QChartist is a free technical analysis software.
Hello,
i admit that i did enter a bit too early in the ACAT swing trade but i am still in ; waiting for the major reversal which is really coming now.
I still have for you nice and relevant fresh screenshots to confirm my thoughts. I hope you will enjoy this thread.
ACAT weekly chart with planet scale jupiter. In my previous post, i already used this indicator in the opposite direction, but there were no impact. Now i really think that the price should not go under this current green jupiter line. It is likely to bounce on this line.
This ACAT weekly chart with logarithmic scale really confirm the idea of a major rebound and reversal. The 20 horizontal log line is also a very strong support. We can see that the price is stuck at this line.
ACAT weekly chart with ATR channels. This indicator is not bad to gauge exhaustions. The price is at the bottom of the enveloppe. This shows that ACAT is in an oversold configuration.
ACAT weekly chart with fibo MA channels. This indicator strenghten the idea that the configuration is indisputably oversold.
To finish, i think that ACAT will go up from now. When the price will get closer to the horizontal log line 30, i will have two possibilities: either sell the whole thing, or put a stop loss at breakeven.
This analysis was made using QChartist charting software. I develop this software since 2010. More info and downloads at http://www.qchartist.net
Just my 2 cents.
Happy trading to all of you.
i admit that i did enter a bit too early in the ACAT swing trade but i am still in ; waiting for the major reversal which is really coming now.
I still have for you nice and relevant fresh screenshots to confirm my thoughts. I hope you will enjoy this thread.
ACAT weekly chart with planet scale jupiter. In my previous post, i already used this indicator in the opposite direction, but there were no impact. Now i really think that the price should not go under this current green jupiter line. It is likely to bounce on this line.
This ACAT weekly chart with logarithmic scale really confirm the idea of a major rebound and reversal. The 20 horizontal log line is also a very strong support. We can see that the price is stuck at this line.
ACAT weekly chart with ATR channels. This indicator is not bad to gauge exhaustions. The price is at the bottom of the enveloppe. This shows that ACAT is in an oversold configuration.
ACAT weekly chart with fibo MA channels. This indicator strenghten the idea that the configuration is indisputably oversold.
To finish, i think that ACAT will go up from now. When the price will get closer to the horizontal log line 30, i will have two possibilities: either sell the whole thing, or put a stop loss at breakeven.
This analysis was made using QChartist charting software. I develop this software since 2010. More info and downloads at http://www.qchartist.net
Just my 2 cents.
Happy trading to all of you.
QChartist is a free technical analysis software.
- #3
- Last Post: Dec 16, 2015 9:09am Dec 16, 2015 9:09am
- | Commercial User | Joined Dec 2014 | 20 Posts
Hello, what i have said till now is a bit inexact sorry, because the price has broken the support that i was thinking strong enough ; but i think that my analysis is still valid for the long term.
As you may know, technical objects work much better on long timeframes than on short ones.
Andrew's Pitchforks work much better on monthly timeframe and more.
Luckily, the price is very close to a long term pitchfork on this monthly chart :
I think that a retracement will occur in the coming months. I keep my position and wait patiently for a rebound in a few months.
Good luck in your trading.
As you may know, technical objects work much better on long timeframes than on short ones.
Andrew's Pitchforks work much better on monthly timeframe and more.
Luckily, the price is very close to a long term pitchfork on this monthly chart :
I think that a retracement will occur in the coming months. I keep my position and wait patiently for a rebound in a few months.
Good luck in your trading.
QChartist is a free technical analysis software.