NOTE! Low volume stock
I entered CPSH this morning on pocket change (under $100). I interpret my chart setup to indicate the stock will be moving up. I typically wait for the DPO to make its first move up of its low. as noted below However, what I have found in past moves is, when the StockRSI "D" halts early and turns horizontal instead of going to 0.00 like the "K" line, it often indicates a firm reversal followed by a longer trend up. Not always but enough that I feel comfortable entering early when not all of my entry confirmations are in place (risk on). No guarantees it will move up at all.
My chart Indicator Settings:
Renko chart style. I set mine at 26 to play the longer trends but dropped it to 20 today (not much additional price action chatter shows up, which is what I want to avoid).
SMAs = 2,4,6,8, 18 (was set at 33 but dropped it to 18 for a bit more accuracy)
StochRSI = k=2, D=3, RSI Length = 1, Stochastic Length =2
DPO = Length of 1 with "Gaps" selected, "Centered" selected
My heads up that a reversal is approaching is:
1) SMA's 2,4, 6 have changed color
2) StochRSI is at 0
3) DPO is at a low
4) Renko had changed color (often the "projection" block which is a feature and color setting)
My entry is based on multi confirmations:
1) Renko has changed color
2) StochRSI has come off of 0 to 30.00
3) DPO has made its first move off its low.
4) SMA 2 has crossed 4, 6 even better 8 which means a more aggressive price action.
Disclaimer: I have a small holding value in this stock, as of this post i.e. under $100.
I entered CPSH this morning on pocket change (under $100). I interpret my chart setup to indicate the stock will be moving up. I typically wait for the DPO to make its first move up of its low. as noted below However, what I have found in past moves is, when the StockRSI "D" halts early and turns horizontal instead of going to 0.00 like the "K" line, it often indicates a firm reversal followed by a longer trend up. Not always but enough that I feel comfortable entering early when not all of my entry confirmations are in place (risk on). No guarantees it will move up at all.
My chart Indicator Settings:
Renko chart style. I set mine at 26 to play the longer trends but dropped it to 20 today (not much additional price action chatter shows up, which is what I want to avoid).
SMAs = 2,4,6,8, 18 (was set at 33 but dropped it to 18 for a bit more accuracy)
StochRSI = k=2, D=3, RSI Length = 1, Stochastic Length =2
DPO = Length of 1 with "Gaps" selected, "Centered" selected
My heads up that a reversal is approaching is:
1) SMA's 2,4, 6 have changed color
2) StochRSI is at 0
3) DPO is at a low
4) Renko had changed color (often the "projection" block which is a feature and color setting)
My entry is based on multi confirmations:
1) Renko has changed color
2) StochRSI has come off of 0 to 30.00
3) DPO has made its first move off its low.
4) SMA 2 has crossed 4, 6 even better 8 which means a more aggressive price action.
Disclaimer: I have a small holding value in this stock, as of this post i.e. under $100.
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.