A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we are focusing on the continued bloodbath in the broad markets and if there is any relief on the horizon. We will take a look at last weekend’s charts and compare after this week’s price action.
Over the summer, we started actively posting charts on StockTwits that we thought were interesting from our platform. As with anything, nothing is close to being 100% in the markets and all traders should do their due diligence before trading anything. For that reason, the point of this post is to not have traders blindly follow us on social media but to understand some of the logic that was behind our reasoning for the post and direction we thought the stock may go. There are plenty of charts that did not go as our post expected but for this particular blog, we focus on explaining the logic for these correct moves. Below are some timestamps we have captured over the last few months!
We were lucky enough to catch this progression of HTGM over just a couple days! Watch this 3 chart series of HTGM breaking out of a symmetrical wedge and then moving to the next level of resistance identified by the TrendSpider platform. The beauty of this is that not one trendline was drawn manually!
At TrendSpider, we work hard to make sure everything about our automated analysis is transparent to our customers. One of the ways we do this is through our newly released “Truth in Analysis” Line, which was previously informally known as the “Honesty” Line. This line will show that our analysis is always truthful with a time stamp when it was last performed.