Best Stock Charts December 09, 2017
In this week’s video I discuss technical analysis of a number of great stock charts that we view as candidates for excellent swing trades or investments, not day trading. The charts patterns for the most part are continuation breakout trades on a weekly basis. A number of the stock charts are flashing inverted head and shoulders pattern which is bullish.
In this video I also discuss the value of using the Relative Strength Indicator (RSI), Ultimate Oscillator, Stochastic, Bollinger Bands and Stochastic RSI as a tools for not only measuring overbought and oversold levels but also divergences which can indicate that the price and volume of a stock, index, ETF or ETN may not be as bullish or bearish as one might think. I show you how to leverage these technical analysis indicators to make you a better swing trader.
In a few of the stocks that I do analysis on I educate traders of the value of knowing the short interest in a stock so that you can avoid becoming a victim of a short squeeze Knowing the short interest of a stock can help you get the “traders edge” trading extreme overbought or oversold stocks because high short interest acts as a catalyst for a stock moving higher far more rapidly than a stock with low short interest. If you are looking to sell short a stock then knowing if there is higher short interest will make you more disciplined when building your position because the probability of a short squeeze is that much greater.
+++Stock Chart Analysis In Sequence Below+++
Nektar Therapeutics (NKTR)
Russell 2000 Small Cap Stock ETF (IWM)
IShares Healthcare ETF (XLV)
Direxion Small Cap 3x Leveraged Bear ETF (TZA)
Indonesia ETF (EIDO)
Direxion Biotechnology 3x ETF (LABU)
Endologix Inc. (ELGX)
US Oil Trust (USO)
Vaalco Energy (EGY)
Deutsche X-Trackers MSCI Hedged Equity (DBEF)
ABB LTD. (ABB)
Vasco Security (VDSI)
IShare MSCI Italy (EWI)
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