StrengthTrading

StrengthTrading

After the long down move the utilities sector has gone through, it looks like it could be ready to turn around. We might be a little early here but this is what we're seeing that is telling us that it's ready to make a move higher finally: -When you look at the 4 hour chart you can see that the price is coming out of a squeeze higher to the upside -When looking...

StrengthTrading Updated 

First off, please note that I am a swing trader. When I enter a position I am looking to hold anywhere from 1 day to 3 months depending on the momentum, but the average is around 7 market days for my hold time. Here are some quick bullet points on why I like this stock for this week: -This sector (food and beverage) as a whole looks coiled and ready to go -The...

StrengthTrading

We can't predict when this will happen, but right now this is what we are seeing.. The price is trading within a channel right now with an obvious downtrend. We believe that this is creating a bullish downward wedge, which can cause some explosive move to the upside. Once the upper channel of the wedge is broken with some volume we believe that bitcoin will make...

StrengthTrading Updated 

We really like to keep our charts simple and momentum in price action is the most important thing to us. One of my favorite setups is a squeeze because it allows me to get into a stock or option before the large move has been made. This is obviously really nice when you trade with options because of the greeks and implied volatility starts working for you. Here is...