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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (75918)	12/23/2024 8:46:49 AM
From: Magnatizer	1 Recommendation Recommended By Doug R Read Replies (1) \| Respond to of 79297

LAES is into supply chain and logistics! Always interested in deeper dives there. I am discounting the first 5 months or so as it looked like they had a hell of a firm that brought on their IPO at a highly overvalued state. Low volume with high volatility is just weird. Broad view tradingview.com Not one but two gaps over cross horizontal channels in this move north. I've never seen this type of action. My problem is my best entry is a sniff of the 1.27 to 1.39 cross channel. With the type of power LAES displayed gapping the cross channels I don't think this is even remotely possible. If I pull out the highly experimental and total finger wag in the air "future" trendline I find an entry in the 3.30 area today. Other than the first anchor this type of tline has no real rules to it. I just take a shot based on activity post signal to find areas of interest. The white dashed tline on the following chart represents an uptrend that stopped the initial move after the last signal then again the bears showed up when it was breached on the current move: tradingview.com

To: Doug R who wrote (75918)	12/23/2024 9:12:31 AM
From: Magnatizer	1 Recommendation Recommended By Doug R Respond to of 79297

VRAR Broad view tradingview.com More concentrated view tradingview.com Key areas 4.66 to 6.30 is loaded with cross horizontals. This has been a virtual wall since the first of this series formed in March 22. Sounds a bit funny to say after the last few weeks but getting through that zone, especially with gaps, would set up VRAR for an explosive move. The target for that move would be the grey uptrend channel. I've highlighted the post formation work VRAR did on this channel from late 22 to early 23. Current value is upper 9s, lower 10s Current activity has VRAR following the rules. Gap that didn't quite clear the cross channel below. Came back for a quick retest of the top of this channel then made the move. Cross channels held overhead resistance pushing VRAR back to a key uptrend channel which it used as support tradingview.com it is a bit of a chase here for my stuff but I do like it to see 4.66 again at a minimum.