Share Picks 2021 - Thread banned users post #1

roosterman71 · 13-02-2021 03:18PM

What do people use for looking at stock charts where you can put on indicators as overlays, etc? Want to try learn about charts and look at patterns and how things react, etc, etc.

13-02-2021 03:27PM

roosterman71 wrote: »

What do people use for looking at stock charts where you can put on indicators as overlays, etc? Want to try learn about charts and look at patterns and how things react, etc, etc.

I don't get the reliance on charts such as cup and handle and golden cross. If you know a stock well you'll know it better than a short term MA crossing over a longer term MA indicator. If you don't know a stock well and relying simply on a golden cross it could just as easily catch you out.

roosterman71 · 13-02-2021 03:34PM

Deleted User wrote: »

I don't get the reliance on charts such as cup and handle and golden cross. If you know a stock well you'll know it better than a short term MA crossing over a longer term MA indicator. If you don't know a stock well and relying simply on a golden cross it could just as easily catch you out.

Didn't say I was relying on charts. Want to learn about them. Having knowledge on stuff can only be beneficial. You could see a patter forming, do some investigation into the stock and then make a decision. Can't harm to know more about anything, and it can't be a negative.

13-02-2021 03:38PM

roosterman71 wrote: »

Didn't say I was relying on charts. Want to learn about them. Having knowledge on stuff can only be beneficial. You could see a patter forming, do some investigation into the stock and then make a decision. Can't harm to know more about anything, and it can't be a negative.

You can look up a share in Yahoo Finance, then click on Charts you'll get indicators.

Supercell · 13-02-2021 04:08PM

When planning an entry into a stock its helpful to know some TA (technical analysis) to help you get the best possible price.
I find pennants (also known as bull flag, equal triangle) to be the most reliable price action indicator.
Other than that learn what an ascending and descending triangle patterns means,
In candle stick charts a double top is a really powerful one as can be hammers and bearish/bullish engulfing patterns.

Moving average, personally try and get in around the 50 MA though if its near the end of a pennant you may not get the chance, hot stocks can run hot far longer than is rational.
Cup and handle is another decent pattern, you also see people talking about head and shoulders patterns but in my experience that's not a very reliable indicator.

Option prices (max pain etc) can give you an idea of where the crowd thinks the price is going to move, but options are complex, dont touch them or use them until you have some decent TA knowledge under your belt.

If you are trading with the aim of holding for a long time horizon (years) , patterns and moving averages wont play such a big role, buy and hold is the safest way to invest (in good companies).

Investopedia has nice examples of all the stuff i mention above and there are many youtube videos out there, invest some time in yourself learning, it will make you a better trader.

Wottle · 13-02-2021 04:59PM

Supercell wrote: »

When planning an entry into a stock its helpful to know some TA (technical analysis) to help you get the best possible price.
I find pennants (also known as bull flag, equal triangle) to be the most reliable price action indicator.
Other than that learn what an ascending and descending triangle patterns means,
In candle stick charts a double top is a really powerful one as can be hammers and bearish/bullish engulfing patterns.

Moving average, personally try and get in around the 50 MA though if its near the end of a pennant you may not get the chance, hot stocks can run hot far longer than is rational.
Cup and handle is another decent pattern, you also see people talking about head and shoulders patterns but in my experience that's not a very reliable indicator.

Option prices (max pain etc) can give you an idea of where the crowd thinks the price is going to move, but options are complex, dont touch them or use them until you have some decent TA knowledge under your belt.

If you are trading with the aim of holding for a long time horizon (years) , patterns and moving averages wont play such a big role, buy and hold is the safest way to invest (in good companies).

Investopedia has nice examples of all the stuff i mention above and there are many youtube videos out there, invest some time in yourself learning, it will make you a better trader.

Is there anywhere for free to view the EMA & SMA?

Supercell · 13-02-2021 05:14PM

Wottle wrote: »

Is there anywhere for free to view the EMA & SMA?

Tradingview.com. Sign up for a free account,
brilliant charting site

Did you smash it · 13-02-2021 05:44PM

Did anyone make money or has plans or opinion on plays connected to the deregulation of gambling in the US? Still in its early stages as it will be legalized state by state.

I’m looking at Playtech.

One More Toy · 13-02-2021 05:49PM

Did you smash it wrote: »

Did anyone make money or has plans or opinion on plays connected to the deregulation of gambling in the US? Still in its early stages as it will be legalized state by state.

