Stocks opened lower but they are not as weak as it seems. The SPY is still in a trading range in the 60 min charts, therefore a bounce up bounce down is to be expected. With the 60 min 200 MA below the SPY, we have some confidence that a flash drop won't happen yet.
I update stuff earlier in the Telegram Group. The link is https://t.me/joinchat/AAAAAD7zlt6PytPzhsIA0A . You will need to copy and paste it and have a Telegram Messenger. Something like a Whatsapp but allow more people.
Below are the charts that I have put.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.