Charlie goes over 5 stocks that have a consistent growth trend in 2019 and continue to show signs of making higher highs.
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📈Swing Trading 101 https://youtu.be/cMmW12Smmt4
💻ThinkOrSwim Tutorial https://youtu.be/TdU_SBmxYiU
⚖RSI Indicator: Crash Course https://youtu.be/C6z4Ntf4Yos
😏Converse With Charlie & Other ZipTraders https://www.facebook.com/groups/ziptrader/
📌New to the stock market and #trading? We break everything down in a short, sweet, and simplified way. If you have any questions, go ahead and comment below and we'll answer them!
📌ZipTrader also places an emphasis on day-trading Penny Stocks, Marijuana Stocks, Biotech Stocks, and Pharmaceutical Stocks. Let us know if you have a specific stock that you would like us to analyze!
DISCLAIMER: All of ZipTrader, our trades, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
Extended Keywords: "ZipTrader" "Zip Trader"
Now, the stocks that we're going to be talking about in this video are all a little bit different from one another, but the one thing that they all have in common is that they have all been consistently growing so far in 2019. Now, of course, just because they have treaded up since the start of 2019, that does not mean that they're going to continue. So I Highly recommend that you watch the entirety of this video because I'm going to be explaining exactly when and where you should be getting in and out of positions and certain signs of a reversal that you could use to protect your capital. Also, as always, don't forget to hit that like button and also subscribe for more short sweet simplified videos on how to trade the stock market.
Ok, so the first stock is Neuro. As you can see, Neuro has had a pretty good but very consistent upward growth trend pattern or trend over the past two weeks. More importantly, we see it continue to gain real estate between the SMA line and itself, which is a continued bullish signal. Now, if we start seeing a drop where the gap or real estate between the two charts close in, then that would be a sign that the stock could begin a more serious reversal.
But we are seeing the opposite of this and stock continues to trend higher, which is a very good sign for me. However, today we saw a bit of a dip and this would be a good time to see if the price action is actually able to fight this off. MACD is also indicating some solid momentum, which is probably largely pushed by the volume of shares traded being away above its average. The average is around 9,000, but the bars are indicating over 100,000 in volume, so that's a massive change in volume now with any change in volume or share price.
I Like to consult the news for the company to see if there's any fundamental changes that I should know about before taking a position, but there doesn't appear to be any major news, just some quarterly company product news, but no exceeded revenues or quarterly results or anything of that nature. So I don't need to look much more into the fundamentals Now looking to take a position? I'm not going to want to buy when the stock is marked as oversold. That just increases my risk and lowers my upward potential. Instead, I'm going to want to wait until the stock is within at least hitting distance of the fair value range, which is in the middle of the RSI indicator.
Now, if this happens almost every day with this stock, and it's key not to be impatient and buying at too high of a price, because in the long run, that's a very poor strategy. Next, Alt has also been trending higher over the year. We see this gap up over the SMA line, but then consolidation closer to it as the year went on. However, we then saw a bit of a reversal with its showing some pushback signs by edging closer and closer to the SMA line.
But now we are starting to see the stock consistently break higher highs and build real estate between itself and the affirmation SMA line. This compiled with the fact that we have also seen the stock remain green on the year, makes me think that there is some more momentum here to run. But what I'd be careful to note is that as always, if we see the stock run down to the SMA line, that could be a bearish sign and that's it'd be super important to get in at a good position. If you're thinking of taking a position, there's two main ways to go about getting a good position on this. The first is to wait until we see it continued bounce above the SMA line that would signal that the SMA line has become support and then later if we see it return to a higher average destined a line. then we could then sell out. But my preferred range is to wait until we see a continued run-up of momentum on the MACD and then possibly a break above previous resistance at 3/4 because if it can show these two signs, that would be very positive for the overall outlook of the price action. but we'd still want to wait until the RSI had indicated that the stock was indeed within the fair value range.
Take the only thing that I'd be worried about here is the fact that unlike Neuro, we do see this break below the SMA line and stocks that have a history of breaking support are more likely to break it in the future. That's why you need to wait to see a confirmation that the SMA line is indeed providing solid support before you can validate yourself and feel comfortable taking a position. But again, always do your own research. Obviously, something that I feel comfortable taking a position might be way too conservative is for somebody else.
obviously. I'm a much more risk-averse trader than many of the people on here, and a lot of the reason is because I believe in protecting the capital and a lot of other people just want to make quick gains and quick returns. And that's not something that I ever recommend because it's all about being consistent in the long run. You might be able to take a lot of profits here, but if you go and you keep doing this eventually you're gonna lose more.
