Slope of Hope Blog Posts
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To balance things out a bit, here are a couple of chart types I'm seeing on the long side. One is the classic cup with handle pattern:
Whereas another is the kind of stock hammering out a series of higher lows:
I'm going through all my stock charts on a nightly basis these days, and I'm still seeing about twice as many enticing short positions as long positions.
As the major indices going through the consolidation phase, there are not that much to be updated, so I decided to go over my favorite stocks.
As AAPL recently joined BIDU in the uncharted territory, I was trying to figure out how high they could go. As I was watcing these two stocks, they have a very similar chart pattern.
Although it's lagging, GOOG seems to have a similar chart pattern, but much weaker. If it takes the same path, GOOG could go much higher from here.
Here is another look of BIDU. Whenever you see a big candle supported by a big volume, it tends to repeat the equal price movements for whichever it breaks out.
Consolidaiton phase. I'm expecting chops and whip-saw. If you are trading this market, please be careful.
Broke below the rectanglar pattern, and retraced to the breakout point on Friday.