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TA Challenge: Chart to find breakdown stocks
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Recently, the top holdings of the S&P 500 have encountered more fresh lows than highs. Several tech stocks even break the support levels. Support and resistance are two basic concepts in technical analysis, which can help traders gain insights into the strength of a price trend. A stock breakdown is a breakout to the downside. In this challenge, you can try to chart to find breakdown stocks. Let's get started!
Recently, the top holdings of the S&P 500 have encountered more fresh lows than highs. Several tech stocks even break the support levels. Support and resistance are two basic concepts in technical analysis, which can help traders gain insights into the strength of a price trend. A stock breakdown is a breakout to the downside. In this challenge, you can try to chart to find breakdown stocks. Let's get started!
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TA Challenge Special: Can you solve the trading clues?
Technical analysis is often adopted to explore trading opportunities by focusing on the study of price and volume, which helps us "read" the market sentiment. After NINE sessions of the TA Challenge, we have finally arrived at the Trading Clue Challenge!
Are you ready? Winners will stand a chance to get 10,000 points!
The First Clue
This indicator is composed of three lines, which visualize volatility and help traders identify whether the pr...
Are you ready? Winners will stand a chance to get 10,000 points!
The First Clue
This indicator is composed of three lines, which visualize volatility and help traders identify whether the pr...
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TA Challenge: How to draw support levels like a pro?
Support and resistance are two basic concepts in technical analysis, which can help traders gain insights into the strength of a price trend. Through this challenge, you can get to know the support level and the myth behind it.
A support level is a price below which a stock doesn't tend to fall over a given period. Do you know how to plot it?
Think of the support level as a straight line connecting two or more low points. Use a single line w...
A support level is a price below which a stock doesn't tend to fall over a given period. Do you know how to plot it?
Think of the support level as a straight line connecting two or more low points. Use a single line w...
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TA Challenge: Chart to find breakdown stocks
From September till now, the $S&P 500 index(.SPX.US$ has already tested the 3900 level twice. This level has recently developed into a flashpoint between bulls and bears. It served as a support in mid-May and restrained gains in June and July.
Have you found the S&P 500 top holdings that encountered more fresh lows than highs? Some tech stocks even break the support levels.
$Alphabet-A(GOOGL.US$ hit a fresh low in May and has been hovering around tha...
Have you found the S&P 500 top holdings that encountered more fresh lows than highs? Some tech stocks even break the support levels.
$Alphabet-A(GOOGL.US$ hit a fresh low in May and has been hovering around tha...
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Using Technical Support Levels to Predict Future Price Action
There are many investors who call themselves technical traders. And the first thing a technical trader learns is where to find support levels. These are areas where there is a high likelihood of potential buyers stepping in to "support" or keep the price from falling lower. Support zones are also refered to as demand zones. It is not easy to find support zones on all ticker symbols but some tickers form very clear trends with obvious t...
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And profitableCongratulations to mooers @SpyderCall@bullrider_21@doctorpot1@anchovy3@steady Pom pipi@阿姚朋友 who have published high-quality content with indicators and charts on this topic. You will receive a reward of $5 Stock Cash Coupon. Thanks for your excellent performance at this event!
Congratulations to mooers @Milk The Cow@Cow Moo-ney@Asphen@snoopy123@winblessing@103047546@Buffdan1for winning 88 points.
All of your posts and comments are appreciated! Thank you so much for joining the "TA Cha...
Congratulations to mooers @Milk The Cow@Cow Moo-ney@Asphen@snoopy123@winblessing@103047546@Buffdan1for winning 88 points.
All of your posts and comments are appreciated! Thank you so much for joining the "TA Cha...
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TA Challenge: Chart to find breakdown stocks
A support is the price level where a stock is likely to rebound. A strong or major support is the price level where a stock tested several times and rebounded. Conversely, a weak or minor support is the price level where a stock tested a few times and may rebound or breakdown. So what should you do when a stock breaks down? This is discussed below.
FedEx
The figure above shows the chart of $FedEx(FDX.US$. In Sep 2022, FedEx reported a 20% yoy drop in ...
FedEx
The figure above shows the chart of $FedEx(FDX.US$. In Sep 2022, FedEx reported a 20% yoy drop in ...
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Chart to find breakdown stocks - TA Challenge 🤨
$Adobe(ADBE.US$
I think this is the best example chart I found for a breakdown
. The breakdown is likely due to Adobe buying a not so beneficial company?
$Coca-Cola(KO.US$
Coca-Cola took a smaller breakdown than Adobe. Welp, it's one of Warren Buffett stock, so it's actually quite stable.
$SPDR S&P 500 ETF(SPY.US$
L1 shows a 2nd breakdown in the latest fall.
L2 is somewhere near a new level breakdown but look like not going to happen anytime soo...
I think this is the best example chart I found for a breakdown
. The breakdown is likely due to Adobe buying a not so beneficial company?$Coca-Cola(KO.US$
Coca-Cola took a smaller breakdown than Adobe. Welp, it's one of Warren Buffett stock, so it's actually quite stable.
$SPDR S&P 500 ETF(SPY.US$
L1 shows a 2nd breakdown in the latest fall.
L2 is somewhere near a new level breakdown but look like not going to happen anytime soo...
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= usually after a big breakdown, the stock may rebounce strongly...
Support line from June’s low (TSLA)
Check out the bottom support trendline that stretches from June’s low till today. Bulls defended this line over the last two days and currently Tesla is sitting slightly above it.
If bulls can continue to defend it, or even bring it up, do expect huge resistance at around 254
If that support trendline broke, my view is that we could waterfall down to around June’s low. Not financial advice
$Tesla(TSLA.US$
If bulls can continue to defend it, or even bring it up, do expect huge resistance at around 254
If that support trendline broke, my view is that we could waterfall down to around June’s low. Not financial advice
$Tesla(TSLA.US$
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Drawing TA lines on Twitter saga
Trying out drawing support and resistance line for $Twitter (Delisted)(TWTR.US$ in this TA challenge. Twitter is a little bit different as there is a buyout offer which Elon backed out of and is pending a lawsuit. So there will probably be multiple support and resistance depending on what the market think is the likelihood of the deal to go through.
So the easiest support and resistance line is the bottom and the cap of the price. Since the offer is at $54.20 per share so t...
So the easiest support and resistance line is the bottom and the cap of the price. Since the offer is at $54.20 per share so t...
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Dynamic resistance - 200 MA
Other than a straight support or resistance level, there are also dynamic ones.
Here is an example:
Tesla tested the 200 Moving Average (resistance) on 4 occasions, tried to stay above it, but went back down.
In short, Tesla broke down from 300 ish to 250 now
$Tesla(TSLA.US$
Here is an example:
Tesla tested the 200 Moving Average (resistance) on 4 occasions, tried to stay above it, but went back down.
In short, Tesla broke down from 300 ish to 250 now
$Tesla(TSLA.US$
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