I’m looking at Playtech.

Yes, up 68% on DKNG

Dave1711 · 13-02-2021 09:10PM

Did you smash it wrote: »

Did anyone make money or has plans or opinion on plays connected to the deregulation of gambling in the US? Still in its early stages as it will be legalized state by state.

I’m looking at Playtech.

Yeah i bought into Draftkings at 25 dollars and again at 33.

Probably get it on Fanduel once it goes public too.

gudede · 13-02-2021 09:25PM

One More Toy wrote: »

Yes, up 68% on DKNG

I started a position on DKNG in January. Reminds me of paddypower back in the early 2000’s. also like that its a recognisable brand already in the states.

Treppen · 14-02-2021 01:37AM

roosterman71 wrote: »

What do people use for looking at stock charts where you can put on indicators as overlays, etc? Want to try learn about charts and look at patterns and how things react, etc, etc.

you want charts... The Chart Guys on YouTube

cc87 · 14-02-2021 11:43AM

roosterman71 wrote: »

What do people use for looking at stock charts where you can put on indicators as overlays, etc? Want to try learn about charts and look at patterns and how things react, etc, etc.

Doubtful that of all of these are useful but......

https://twitter.com/reddogt3/status/1360554176560967680?s=21

greenfield21 · 14-02-2021 11:55AM

Yeah and while your at it you may as well start following Dr parik Patel, Sen Eloise Williams and John wb Rich on Twitter for all the good following charts will do you. You'll probably get better advice out of them.

Banana Republic 1 · 14-02-2021 12:46PM

treatyman wrote: »

Hi, few things crossing my mind at the moment, Apple's next iOS release will have a popup for all apps regarding tracking your data.

https://stitcherads.com/blog/apple-privacy-preparation-guide/

Are Apple making it impossible for social media apps to track your data for advertising so that they themselves can hold all this information for themselves. Wouldn't surprise if they have something coming that will make their position in ad targeting stronger than anyone else.

On a different theme, WHOOP seem to be very popular, they are private at the moment but think their model is excellent. Wonder will they go public or is there a way to get involved with their investors on this?

Apple have a different MO than the other data mining crowds. There Cornering the privacy market.

Banana Republic 1 · 14-02-2021 12:47PM

kippy wrote: »

Are there people still buying iPhones?

Yes for privacy.

Did you smash it · 14-02-2021 01:08PM

Do people listen to Jim Cramer or is he a bit of a buy everything merchant? Only listened to one of his podcasts. Was plugging starpeak, dexcom and azek amongst many others.

kippy · 14-02-2021 04:34PM

Banana Republic 1 wrote: »

Yes for privacy.

I doubt the majority of people who buy iPhones do so for privacy reasons.

Supercell · 14-02-2021 05:19PM

On Tuesday I'm planning on taking a position in DPW depending on what BTC does by then, hoping it doesn't totally dump if/when it hits $50k (likely by Tuesday).
This is a EV and BTC play, so moves likely to be quite extreme.

Banana Republic 1 · 14-02-2021 07:06PM

kippy wrote: »

I doubt the majority of people who buy iPhones do so for privacy reasons.

No not yet but Apple are going down the road of “buy Apple and cause we don’t dredge your data with they view of selling it on”

circadian · 14-02-2021 08:02PM

roosterman71 wrote: »

What do people use for looking at stock charts where you can put on indicators as overlays, etc? Want to try learn about charts and look at patterns and how things react, etc, etc.

I use a combination of the Webull desktop app and finviz.com to search for particular traits. I'm still learning charts and there are so many different variables and methods of interpreting the data. I agree that chart watching alone won't be sustainable long term, you'll always need to have a quick dig about the company too.

I bought shares in a company based purely on charts and it's been going up, with jumps every week or two. I'm talking small volume and small growth, but growth nonetheless.

I read an article last week about the top level execs buying up the shares with one of them buying a few thousand every two weeks. I don't know how true it is but I'm certainly interested to see what it does to the share prices over the next few months. It could possibly mean that they have some good IP coming or that they plan on selling the company off and trying to cash in as much as they can before it.

Chuckie_Egg · 14-02-2021 09:05PM

Banana Republic 1 wrote: »

Yes for privacy.

