| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| ABK $0.86 |
The decline moved the price into the mid-range between the 78.6% and 100% Fibonacci retracement of the stock's rise from 51¢ on March 29 to $3.39 on March 12.
It triggered bear signals on the parabolic sar and the macd. Persons' Proprietary Signal had moved to bear phase two days earlier.
Today's price bounced off of the previous swing low, 83¢ and is trading within a few cents of the open.
Reversal Levels
- $1.34, +55.8% (swing high)
- $1.17, +36.1 (20-day moving average)
- $1.13, +31.4% (Fib 78.6%)
- $0.86 <== You are here.
- $0.83, -3.5% (swing low)
- $0.51, -40.7% (Fib 100%)
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we remerge from the wreckage.
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
Abbreviations:
- psar - Parabolic Stop and Reverse
- adx - Average Directional Index
- pps - Person's Proprietary Signal
- ma20 - 20-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
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