daytrade diaries... july 9, page-64

Kartich here is PRW and TOE



TOE:


Daily_1:

Here you can see the stochastic has bottomed out, but it hasnt turned up yet. Its a good lesson for those that buy early when they see the cross coming or start to happen, but dont wait for it to turn up (ive done this before too).
Wait for a turn up, and you might see the speed angle there reapeat.

Note the 195 EMA was broken to the upside, it acted as support, but now it has been broken to the downside. This is a bad sign, and the 195 EMA needs to be reclaimed, see next chart.




Daily_2 Zoomed out

Here you can see the 195 EMA acting as resistance for a long time during its fall, with price having a few blow off tops that was near or exactly on the line. This is why it acted as support when broken lately, and it needs to be reclaimed now.




PRW daily

Slightly harder to chart, as such a lightly traded stock. Gap has been left over, and partially filled, may be more filled in time. However, you will notice some repeating speed angles that happen a few times. Its hard to put it on the chart now, as it has not bottomed and started to rally yet, but when it does, place speed angle at the low and look for that range to happen? You can see the possibilities ive put up there too, even if it fully retraces the gap.

Also stochastic is getting oversold, but not ready for a buy yet.