Apple refused to unlock an iPhone used by one of the San Bernadino shooters back in 2016, funny how the Defense Intelligence Agency was able to break the encryption. Makes you wonder how secure all this so called privacy really is

roosterman71 · 14-02-2021 09:31PM

Supercell wrote: »

On Tuesday I'm planning on taking a position in DPW depending on what BTC does by then, hoping it doesn't totally dump if/when it hits $50k (likely by Tuesday).
This is a EV and BTC play, so moves likely to be quite extreme.

DPW was tipped here by Rigolo last year. It fell back about 33% since then and has hovered around the $5 mark, mostly below it, for nearly all that time. Yet BTC has gone up and up and up. Could be a good time to enter but may be a stagnant holding.

WhiteMemento9 · 14-02-2021 09:37PM

Chuckie_Egg wrote: »

Apple refused to unlock an iPhone used by one of the San Bernadino shooters back in 2016, funny how the Defense Intelligence Agency was able to break the encryption. Makes you wonder how secure all this so called privacy really is

Apple seem to be making privacy a core feature of its ethos going forward. I don't own any Apple products so I am not some fanboy and I think their alignment in this direction has as much to do with commercial reasons as it does ethical concerns. There has been a groundswell against big tech and data collection which is growing louder all the time and I think positioning themselves as the white knight in this is extremely smart.

Guardian - Facebook v Apple: the looming showdown over data tracking and privacy

Shedite27 · 14-02-2021 09:43PM

Did you smash it wrote: »

Do people listen to Jim Cramer or is he a bit of a buy everything merchant? Only listened to one of his podcasts. Was plugging starpeak, dexcom and azek amongst many others.

Yeah i like him, wouldn't be interested in many of the companies he advises to buy, but he usualy has intereviews with comapnies I wouldn't be familair with.

To be fair, he does tell people not to buy when it's warranted. In general tho it's a buy so long as he thinks it'll be up even 3/4% in a year

Take Your Pants Off · 15-02-2021 02:47AM

What are peoples thoughts on BNGO and HTBX?

Did a bit of reading on on these:

BNGO:
They are unprofitable, has negative revenue growth and a crazy. Cash position is better than I expected, small biotech firms are usually drowning in debt. Price to Sales of 500+, and price to book over 200. But rumours of ARK investing in it also the fact it is a Genome play, it could be in for a ride.

As for HTBX. They have a history of share offerings and reverse splits, as do many pharma companies. They currently have an ATM offering which I suspect will close soon. It hey also have a few cash to sit on.

Timmaay · 15-02-2021 04:11AM

Take Your Pants Off wrote: »

What are peoples thoughts on BNGO and HTBX?

Did a bit of reading on on these:

BNGO:
They are unprofitable, has negative revenue growth and a crazy. Cash position is better than I expected, small biotech firms are usually drowning in debt. Price to Sales of 500+, and price to book over 200. But rumours of ARK investing in it also the fact it is a Genome play, it could be in for a ride.

As for HTBX. They have a history of share offerings and reverse splits, as do many pharma companies. They currently have an ATM offering which I suspect will close soon. It hey also have a few cash to sit on.

Very nice chart on BNGO, 20 50 and 100day moving averages all on uptrends, it recently consolidated towards the 20day ma and shot up again, the safer entry point is wait for it to drop back towards it again, now isn't a bad entry either, however it did shoot up to 14 after hours on Fri, so could be gapped up again come the nyse open Tue. And as you said, fundamentals are largely useless for this stock, your investing on hype and momentum so adjust your risk accordingly. I've small positions in it and Crispr since mid Jan, I'm 70% up on bngo but 11% down on crispr, despite Crispr having the much better entry point, its a very volatile sector.

circadian · 15-02-2021 09:28AM

That's a nice big curve, if you got on at the bottom you're flying for some pretty swift returns. Interesting to see where this levels out.

Also, someone here mentioned Argo Blockchain. Give yourself a pat on the back, I think it has gained around £1 a share since that was mentioned.

Shedite27 · 15-02-2021 09:46AM

circadian wrote: »

That's a nice big curve, if you got on at the bottom you're flying for some pretty swift returns. Interesting to see where this levels out.

Also, someone here mentioned Argo Blockchain. Give yourself a pat on the back, I think it has gained around £1 a share since that was mentioned.

That'd be Rigolo's handywork. Currently up 1800% in 2 months since he mentioned it

Shedite27 · 15-02-2021 09:47AM

US markets closed today.

Presidents day

Share Picks 2021 - Thread banned users post #1

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