SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Qone0 who wrote (84202)2/12/2024 11:17:29 AM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) of 97955
 
This is just to illustrate a trading technique that I use.
C3AI is at its redline. Which means it is vulnerable. The question is if a pullback will be material should it happen.

I look at the daily and 4hr charts and I don't see any imminent signs of danger, despite the stock having had a sharp run lately. I make a mental note of where the higher timeframe pivot points are and zoom in via the 5 minute chart. The blue marker is when I saw your post.

At that point, the stock has pulled back to its 5 minute trendline (purple), so no biggie, and the trend is pointing up, which is good. Now I check the momentum indicators, and there is a key pattern here. The context sensitive one (yellow) is falling and getting nearly oversold, but the regular one (purple) is not budging. The regular is the one that is in the driver seat. If it falls from the OB region and especially if it crosses the midline while the yellow is still below the midline, then it is sell and arguably a short.

But that didn't happen. Instead it stayed up long enough for the context to catch up and drive higher. And this is the key to whether it's a buy the dip or sell the rip. You want to see alignment between these two indicators, keeping in mind that the primary is the top indicator. One can see this recurring pattern throughout the chart.

PS Tomorrow is the CPI number. I expect it to be as or better than expected.
.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News