Years ago, back in the good old days, my typical blog post was a bunch of charts with reasonably constructive patterns.
I’ve gotten away from that recently, but decided to do one of those posts again just for the hell of it. Finding setups like these is what I’m doing most days when I’m not screwing around on Twitter.
Here are some ideas on my radar and some stocks I’m following. They may or may not be good ideas – mostly depending on what the market does from here.
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You’ll notice I’m using the 9-ema on these charts for a clean look. That’s one of my favorite moving averages to use to find stocks that are potentially setting up for an “up-cycle”.
If a stock has been trading / closing primarily below the 9-ema and then moves / closes back over it, there’s typically a pivot low (good place to set a stop) and a chance it’s starting an up-swing.
Of course there’s a bit more to it than that but I won’t get into it here. Timeframe is everything and of course market conditions.
I could have easily posted another dozen but it’s quite a bit of work. That’s why I got away from these type of posts years back.
I was just waxing nostalgic today for some reason.