Alex_Quiroga

Alex_Quiroga Updated 

This is another mining company the chart is similar to the past idea the symbol too but this is Yamana Gold Inc. and not AngloGold Ashanti It is a faithful copy of the last idea. And that shows how strong are in this moment the mining companies Again a tested support for one year at a 2.50 level more or less and now the price is showing more strength surpassing...

Alex_Quiroga

This stock chart work well for explain how is my judgment at the moment of pick a stock: Part 1 Judge the trend (Red Arrows) from 2012-12-24 to 2014-03-31 For this I used the (weighted moving averages Red 36 Blue 54 Green 74) I use a triple moving average but I dot not follow signals like a triple crossover I interpret the moving averages based in qualities...

Alex_Quiroga

In past publications of this series I commented that when I look Financial stocks I pay attention if The price is below 2017-2018 highs, or The price is above 2017-2018 highs. Look the main resistance line around 21.30 because the idea revolves around the resistance line. now quickly from left to right focus your attention in 2018 More above in 2018 where is the...

Alex_Quiroga

Chart pattern recognition in real time is something that do not need too much minutes for analyze, In a past post I commented about no expend more than 3 minutes rethinking, reformulating, reanalyzing But it sounds contradictory If I use a discretionary method for picking stocks and I have thoughts and opinions about the stock chart that I watching For example...

Alex_Quiroga

When I pick financial stocks, I always look the highs of 2007-2008 in a past post I comment about leading companies in a Industry and lagging companies in the same Industry For example in my past post: Bank vs. Cryptocurrency #14 (-COF-) I comment: this stock now is trading above the 2007 highs this mean this is a leading company in this sector And in this post,...

Alex_Quiroga

Sector: Technology Industry: Data Storage Devices (Blue line) is support (Red line) is resistance (Red circle) a big weekly Gap Note Weekly Gap is not filled, that show me how bullish is the price Some Long lower shadows testing the new support level 46.60 (Blue line) I see intentions of the price of going for the main resitance level around 62.60 based in the...

Alex_Quiroga

Sector: Technology Industry: Business Software & Services (Blue line) is Support (Red line) is Resistance direct your attention 2018-01-08 Look a big green weekly candle closing above the resistance (Red line) in 42.40 (Red arrow) long lower shadow testing the new Support (Blue line) This idea need some weeks why? because I use the moving averages in a...

Alex_Quiroga

Sector: Technology Industry: Communication Equipment From left to right on the (Red line) 2008 to 2016 resistance was broken and more ahead (Red arrow) the resistance becomes support (Red circle) breakaway gap on the resistance line pullback in progress to the date that is all from 2008 to 2018 The more important in 2018 is the gap that appears in the chart (Red...

Alex_Quiroga

Look back in the time, February 2011 highs (red arrow) And now in February 2018 the price is dealing again with a resistance zone in 60.00 But when the price is close to a resistance level: THE RULE SAY DO NOT BUY AT RESISTANCE Then why I promote this buy long idea, if it will not work There are something that the reader should know about my method: There are...

Alex_Quiroga

Sector: Technology Industry: Semiconductor- Memory Chips Similar idea than the #10 Now the argument is the same: the breakout of a resistance key area around 33.80 and then a continuation pattern in a trend following mode even the price broke the continuation pattern resistance line the past week the price is going

Alex_Quiroga

Sector: Technology Industry: Semiconductor - Broad Line Generally I only use the same terms: (Red Arrow): Resistance breakout, pullback to the new support and swing low . (Red Circle) the resistance breakout was broken by a overnight gap and this increases the odds of a bull price in the next months Inside the (Red Circle) there are a gap in the daily chart I...

Alex_Quiroga

Sector: Technology Industry: Business Software & Services 7 Years of resistance around the 138.00 and was broken, in January 2018 and now 02/26/2018 is breaking the second resistance level in the 148.00 area Follow the trend but wait for a price retracement

Alex_Quiroga

Sector: Technology Industry: Computer peripheral equipment Above of 2008 highs Now look 2018 price (red arrow) the breakout, the pullback and a consolidation price in progress above 40 This is a continuation pattern in a trend following mode, price is making new highs, breaking resistance lines I see it like that weekly candlesticks, 10 years view this ideas take...

Alex_Quiroga

Sector: Technology Industry: Semiconductor - Broad Line This is the kind of price action that I can find in the market and share it for swing traders and Options traders Ideas I share are easily recognizable price patterns that do not need explication. Because is price action and I'm just pointing out what's happening in the market now. By the way the ideal entry...

Alex_Quiroga

Sector: Technology Industry: Business Software & Services The price take 5 Years and 8 Months for beat the 70.00 and break that resistance area and leave a range of big dimension between May 2011 and January 2017 But if you look the stock is trending from July 2015 (red arrow) the next year (2017-2018) this stock did up 23.7% a trader only need to identify a...

Alex_Quiroga

Trained readers do not need technical explanations The trained eye does not conceptualize

Alex_Quiroga

Bearish trend line breakout (Red Line) Resistance becomes support (Red Line) Pullback and swing low in development (Red arrow)

Alex_Quiroga

Resistance becomes support My analysis sound bland It will be enough with the red line and the red arrow to explain the idea