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How to Identify the Best Stocks - This is a great video of getting in early on weekly charts. youtu.be/9fHLRC7zseY?si=qAtn… via @YouTube
This was re: $PLTR breakout last Friday. SA situational awareness as taught by @PradeepBonde is so important to know what kind of environment we are in.
xitter.cf/PriceActionCat/status/…
Replying to @FranVezz
Here's my chart layout for thinkorswim $PLTR 2 32" screens - 1 with my watchlists and 4 grids with Monthly, Weekly, 3 mo. Daily and 65 minute. On my right is 15 min, 30, min, 5 min, and 10 minute $SPY For intraday trades I rely most on the 15 minute for sideways or pullback setups, rarely taking any trades in the 1st 15 minutes.
On the right side intraday charts I have the prior day HLC automatically placed on using a script I found online and a 9 EMA on the 5 minute.
$LITE I like this holding above the breakout pivot of the 4 month base.
"Affordable" makeup co. $ELF has my interest - coming up the right side of a very deep W, first trip to the 10 week SMA after a 3 month climb.
$MSTR Weekly Undercut and Rally of the inside prior week created a buy at $127 and a stop at the present week low of $123. so much less noise using the weekly. Strong volume up weeks and a higher low + above the 10 week. But the big factor was the group move today.
Continuing recent trend of more stocks down 4% than up 4% from @PradeepBonde Market Monitor.
$COIN @OliverKell_ Cycle Of Price Action as applied to the weekly timeframe. I came across my past daily chart markup of COIN while going through weekly charts and it applies just as well. I have the 5 EMA in yellow and the 10 SMA in gray shown.
Interesting to see @PradeepBonde Market Monitor Thursday's +4% gainers weaker than I thought would be. The previous day's were better.
$FROG Stopped on raised stop at breakeven - broke the 30 minute candle low, no persistent buying this day 2 pullback.
$AFRM Not a bad looking daily chart VCP type structure, but market just isn't enthusiastic about it so far.
$PURR fizzling, may be better to wait for sideways action after strong move up. Will prob take a small loss on it the way it is weakening.
Price Action Cat retweeted
I looove this suggestion by @brucelee of how to think of the past, present and future.















