Cybersecurity massive volume!On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart).
As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a single trade into BUG.
10sma towards the $19 range shows short-term support.
Top-10 Portfolio holdings by weight:
OKTA (8.4%)
FTNT (8%)
ZS (6.93%)
Trend Micro Inc (6.09%)
CHKP (5.69%)
NLOK (5.63%)
QLYS (5.61%)
PANW (5.23%)
AVST (4.89%)
PFPT (4.79%)
Total % weight: 61.26%
Volumespike
Cybersecurity ETF - Huge volume spike Technical Analysis:
CIBR had a volume spike of 850,000+; which is 80% higher than usual, yesterday November 12th 2019.
The 50sma (yellow line) is bouncing back, trying to cross the 200sma (red line), and after it must cross 100sma (blue line) for it to continue being bullish.
10sma is short-term support - $29.3
All time highs is short-term resistance - $30.7
CIBR top holdings:
VMW - 6.64%
PANW - 6.63%
AVGO - 6.15%
CSCO - 6.03%
OKTA - 5.12%
FEYE - 3.50%
FFIV - 3.32%
SPLK - 3.18%
JNPR - 3.18%
Short- term Sell ideaEurNzd has developed a RSI divergence in h1 chart, the volume on the last candle are high and it represents a bigger interest for the sellers than the buyer; price has had touched 161.8 extension of Fibonacci and it is usually an important resistance level.
I will update tp and sl
Green Organic Dutchman----TRADE IDEALooks like we have a cup and handle formation finishing up on the daily. We had a small dip below the trend line but regained during the previous trading period. RSI is just entering the oversold territory on this one so I expect a small pullback out of the gate on this one.
Support Levels - 2.75, 2.60, 2.42, 2.30
Resistance Levels - 2.86, 3.00, 3.25, 3.65, 3.88
Price Targets - 3.50, 3.88, 4.00, 4.31
Hammer ShortSSl recently has been recovering from a market correction. However, even tho the coppock curve and the ADX are saying this could be a buy, I see a hammer candlestick forming. This shows that the prior trend could be changing. So, I put a short position below the 50 MA. Also, volume seems to be decreasing.
HIL LTD Short term Positional CallHil Ltd Trading technical call for Short-term
CMP: 1710, Closing based SL 1489, Targets 1830 1900 1970
(Lifetime High Close)
Educational purpose only
SDRL # Price marked up from previous low breakdown failure(less volume are interested to the breakdown).
# Mark up is supported by volume spike showing interest.
# RSI higher high. MACD lines up below 0, histogram converge.
# News: Restructuring plan.
Condition:
1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up pullback on 1min/5min timeframe with good R:R ratio to get in again.
2. If my entry is triggered with weakness or potential trapped, I will watch the move for the next 30min and get out of the trade if strong selling occurs. Hold the S1 position if weak selling follows through.
3. If no sign of strength and weakness on both sides, my order will remain.
4. If further weak selling is coming, I will find a better LWP for entry.
5. If strong selling follows, orders will be cancelled and reassessment is needed.
Earnings cup and handle patternTRI has provided a cup and handle pattern - and is currently in a short term flag. The coppock curve has been decreasing with the flag. Long order is till the open of the flag. Short is opening below 25 MA. Also, the volume is decreasing with the flag at a angle of 35 degrees - showing a potential large breakout.
LTCUSD§M - Hero CallThis is a top hero call based on the massive volume spike on LTC - countertrend so low risk 0.5% of equity on the stop loss
win prob should be fairly low but good +ev move here
Using ROC(Volume) along with RSIThe idea is to make a trade when:
(1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
The spike in volume suggests that market is reacting to the event (i.e RSI showing overbought/oversold)
The dark blue line is 5X the average volume of the last 500 days.
Use Volume profile bars to choose Take profit and Stop loss.
Can someone create a script which creates an alert when Conditions (1) and (2) are met.
That is (1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
Maybe create a new indicator which is function of ROC and RSI.
I do not have much knowledge of programming, so any help will be appreciated, I can also pay for your help.
Thank you
Coloured Bolume Bars - SteynTrade_V2Updated version of Colour Volume Bars V2
The colour bars:
Green: Price up - Volume > 2 x STD of last 21 bars
Blue: Price up - Volume > 1 x STD of last 21 bars
Maroon: Price down - Volume > 2 x STD of last 21 bars
Purple: Price down - Volume > 1 x STD of last 21 bars
Grey: not high volume bar
black line: 2 bar sma
Red line: 8 period sma
Blue line: 21 period sma
Bollinger band: 55 period sma with bands 2 deviation from the mean
I use this indicator together with the TDI and Ichimoku indicators with the same period settings. Together they give price action, sentiment and volume on three time frames.
NZDUSD Possible Wave-countDespite its choppiness since the start of this year, the NZDUSD pair has traced out what may be considered to be a respectable impulse wave.
By this count, wave 2 and wave 4 held at their respective 61.8% retracements of wave 1 and 3, and wave 5 is an ending diagonal whose subwave ii retraced a bit more sharply than normal. Additional reasons to believe that the impulse wave has ended are the tweezer top formation just shy of the psychologically significant round number 0.7000 reinforced by a spike in volume.
If this count is correct, we are currently in a corrective wave down. Trading this wave is doubly safe because the larger macro trend is down, despite the upward momentum since the start of the year. Furthermore, even if we are in the start of a new uptrend, we might expect a sharp correction in the ensuing second wave.
Bearing in mind that ending diagonals often retrace swiftly to their point of origin, the safest way to trade the NZDUSD in the near future would be to buy the breakdown of the lower ascending trendline.
A more conservative approach would be to wait for the likely pullback in wave B since A is the third touch of the trendline, and short anywhere in the entry zone between 0.6885 and 0.6965.
The hard stop should be just above 0.7000. Take profit is at the bottom of wave 5 around 0.6500.
A key price level to take note of is 0.6755, which is the top of wave 3 as well as the possible base of corrective wave A. Consider scaling out and locking in profits in this region.
A possible scenario for this wave-count being incorrect is if wave 4 completes at the point currently marked subwave ii. If so, we are in the final subwave of an ending diagonal, in which case a violent reversal is to be expected at 0.7000. Either way, a sufficiently well placed stop just above 0.7000 should not be hit.
Best of luck!
Money-Maker Breakout Stock, MNGAMagneGas (MNGA) has recently had a large order placed to place acetylene in plants for an unnamed cement company (Argos Cement is being named as the number one suspect for the company who placed the order). This caused the stock to gain 10.1% up to .95 a share from its previous .84 a share. There was also a volume spike due to the breaking news the company issued which increased the volume up to 11,325,224 trades, while it's average volume is only 608,502 trades. A similar occurrence happened in late March of last year when the volume spiked up to almost 30,000,000 trades and in turn increased the price to 2.40 a share. The overall trend of the stock from its last price spike is bearish but with news of a new gas order and the profit margin rising almost 850% I believe we are looking at an extremely high probability of a breakout where we could see prices reach upwards of 1.05-1.15 short-term and up to 1.50-1.70 long-term. Definitely a stock that could make some serious money if trend continues.
Bullish Divergence should lead JCP back to 7.50sFriday brought the first higher low reading on the mac-d histogram signaling entry for JCP long. This came off of noticeable momentum divergence from both the histogram and the signal lines. Also, RSI showing some divergence. There was above average volume on Friday leading me to believe that the buying brought on will be able to be sustained as we shoot for the upper resistance level.
Institutional Volume Spike and Price Action CloseFriday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely stepping back in at this level.