OUST is making a strong

Posted by mastermind on 17th of May 2024 at 11:23 am

OUST is making a strong move after pulling back to the 9 EMA from its post earnings jump. Interestingly, LIDR, which seems to be in the same business, is pulling back toward its 9 EMA after its recent surge. 

Looks like a fun one. Fundamentals aren't terrible like some meme stocks. I'll play a small piece to kill the rally. 

In the "A" stock area,

Posted by mastermind on 17th of May 2024 at 11:16 am

In the "A" stock area, two stocks hitting new highs today were ASPI and ABIO, though ABIO faded. Don't check the fundamentals on these guys. Another one not hitting highs yet, but breaking out of a recent consolidation is ABUS. 

remember the BPGDM updates intra day now, you can always  check it anytime. No changes - just pull up the URL from a past trading community post or newsletter

also you have to think about how those trending systems work: They are going to do very well catching wave 3 trending moves, but could have a propensity to get some chop on wave 2's and 4's where they may not react fast enough or on noise.

the system caught a massive wave 3, and that reversal signal on was triggered by a wave 4.  My guess would be that if it goes back long here it will be sometime in the wave 5 - which also puts it at risk to not make much or be another whipsaw if wave 5 doesn't trend for a while. 

also keep in mind that GDX's biggest weighting is NEM, which hasn't been as strong as the others - the strongest have been the silver stocks 

FFIE meme name - running

Posted by steve on 17th of May 2024 at 11:05 am

FFIE meme name - running some way behind today so missed

I wonder how the $BPGDM system will react to today's move

DUO today's runner

Posted by steve on 17th of May 2024 at 11:01 am

DUO today's runner

SPX 10m

Posted by mla127 on 17th of May 2024 at 10:59 am

SPX 10m

GDX KISS should be a new STS today

Posted by matt on 17th of May 2024 at 10:56 am

hella move in the metals and stocks

OPEX notorious day for pin/chop

Posted by steve on 17th of May 2024 at 10:54 am

OPEX notorious day for pin/chop action - focus has been on some individual names for trade.   

Chinese names still climbing 

Posted by steve on 17th of May 2024 at 10:51 am

Chinese names still climbing 

JMIA some flow - got

Posted by steve on 17th of May 2024 at 10:44 am

JMIA some flow - got alert earlier but needed to reboot 

Nice, I'm in a bit

CCJ Updated

Posted by foody518 on 17th of May 2024 at 10:41 am

Nice, I'm in a bit of URA, would love to see it push to at least 36.5 ish

  

HIMS Updated

Posted by morton7 on 17th of May 2024 at 10:38 am

  

HIMS Updated

Posted by steve on 17th of May 2024 at 10:36 am

HIMS - Chart Link - you guys loading up for the weekend 

MSTR hit my second target

Posted by steve on 17th of May 2024 at 10:35 am

MSTR hit my second target $1560

KR coming down today. How would you interpret yesterday's volume? 2x the recent avg on a day that was barely green. Hiding some larger selling?

CCJ Updated

Posted by steve on 17th of May 2024 at 10:30 am

Matt, would it be possible

Posted by bulf6285 on 17th of May 2024 at 10:28 am

Matt, would it be possible to drop PDCO into a Kiss chart? Curious to see how it looks on daily and weekly if possible.

Thanks 


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