GBA Presents: House of Gummy-!

stonedinvestor said:
Van on AJG you have a bad chart and SMAR a good chart. There is a big difference.

On COIN I told you not to buy before it dropped $14. No thank you then I gave you a bvuy at $72 $7 better than your entry Again no thank you and I taught you how to use VWAP.

Am I a nice guy or what?

BUY SMARTSHEET
More...

stonedinvestor said:
AJG terrible chart Vz a break of $220 makes it a short// We can do alot better!!!

AJG Arthur J. Gallagher & Co.

$221.96-2.63(-1.17%)2:12 PM 12/20/23
More...

AJG---> $226 :wtf:

stonedinvestor said:
GBA LONG Smartsheet Inc. (SMAR)
NYSE - Nasdaq Real Time Price.
48.22-0.20 (-0.41%)
More...


SMAR--> $46.90 :mad:
 
stonedinvestor said:
SMAR recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.

There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices.

This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.

Over the past four weeks, SMAR has gained 14.4%.
More...

Stoney!!!!

Hopefully you paid attention to my post below. Just as I have explained to you when to use VWAP and RSI reliably, an astute trader must always incorporate the finer nuances of any popular technical indicator. There is no "one size fits all", for if there was, everyone would win.

vanzandt said:
SMAR did have a golden cross on the 26th, but for this to be reliable, you need volume confirmation on both sides of the cross. It's not there on the daily.
More...

SMAR might be doing exactly what @shizo said, and starting a downtrend. I'm afraid you might have top-ticked it. Near term at least. It's already down 4% from your $48.22 entry.

You might want to consider not chasing these high flyer's for now, and perhaps pick up a few domestic energy plays. Follow the money Stoney. Pretty sure I've covered the importance of sector rotation once or twice with you. ;)
 
You must log in or register to reply here.
Back
Top