#HYHRD: NO video update – looking at charts part 2 $NRF $O $PGH

I wanted to make a follow-up video update for looking at charts, but;

techdiff

I was unable to get the video to properly render the audio/video. It’s most likely due to a limitation of the memory/processor in my laptop. Sounds good enough to be true. Also might make a good argument for getting a new laptop!

So, I guess I’ll have to suffice with the textual explanation, from the template for the weekly post, right after some static images (with commentary);

Imagine if you will, a 6 cell setup of charts with differing time periods. They each have a Linear Regression Trendline with a 50% width for the entire period, so it is quite easy to discern whether a stock’s price is trending up or down. Sort of like this for $NRF;

6 cells

Please for to click you each painting for to the embiggenization of same. Very many you for thanking muchly.

As you can see, the low and the high for each period is also shown in each cell. The middle cell in the bottom row also displays classic patterns (if there’s enough volume) with price predictions and timeframes for those predictions (Not shown, yet. Wait for it!). This is also shown in the most recent period in the cell at the bottom right, along with Simple Moving Averages for 9, 20, and 50 day periods (the middle cell has the just added 100 and 200 day Simple Moving Averages).

Here is the middle cell from the bottom row;

nrf1

Here, you can clearly see the one pattern prediction (highlighted yellow box) that is ‘working’ (i.e.; price is within predicted range for the timeframe in the red box) and right below the yellow box the green line indicating the 100 day SMA and the yellow line indicating the 200 day SMA. There are also other patterns that are either not working (or never worked) or are no longer working (and are not shown).

Here is the most recent period from the cell at bottom right;

nrf6

Again, you can clearly see the one pattern prediction (highlighted yellow box) that is ‘working’ (i.e.; price is within predicted range for the timeframe) and right above the red prediction area box the green line indicating the 9 day SMA and the yellow line indicating the 20 day SMA as well as the purple line indicating the 50 day SMA. There are also other patterns that are either not working (or never worked) or are no longer working (and are not shown). This cell also includes Parabolic SAR and MACD Histogram.

So, tying this all together my intent with the planned but failed video was to show that I could determine in a single pass if stocks were ‘looking good’ in the 3 most recent periods, or in all 6 periods simply by flipping through my list of current holdings and my watchlist. I did have a 3rd row at first with 3 longer periods, but there were no stocks that ‘looked good’ in any one of those cells (10, 15, & 20 year periods), and very few stocks that even came close to qualifying in those periods.

Here is the criteria as stated in my upcoming weekly posts;

NEW Method

For an investment to be in what I consider a ‘nice uptrend’ for longer timeframes, it has to have a clearly defined trendline showing stock price moving up in all 6 charting periods (6 month 1 day, 1 year 1 day, 2 year 2 day, 3 year 2 day, 4 year 3 day, and 5 year 3 day). It also must be making higher lows in each subsequently shorter time period.

For an investment to be in what I consider a ‘nice uptrend’ for shorter timeframes, it has to have a clearly defined trendline showing stock price moving up in the 3 most recent charting periods (6 month 1 day, 1 year 1 day, and 2 year 2 day). It also must be making higher lows in each subsequently shorter time period.

Another use for this new charting method can be illustrated in the StockTwits streams for both $PGH and $O where I posted the following charts and commentary;

comment1

$PGH Pennant Patterns predicting recent current prices through 6/2/15 – shows might be more downside to $2.57 or so

image1

The above shows a prediction currently ‘working’ (i.e.; in the predicted range) and an expired prediction.

comment2

$PGH Recent Triangle & Pennant Patterns indicate bullish moves through 7/27 and bearish moves through 6/2 $2.31-$4.08

image2

The above shows (from the top of the yellow box); a prediction currently not ‘working’ (i.e.; not in the predicted range), an expired prediction that was not ‘working’, another prediction currently not ‘working’, another expired prediction that was ‘working’, and another expired prediction that is currently ‘working’.

comment3

$O Recent Chart Patterns indicate possible bullish move through 8/1 & current bearish move through 6/8 $45.65-$56.60

image3

The above shows; 3 bullish predictions currently not ‘working’ (i.e.; not in the predicted range), and an expired bearish prediction that was ‘working’, and another bearish prediction currently ‘working’.

comment4

$PGH Why I think there’s some additional downside to $2.57 through June 2nd

image4

The above shows; a bearish prediction currently ‘working’ (i.e.; price is in the predicted range), and support from the MACD Histogram and Parabolic SAR that supports this statement.

comment5

$O Why I think there’s some additional downside to $45.65 through June 4th

image5

The above shows; a bearish prediction currently ‘working’ (i.e.; price is in the predicted range), and new support for this statement from the MACD Histogram that is starting to decline and Parabolic SAR that has just begun to support this statement. Also, this was posted yesterday and ex-dividend is today, so there’s that.

I hope I’ve provided a little insight and possibly some ‘food for thought’ and I hope you were ‘entertained’ by my ramblings because this was most certainly not advice of any sort, as I am totally unqualified to provide same. If you want advice, there are plenty of ‘qualified’ individuals willing to sell you annuities (i.e.; ‘insurance’). I encourage you to learn as much as possible, trade profitably, and live in harmony. “Do only that which is right.”

PandA out…

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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