4. Back down to it's $3.55 support line. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 9, 2021 Share Posted March 9, 2021 dogecoin making moves again Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted March 9, 2021 Share Posted March 9, 2021 GME Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 9, 2021 Share Posted March 9, 2021 Be on the lookout for those Deliveroo tendies! https://www.bloomberg.com/news/articles/2021-03-08/deliveroo-kicks-off-london-ipo-bolstering-a-busy-u-k-market Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 9, 2021 Share Posted March 9, 2021 Related content. 1 4 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 10, 2021 Share Posted March 10, 2021 GME ended aftermarket at $261. Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted March 10, 2021 Share Posted March 10, 2021 I'm just hoping these gains will equal what I lost the first time around lol. I made a bit on puts last time hopefully this will fill in the rest. Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted March 10, 2021 Share Posted March 10, 2021 @Spork3245 do your candles explain GME? Almost hit $300. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 10, 2021 Share Posted March 10, 2021 40 minutes ago, cusideabelincoln said: @Spork3245 do your candles explain GME? Almost hit $300. If you’re expecting anything to make GME make sense, I’ve got some bad news. I can identify the current support and resistance levels, breakouts, reversals, etc - but beyond “during the day analysis”, anyone trying to be predictive in its movement should be quickly ignored. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 10, 2021 Share Posted March 10, 2021 This guy is probably one of, if not the, best charters I've seen and is one of the guys I've been trying to learn from. Here he is showing XELA's chart from yesterday, it should give a good idea of what I try to look for (I'm not even close to his level): Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 10, 2021 Share Posted March 10, 2021 I'll attempt to look at GME once market opens. PM is... uhhh... well, I don't bother using that for charting and will only buy/sell during it if the pricing fits my "plan" for a multitude of reasons. My main focus has been watching AMC. Started buying small amounts of shares and scalping it each day - so far I've dropped my average down by $3.5 from my newb screw-up in January. If AMC's momentum holds after the earnings report today, I could break even or even come out positive on it. Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted March 10, 2021 Share Posted March 10, 2021 1 hour ago, Spork3245 said: If you’re expecting anything to make GME make sense, I’ve got some bad news. I can identify the current support and resistance levels, breakouts, reversals, etc - but beyond “during the day analysis”, anyone trying to be predictive in its movement should be quickly ignored. I was trying to make it a joke but I failed to include the Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 10, 2021 Share Posted March 10, 2021 2 hours ago, cusideabelincoln said: I was trying to make it a joke but I failed to include the Then I'm not going to bother as I have no position I will say this; the sell walls are mostly fake for GME. They're so tiny at only 3-4k, but as soon as they start to crumble they're instantly re-filled, likely by hedgefunds using algos (bots). It's such a wild thing to watch. AMC has actual walls to get through, like 50k to break $12.50. Quote Link to comment Share on other sites More sharing options...
Pikachu Posted March 10, 2021 Share Posted March 10, 2021 Are you guys buying any Roblox? Quote Link to comment Share on other sites More sharing options...
Joe Posted March 10, 2021 Share Posted March 10, 2021 Come on AMC! Give me my out to buy more Novavax! Quote Link to comment Share on other sites More sharing options...
Brian Posted March 10, 2021 Share Posted March 10, 2021 1 hour ago, Pikachu said: Are you guys buying any Roblox? No. I buy in on IPOs when they experience their first dip if I like the company. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 10, 2021 Share Posted March 10, 2021 GME hit $340, now at $330. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 10, 2021 Share Posted March 10, 2021 LOL it just fell off a fucking cliff to $216. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 10, 2021 Share Posted March 10, 2021 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 10, 2021 Share Posted March 10, 2021 That was WILD 😮 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 10, 2021 Share Posted March 10, 2021 Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted March 10, 2021 Share Posted March 10, 2021 This is the dip, time to buy again! Quote Link to comment Share on other sites More sharing options...
Guest Posted March 10, 2021 Share Posted March 10, 2021 3 minutes ago, cusideabelincoln said: This is the dip, time to buy again! It’s RACING back up Quote Link to comment Share on other sites More sharing options...
Guest Posted March 10, 2021 Share Posted March 10, 2021 Halted again Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted March 10, 2021 Share Posted March 10, 2021 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.