It's just all about probability when you're trading stocks now. V-ray is another one that is consistently making higher highs, but this one is a little bit more of my style because it has this hot pattern where it hops to a higher value and then goes back down and then bounces off in a line to an even higher value. This law only provides a high confirmation that the SMA line is serving as support, but it allows us to get in at a good price point. There were even two opportunities to get in when the stock was oversold, which is almost unheard of for stocks that are consistently up trending unless they have this hop pattern.
So the strategy here would be to buy in when the stock dips back to the SMA and then hold until we reach previous resistance. Now you could hold for several hops, but then you'd be in trouble if the price action actually breaks that pattern. One thing I'd be concerned about with this is that there was a large amount of real estate between the price action and the SMA line in the beginning of the run-up and we are starting to see it fluctuate and decrease a bit. But if we see it drop below the SMA line for even a second, that would be a signal that the stock is indeed about to break the pattern. The next one is UHN uNFI This has had a pretty steady run-up for most of the first weeks of 2019, but today we saw a huge gap up over all. the stock is on track to double in the first month of 2019, but I wouldn't be so quick to execute a position. yet. With a gap up this large, it's essential that we check these fundamentals to see what's going on.
Google search reveals that they offered very solid quarter guidance and that's a large reason why they gapped up so massively today. Now would not be a great time to buy in since this is probably going to be an overreaction. That being said, when we see the stock continued to back down and then see a bounce above the SMA line, that I'd be tempted to take a position. So the reason that I'm mentioning this is because we should see this push back in the next few days or weeks if it is indeed an overreaction.
Ok, the fifth stock that has consistently been going up is Twink, which is this. This is Hostess, which is the brand that makes the Twinkie I like the fact that they use Twinkie in their take a name, but that's not enough to take a position sadly. Anyways, Twinkie has been consistently making higher highs and has been up trending on the year. but this is a different, a lot different of an uptrend than the previous two now.
I Want you to take a moment and decide for yourself exactly the difference between this uptrend and the other up trends I Showed you with the first four stocks. We're going to take about five seconds I Want you to look at the price action and compare it from what you remember with the previous four stocks just so that you can kind of get these patterns kind of drilled into your head. Well, I Hope you got it. But the biggest difference is the SMA line is not acting as support, rather it's within the middle and the price action is crossing back and forth over it.
Now, a large reason for this is because the share price increase is less with this overall, so the SMA line adjusts with the price action a lot closer. What we are seeing is this consistent movement above the positive momentum line on the MACD. Now, if these sorts of stocks, what you're going to want to look for is a dip back to the fair value range or lower on the RSI, but also a sustained momentum on the MACD. What this means is that we are going to want to see the MACD stay above this purple line, which indicates that it has positive momentum as always.
Make sure to do all of your own research and join our zip trader circle Facebook group if you have any questions for me or the other zip traders. It's a great place to ask anything that you want and you get a lot of feedback from the other members of our community. so if you're interested in that I put a link in the description below. I Also usually pin a comment with the link to that group, but as always, don't forget to hit that like button and also subscribe for more short, sweet and simplified videos on how to trade the stock market. I'll see you guys in the next video.
Can you explain how the stock works when you buy an amount if say 100 shares , do you lose the stock and the money ?
$TWNK is literally following the market. You'd see that pattern with most stocks in the market between December and Janurary.
Thanks Charlie
Great analogy however I've learn from many penny stock traders not to trade stocks with low volume, I mean at least 1-2 million shares in volume, obviously everybody set their scanners to their likings but low volume regardless of any analogy could be very dangerous, any input on that thought ? thanks
i want to follow you on insta
I have around 300 dollars, realistically speaking how can i make a week.
Im a first timer. I sub last night. Looking forward to learn this trade.
Great video thanks bro 👍
This was very short sweet and simplified
What do you think of ARQL ?
Hey man what happend with bpth today? Why would a company announce reverse split and an offering on the same day? Dead cat bounce coming?
bioc 80% TOADY
AXGN is looking very promising that it just started a reversal and on the year chart RSI at 31
I like these type of videos.
What do you think about the Grubhub and Wix stock?
ALT bounced back off 2.93 was that support ? Thanks for the video do more plz
Very helpful, please do more watchlist videos because it helps to learn with current events
Do you have a stocktwits account?
Your vídeos are really good so far, but now this type of vídeo with those tips and explanation is just AMAZING!!! Not only very good for understanding but extremely helpful specially for beginners.
Congrats 👏🏽👏🏽👏🏽👏🏽👏🏽