Comments on: Technical Analysis & Trade Ideas 3-22-24

By: rsotc

rsotc — Mon, 25 Mar 2024 19:59:56 +0000

In reply to Beljrc. Glad you asked. WEAT will offer an objective long entry on a solid break above this downtrend line and/or the 5.50ish resistance just above it. Daily chart below.

By: Beljrc

Beljrc — Mon, 25 Mar 2024 15:23:35 +0000

Hey Randy, would you mind having a look at weat today?
Thanks

By: @GEOTRDR

@GEOTRDR — Mon, 25 Mar 2024 15:13:02 +0000

In reply to @GEOTRDR. Never mind, I see my mistake :) Good call Friday...

By: @GEOTRDR

@GEOTRDR — Mon, 25 Mar 2024 12:56:58 +0000

THink were getting a bounce from this support level this am?

By: william9in

william9in — Sat, 23 Mar 2024 22:58:59 +0000

In reply to Jeff Vandenburgh. Trend lines are totally subjective rendering it useless. What really matters is the price and volume.

By: Jeff Vandenburgh

Jeff Vandenburgh — Sat, 23 Mar 2024 07:26:30 +0000

In reply to william9in. It all depends on how you draw your trendlines, don’t it William? By the look of that thick lavender moving average, the uptrend looks very much in tact.

By: william9in

william9in — Sat, 23 Mar 2024 01:17:31 +0000

Yup, looks weak.

By: LanLord

LanLord — Fri, 22 Mar 2024 21:41:40 +0000

I think I’m starting to understand your trading style a little better. Commodities, metals and euro give me a better idea of the longer term direction your thinking.
I appreciate the analysis especially on long targets to look for.

By: @GEOTRDR

@GEOTRDR — Fri, 22 Mar 2024 20:20:31 +0000

Went long with QQQ calls…..

By: rsotc

rsotc — Fri, 22 Mar 2024 19:03:29 +0000

Correction, meant to say almost finished with the first quarter, not a few weeks into Q2.