Comments on: Swing Trade Ideas & Market Analysis 4-12-22

By: rsotc

rsotc — Wed, 13 Apr 2022 14:35:46 +0000

In reply to Options. FULC chart looks FUGLY & volatility is a trader's best friend. I don't see a very objective entry at this time but worth keeping this fast mover on the radar for a potential entry. Thx for sharing.

By: Options

Options — Wed, 13 Apr 2022 00:30:59 +0000

(off topic) Thought I’d share this chart of FULC for anyone looking for volatility

By: trade0039

trade0039 — Wed, 13 Apr 2022 00:02:20 +0000

In reply to rsotc. Thank you very much! FYI the Divergence was on Hourly TF.

By: rsotc

rsotc — Tue, 12 Apr 2022 21:10:55 +0000

In reply to trade0039. Here's my daily chart of WM with a rising wedge pattern. Don't quite have divergence as both the PPO & RSI recently made higher highs (instead of a lower high) but both are rolling over from high/overbought levels. WM close slightly below the TL so if it can follow thru this week with a solid close below today's lows, that should do the trick. I've marked a few initial targets although I should have added a 4th target around that previous reaction low around 139. Best of luck on the trade & thx for sharing!

By: trade0039

trade0039 — Tue, 12 Apr 2022 18:48:48 +0000

In reply to trade0039. Here is the Chart Below for WM on 1 HR TF...

By: trade0039

trade0039 — Tue, 12 Apr 2022 18:46:41 +0000

Hello Randy! I am short on most indices and just shorted today on WM. I am seeing negative divergence on most time frames in both RSI and PPO and it seems it broke the trendline in 1 HR as well. Can you please provide your thoughts??? Ty John!