15th May 2020 - Who you gonna trust?!

Pattern Name	Expectation	Reference
Bearish Engulfing	Down	https://www.marketwatch.com/story/bearish-engulfing-patterns-in-big-tech-stocks-and-indexes-raise-caution-flags-on-wall-street-2020-05-13?mod=home-page

My thought on this Pattern Study

• This site from MarketWatch is worth a read.
• Several interesting charts in there.

Intraday Chart

13th May 2020 - Do you think HiLTon can be cheaper than Hyatt?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Reference
		$68.44 13th May 2020			page 111

Reason to Short

• Same for ticker "H", I have been watching it for several days. The best day to short it was yesterday.

Lesson Learnt:

• The same mistake I made, my short setting was way too high yesterday.
• This stock has broken the trend line since yesterday.
• Same as ticker "H", this is another Rising Wedge Pattern.

Intraday Chart

Historical Chart

13th May 2020 - I never like the room price tag of Hyatt Hotel

Buy $	Sell $	Short $	Cover $	Stop Loss $	Reference
		$49.23 13th May 2020			page 111

Reason to Short

• I have been watching it for a few days. I can't resist to short it anymore.

Lesson Learnt:

• It has broken the trend line.
• I was supposed to short it yesterday, but my Short setup line was too high.
• It is showing the classic rising wedge pattern.

Intraday Chart

Historical Chart

11th May 2020 - My hometown is BaTU.

Pattern Name	Expectation	Reference
柳暗花明 扭转乾绅 将死不死	Long	Page: 43, 63, 94

My thought on this Pattern Study

• Three patterns at once, believe it or not.

Intraday Chart

Historical Chart

9th May 2020 - Elliot Wave or Idiot Wave (a wave to catch idiots)

Pattern Name	Expectation	Reference
Elliot Wave	A downturn after "b" wave	Page 208

My thought on this Pattern Study

• Should this be the famous Elliot Wave Theorem? I hope I am right.
• The "b" wave is very stubborn.
• Remember, whether it is Elliot Wave or not is not important. Believe what you see in front of you.

Daily Chart

Historical Chart

4th May 2020 - Does NATIonal Instrument measure Gravity?

Pattern Name	Expectation	Reference
Triangle Top	Down	Page: 105

  

My thought on this Pattern Study

• The pattern followed the Triangle Top and as described in page 105, the next direction should be down.
• After crashing down, the stock went all the way up and penetrated the ceiling resistance line. However, it was a failed breakout and the stock went back down below the resistance price line.
• Should be a good candidate for short.

Intraday Chart

Historical Chart

3rd May 2020 - I am going for a cheap StarBUX coffee

Pattern Study

• Starbuck coffee might be on sale soon.

Lesson Learnt:

• Nice long term pennant formation up to the resistance trend line.
• This could be an opportunity for a nice cheap Starbuck coffee.

Intraday Chart

Historical Chart

3rd May 2020 - Is "IBM" stands for "In Breaking Motion"?

Reason to Watch

• Miss the nice chance to short.

Lesson Learnt:

• Hopefully have time and chance to bite it on Monday.
• It is quite a long term pennant formation after dropping out of long trading range.
• According to "Getting Started in Technical Analysis" by Jack D. Schwager around page 93, the next direction should be the same as the previous one and this one should be strong.

Intraday Chart

Historical Chart

3rd May 2020 - "A" grade ain't mean you are good.

Reason to Watch

• So many chances to short, but all missed!

Lesson Learnt:

• There are so many chances to short for Agilent.
• Here comes another one. Let's see whether I have the time and chance to bite it.

Intraday Chart

Historical Chart

5th Feb 2020 - Riding the model 3 for evening star watch

Reason to Watch

• Simply because I missed out the Golden Egg opportunity.

Lesson Learnt:

• Such a big price to pay for not doing my homework in stock market. Everyday tight up with so many other works.
• A very interesting "Evening Star" formation.

Intraday Chart

Historical Chart

4th Feb 2020 - It slips through 财神爷's microscope.

Reason to Watch

• My 财神爷 friend ask me to take a look at this ticker. He was surprised why this stock can go so high. Haha….  Do you think I really know?!     ;-)

Lesson Learnt:

• After so many lessons last time, I think we should be able to wait for it to come to the trend line. Furthermore, market is hit hard by the Coronavirus.
• IAC will post its fourth-quarter 2019 results and publish a letter to shareholders on February 5.

Intraday Chart

Historical Chart

1st Feb 2020 - You just have to love Gold.

Reason to Watch

• Market looks like shifting, either it is because of the Coronavirus or whatsoever.
• It is a beautiful chart.

Lesson Learnt:

• Missed the chance to top up investment.

Intraday Chart

Historical Chart

20th Jan 2020 - Don't mess with Africa.

Reason to Watch

• Very beautiful technical chart.

Lesson Learnt:

•  Have tried to set a price to catch it, but failed.
• This is related to Africa, play with your own risk!

Intraday Chart

Historical Chart

1st Jan 2020 - Chinese New Year KEYS Sales !!!

Lesson Learnt:

• There are so many warning points warning for SELL. Don't blame the market for not telling you.

Intraday Chart

Historical Chart

17th July 2012 – The sun is again rising in Canada.

Ticker:

 

1. CSIQ

 

Topic:

 

1. Breaking 4 months long resistance price line.

 

Lesson Learnt:

 

1. Daily chart shows that price finally make it through the resistance line of $3.80. Price also continue to stay above all MA lines.
2. Volume is coming in.
3. Weekly chart shows that price has managed to sit on top of weekly 20MA line and now get on top of weekly 50MA line.
4. All secondary indicators at the weekly chart is indicating of more upward movement is yet to come.

 

Intraday Chart

Historical Chart