Stock Market Discussion

[sixstringer]

S&P sniffing ATH lessss gooooo!

[bubbie]

Thought this was interesting:



Is there a storm in the forecast?



lol.

[Codeblue]

With how fickle the market is, it's a bit surprising dat announcement alone didn't crash it.

[bubbie]

^ Yes and no. We will see what happens next week. By the looks of it, the guy Is setting up for Q4, at the earliest, IMO; likely even next year, me thinks. Regardless, I don’t see it as anything other than bad news. But I have been wrong many times before, lol. The fact that they are dumping banks is concerning though. This is a firm that historically looks far beyond many others and has been far more successful than most. We shall see.

[bubbie]

Bought and sold some CLSK yesterday and bought some again today at the low. I bought some of it back in April too, but sold sometime in May. Really should have held on and sell yesterday, lol.

CLSK has picked up some steam today (and a bit yesterday). Wonder if it’s time to sell and dive back in again tomorrow or just ride it out.

[bubbie]

^ Definitely should have followed through, but greed... I set the limit at $14 yesterday and it peaked at $13.98, I believe (or $13.92?), before closing at $13.50 or something. Rolled back to as low as $11.75 today, but bounced back a bit (currently $12.17).

[cktbreaker]

CLSK is at some strong resistance at 14 which is the swing low candle body of the all time high from nov 2018, last week and this week (so far) both had strong rejects at 14ish. I would guess down from here, test a level lower. But my next level up on NQ is about 11700 so could drag CLSK with it a bit maybe get 15.10. Whatever it does 14 was a solid spot to take some profit. What's your avg buy in at now?

[bubbie]

CLSK is at some strong resistance at 14 which is the swing low candle body of the all time high from nov 2018, last week and this week (so far) both had strong rejects at 14ish. I would guess down from here, test a level lower. But my next level up on NQ is about 11700 so could drag CLSK with it a bit maybe get 15.10. Whatever it does 14 was a solid spot to take some profit. What's your avg buy in at now?

Average is $10.51.

[cktbreaker]

This is my thought on CLSK. This is daily chart, held at that 11.18 swing low. There is support at 10.30, with a avg at 10.51 I'm not sure where I would put a stop on that, well I guess just below 10.30. If it fails here, the pink circle looks good to me for a retest.

I bought some GILD @ 64.50ish on Friday premarket, see how it goes.

SPCE (virgin galactic holdings) is in a very good long spot. Although I didn't take a position. (daily chart)

[bubbie]

^ We will see what happens. CLSK is “stuck” at around $12.15-ish, dropping down every day but then rolling right back before close.

Also bought some MDWD at $3.4. Should have sold when it went over $4.4 a few days ago and bought back in, but I was sure the run would continue.

Mediwound is rolling today after quite a dip in the last few days.



It’s a solid stock and should be priced higher, IMO. But market seems to think otherwise, lol.

Edit: peaked at $4.34 so far before rolling back. Set the limit at $4.50 just in case, lol.

[cktbreaker]

monthly

daily


MDWD on the monthly looks like trash lower lows and lower highs, but on daily chart it has gained a level at 2.90.
I put a buy in at 3.56 with a stop at 2.90ish. It's a 3:1 reward ratio if it gets to 5.52, so that's cool. It prob fails and I get stopped out, will see. How I trade this is take 50% off at the .5 another 25% at .75 move my stop to 3.56, if it hits 1 take 15% and leave a 10% runner and move stop to .5. Thanks for pointing this one out.

[mobius006]

^ Definitely should have followed through, but greed... I set the limit at $14 yesterday and it peaked at $13.98, I believe (or $13.92?), before closing at $13.50 or something. Rolled back to as low as $11.75 today, but bounced back a bit (currently $12.17).

Gotta treat things like an ebay listing you want to move. 13.94.

That .99 or .00 scares people.

[bubbie]

^ lol.

[bubbie]

This is my thought on CLSK. This is daily chart, held at that 11.18 swing low. There is support at 10.30, with a avg at 10.51 I'm not sure where I would put a stop on that, well I guess just below 10.30. If it fails here, the pink circle looks good to me for a retest.

You were onto something, lol. Tanking today.

Edit at the end of the day: settled at $10.



The volume was about 20% below average though.

[bubbie]

^ More down today. Only about 60% of the average volume though.