Stoploss.ch

Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Triple Bottom

Pattern Description:

A triple bottom is a reversal pattern that displays three distinct minor lows at approximately the same price level. It generally takes at least three months to form and the longer the support levels hold, the more convincing is the eventual break above resistance. Ideally, the break to the upside should be accompanied with a significant rise in volume.

Bollinger Band System on MetaStock

This presentation is a demonstration of the Bollinger Band System Add-On for MetaStock. It is a good explanation or what Bollinger Bands are and how they work with MetaStock.

A Lesson in Trading Psychology

by Brett N. Steenbarger, Ph.D.

Back in 2004, I joined Kingstree Trading, LLC, a proprietary trading firm in Chicago. There, I had the good fortune to get to know--and observe--many successful traders at work. One lesson particularly stands out in my mind. A trader saw buying come into the market, and he quickly jumped on board. He saw that the odds of taking out a recent high were good, given the size of the buying. To his surprise, however, the trade stalled out before the target and reversed. He quickly exited with a tick...

A Death Cross for Carnival Corp.

2024-04-20 by Tim Straiton

Carnival Corp. was the second best performer in the S&P 500 after Nvidia in July 2023, however the company seems to be cruising into darker waters right now. The stock is currently running into oversold territory with the 14 day relative strength index at 32%.

Rising trendline support comes in at 13.18. A death cross formation has been established with the 200 day moving average now trending downward. It would probably be worth using any upside correction to liquidate long positions. Holders of this stock should be aware that a break of $13 would put focus on the $11 area.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

Featured Site

ESTA

Site Description:

The Egytian Society of Technical Analysis