Friday, September 16, 2016

9-16-16 O , The Big

This looks like a buy to me, and it's a buy on the hourly.  The UO is flat, but I consider flatness on the UO to be acceptable.  For some reason I've always had the best luck when I trade this stock.  The weekly lacks direction, but has been going down.  So this could be a nice turning point.

Also of note, the UO is where it has traditionally turned around, or maybe even past that point. 
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2 comments:

  1. SanfordSeptember 16, 2016 at 2:54 PM

    Yes, a close at this level will confirm a buy. UO is up slightly. Just curious...Do you confirm buy/sell triggers intra-day or wait for the close?

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  2. UnknownSeptember 17, 2016 at 12:55 AM

    If it's close I'd wait or check the smaller frequencies to guess. With this one it appeared that there was no chance for it to finish down enough to cancel the buy signal, so on this one I wouldn't wait until the next day. It could open 2% higher.

    Also it gets bonus points for doing this in a down market.

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