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Author Topic: Stocks & Trades  (Read 3287 times)

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Offline Olive Juice

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Re: Stocks & Trades
« Reply #60 on: September 19, 2020, 05:22:33 PM »
US-China trade deal is about to fall apart or gain next week.



I'm not worry about the US-China trade deal.  I'm taking advantage of the current situations in the States.

Offline Olive Juice

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Re: Stocks & Trades
« Reply #61 on: September 19, 2020, 05:30:46 PM »
Very proud of this Silicon Valley startup.



Offline Olive Juice

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Re: Stocks & Trades
« Reply #62 on: September 20, 2020, 02:12:08 PM »
Cup & Handle pattern could be in the making, although the handle isn't necessary for it to shoot straight up as the handle isn't written in stone.  However, if a handle is formed, it better not dip down to the 1.14 zone as that would render the pattern broken.

I don't see that scenario to occur as ER is only a few days away.  They will be a slew of traders buying in to make a play. It has already pierced through and broke out of the falling wedge like a hot knife on butter.  If volume is there, it's on its way to the next resistant lines at 2.01 and 2.50  :)




Quite a good chance there's a good spike in volume indicated by the 3.7 million shares bought at the close on Friday.


Offline Olive Juice

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Re: Stocks & Trades
« Reply #63 on: September 27, 2020, 06:36:34 PM »
Here's a startup medical cannabis company.  The chart clearly shows a well defined trading rage.  I read it as a period of accumulation, the time when institutional investors are buying in.  It may takes months for this period to end, and I don't expect to see a huge spike in price action just yet.  Ahhh but that's the beauty of it, as I like to play along with the tutes.  They buy so I'll buy, and I'll take my time accumulate as much cheap shares as I can until the tutes take the break off and release the kraken.


Offline Olive Juice

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Re: Stocks & Trades
« Reply #64 on: October 16, 2020, 04:44:10 PM »
Bull flag formed right after the previous one.  What a beast.


Offline Olive Juice

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Re: Stocks & Trades
« Reply #65 on: October 20, 2020, 08:55:24 PM »
Pretty much sums up this year market.  In a recession, it seems small or medium cap companies have the most potential and, to make it more interesting, many breakouts occur from the same chart setup.  So, what does the equilateral triangle mean?  It means everyone can dream big, OKAY??

What gets me excited is the fact this chart, after August, looks exactly the same as the chart from another company.  This tells me it's run by the same algorithm, and possibly by the same market maker.  Looking at you Steven Boyd 👀

Up 240% after hours. 


Offline Olive Juice

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Re: Stocks & Trades
« Reply #66 on: October 25, 2020, 11:21:43 AM »


And that doesn't include our other products like VASCAZEN, the best antibody and antigens covid-19 test kits, and Healight.  When Healight is approved, look for Big Pharma to offer a buyout, but I believe the CEO wants to cement his legacy and builds his own new and improved big pharma.  Share price has the potential to be in the $100-$200 range, if not more.  We just have to wait until institutional investors to finish loading up before it runs. 




Offline Olive Juice

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Re: Stocks & Trades
« Reply #67 on: October 29, 2020, 09:50:31 PM »
The last bullish(green) candle is known as a hammer candle.  The wick must be at least twice as long as the body.  In a downtrend, a hammer candle signifies possible reversal to uptrend IF the next candle, depicted by the grayish box that I drew, is also green(bullish) that closes higher than today's high.


Offline Olive Juice

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Re: Stocks & Trades
« Reply #68 on: November 06, 2020, 07:04:48 PM »
In every state where marijuana legalization or another drug policy reform was on the ballot, it won.  And just like that, MJ stock went up big today, reaching high by 88% before 8AM.  As a trader, I sell as soon as I see signs that it will come down.  Looking at the chart, you'll see that the stock gaps up in the morning from yesterday closing price.  Eventually, the stock will come down to fill that gap.  I'll wait until it does to buy back in.  Until then, I'll take the profit and reinvest in other stocks.


Offline Olive Juice

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Re: Stocks & Trades
« Reply #69 on: November 11, 2020, 09:27:44 PM »
This weekly chart shows a rare Adam & Eve pattern - a variation of a double bottom pattern - in the making.  The first bottom is pointy and has a V shape.  The second bottom(almost complete) is rounded and shapes like a U.  The dotted purple line is where the stock needs to break for a breakout confirmation. When the pattern completes, it should look like this: VU which is a big W with one rounded bottom.



For reference:




Offline Olive Juice

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Re: Stocks & Trades
« Reply #70 on: November 12, 2020, 07:45:21 PM »
A trade a day keeps the day job away  :)


Offline Olive Juice

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Re: Stocks & Trades
« Reply #71 on: November 16, 2020, 08:16:27 PM »
When looking over charts, I often check indicators from different timeframes to get a better picture of the movement.  Today I'm checking out the Accumulation Swing Index(ASI) indicator.  Normally, the ASI and the price action move in tandem with each other.  If the price rises, so will the ASI, and so on.

But what the heo does it mean when they're not moving in tandem?  This chart clearly shows the price action is in a downtrend, yet ASI kept rising.  Is this some kind of fraud?  Actually, this phenomenon is known as positive divergence.  When price continue to make lower throughs, and ASI fails to make lower throughs, the downtrend is likely to stall or fail.  Meaning buy all you can at this current price, because correction will occur, and the share price will blast off into the stratosphere, OK?


Offline gaden

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Re: Stocks & Trades
« Reply #72 on: November 17, 2020, 04:55:45 PM »
Isn't there a 3 days wait period for re-entering a stock, to prevent day traders?Not unless you have a day trading license?

What's the best cannabis outlook right now?  I used to follow MCIG stock back in the days but now it's just hovering.

Offline Olive Juice

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Re: Stocks & Trades
« Reply #73 on: November 18, 2020, 07:22:29 PM »
You can trade as often as you'd like if you keep $25k in your account, otherwise you're limited to no more than 3 trades in a given week. I have multiple accounts for different purposes, but the best app for trading, in my opinion, is RobinHood.  I could make a trade in second, and you know how important that is when a stock price is wildly volatile. 

I've been swing trading HEXO for several months.  I know not many have positive sentiment for cannabis stocks from Canada, but the trading range was too predictable for me to pass on.  I do think HEXO will do well based on contracts they've gotten, and on different marijuana products they sell.

ACB, APHA, OGI, CURLF, GTBIF, GWBP are some other cannabis stocks, but I haven't follow or do any due diligence on them yet.

Isn't there a 3 days wait period for re-entering a stock, to prevent day traders?Not unless you have a day trading license?

What's the best cannabis outlook right now?  I used to follow MCIG stock back in the days but now it's just hovering.

Offline Olive Juice

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Re: Stocks & Trades
« Reply #74 on: November 30, 2020, 06:59:57 PM »
Pot stock still going strong, and my HEXO went up more than 46% today.  My target is $3 and that would yield more than 500% gain. 



Anyone from Asia or Europe interested in stock trading, please make sure you watch this vid first;  it's a total different animal.  It's imperative you know what you're doing, or the market will chew you up and spit you out.


 
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