My new theory on RKDA. I think a lot of people consider it a Cannabis stock (Maybe because of their hemp product). That explains the huge volume, the huge move up Wed, huge down Thur. Or, like Becky said the large short interest.

He is a computer software developer worked for adobe as a consultant and many more big software companies and he is been trading for 15 years,he is building with a team of developers an app which tracks edge found manager buys and sells , this years posted his gains which are very high 250000 euros and wants to teach how to invest as swing trader and with fundamental analysis the average Italian person,he believes then the average person deserve to know at least how to invest for the long term for financial freedom when u want retired!he talks about the books they should read and lots of other interesting stuff and now after extreme gains he believes is time to become more conservative and sell some tech and go on the safer stuff would be nice if we could have a video here too about a safe investment portfolio!

I don’t know. I don’t see much in the charts. There is a gap support around 4.12 (based on hourly chart), which it kissed today around 12pm but I have no idea what it’s gonna do next.

becky, you think that it will bounce back from the 4.40 level?

thanks Randy … unfortunately being in Japan working through an old fashioned broker that feels like I am back in the 1990s I could only trade a few of these stocks – basically I was only able to trade RIG and IPI from this … and I am also frustrated by only having the most basic of ag commodity etfs available to me … but I have done my best to take what I have learned from you and apply it where I can … I have been able to find set ups in the Japan market, even in oversold household names (with divergent lows) like Canon and Mitsubishi, bank, clothing, food and utility stocks that have returned 20-70% for me since the November whipsaw fake out sell-off … a number of the Japanese sectors have broken out above their downtrend lines from 2018 highs mostly … it just makes me wonder if you might take a little time to look at the boring big names once in awhile, USA of course … I am only thinking that at the same time as this November video I was looking at the Dow 30 stocks and noticed that the only non-energy one of those that was set up in an oversold but divergent low bullish wedge posture was Walgreens and sure enough it had a nice 50% run up (despite terrible earnings) … selfishly I wish some of the boring old names would show up more if only to check in on them, but maybe that would be something you would address in the trading room if asked so it is my fault for only being silver (but I am sleeping here during the US trading sessions and I am limited in the US stocks I can trade and how I can buy them and if I went gold I would just bug you with my Japanese stock sector charting) … it also surprises me that people have already forgotten that the Sept 2019 – Feb 2020 rally gains were gone in about 5 days and worse for me if I had been long was that a lot of the Japanese index etfs were completely locked up couldn’t get in or out during the crash … anyway I was thinking of your comment about how now resembles the year 2000 and I have had this long term SPX chart in the back of my mind for the last year or more … but it is a monthly chart which is not the kind of chart often thought about … I can’t seem to get trading view to replicate your ppo so I just use the normal MACD for the second indicator but the rsi divergences are massive from the 2018 peak and the normal run of the mill MACD is record overbought …

There are always people who missed the move and willing to buy at the top, the last spike higher is not completely out of cards. There is also 36% short interest.

Good to know, thanks for sharing. The rally in global equities could continue for quite a while but based on current valuations & the many yellow/red flags in the market, not a bad time to start moving out of growth stocks & into cash and/or value & defensive stocks/sectors.

@rsOtc agree 101% that this market is crazy and risk of downside is far more than potential upside.

However, we have to trade the market that we have – so perhaps you may want to consider a change in trades you are looking for and consider short term swing trades or scalps. The Market is already up 20%-ish since November and all we have had here is limited upside and risk of reversal is big videos! For all we know, it can certainly go up some more with more stimulus from DC for next few months and we could all benefit from some quick scalps while we await the inevitable correction…

Hey Randy, maybe you can give us stock trade ideas as a link to a snapshot of a chart with your levels to watch after talking about it in a video. It would make it easier to access because they are clearly golden.

$6 was a nice target, I thought $4.75 was the more likely number and got out of part of my trade there. I really like $10 target. Going to let the rest ride a little longer tomorrow, I will keep a tight stop on it. But I wonder who is left to buy after 19 million trades today?