Buying based on tech indictors and patterns

Oraclefusions

Junior member
47 3
I have filtered the following stocks from weekly interval and going to buy 100 units for each stock and sold it within next week for the delta(depends on each stock range). I would appreciate if you guys advise if my analysis is correct in going for long on these stocks.
I mean to say I have but only these patterns and indicators available in my chartng software whether to buy or not. Am I missig something here?
Ofcourse I reserached each stock in terms of comparing the daily, weekly and stocks (except for the one stock for which i opened another thread).
Tomorrow is next week starting so I would like to place buy order tomorrow at the start of market.
Please let me know any other tech indictors you guys use and i will check in my charts software to plot it.
I did not use MACD bec i find it lagging way high.

1120
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The week ends on White Marubozu in a down trend which is bullish.
RSI shows that it is coming from below(oversold) to buy zone-bullish
Price Rate of change confirms the buying pressure at the week end
MACD is way laggin so am not gonna use it.
Chaikin indicating above zero means accumulation.

The daily chart shows some sort of correction or consolidation and hint at rev change?
http://www.picstation.net/pictures/7e38da9c4a9e165ad47c76e0435bc677.png

7e38da9c4a9e165ad47c76e0435bc677.png


http://www.picstation.net/pictures/a7a8b7398e70686af87a9744bc08b5d6.png

a7a8b7398e70686af87a9744bc08b5d6.png


2060
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The uptrend already started for past three weeks, however it is still strong, and all indicators are suggesting the middle of bullish trend?
http://www.picstation.net/pictures/270fc5775ef27863d178b39ac08acae7.png
270fc5775ef27863d178b39ac08acae7.png

http://www.picstation.net/pictures/850fea7c33d0e4aa88cfaa01637c80e1.png
850fea7c33d0e4aa88cfaa01637c80e1.png


3091
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based on the prev uptrend, it should last a bit longer. There is however a doji after a red(black) candle in weekly.
http://www.picstation.net/pictures/e7889fc3b25e9242f6b954b8a9cf2142.png
e7889fc3b25e9242f6b954b8a9cf2142.png

http://www.picstation.net/pictures/7be27ce5c6870128336113bab8e067dd.png
7be27ce5c6870128336113bab8e067dd.png


4100
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http://www.picstation.net/pictures/211d43d998a627f8217815b5a492c6ca.png
211d43d998a627f8217815b5a492c6ca.png

http://www.picstation.net/pictures/7f30195fad5d3fc5b9e8bab3c0fdc1c7.png
7f30195fad5d3fc5b9e8bab3c0fdc1c7.png


4250
===
http://www.picstation.net/pictures/6bf606dc4fae3753f61ca64b5ba047ff.png
6bf606dc4fae3753f61ca64b5ba047ff.png

http://www.picstation.net/pictures/1573ad4c97ab220c69a38f119609bc89.png
1573ad4c97ab220c69a38f119609bc89.png


8070
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http://www.picstation.net/pictures/0eb25447cf9576d1e035b4fbf46514d8.png
0eb25447cf9576d1e035b4fbf46514d8.png


http://www.picstation.net/pictures/d90026050c3f5af259bb81df94e8bfed.png
d90026050c3f5af259bb81df94e8bfed.png


Cheers
 
M

member275544

0 0
The first 6 look like duffs to me. Why are thinking of buying in downtrends? Was it not this same distrted logic that made you buy ACE?
 

Oraclefusions

Junior member
47 3
I was actually thinking of swing trading, buying when it pulls up for a few and sell based on the prev pattern. I guess you are right. I should find those stocks which in uptrend and buy when it pulls down for a few , yes indeed. What about the remaining?
 
M

member275544

0 0
I was actually thinking of swing trading, buying when it pulls up for a few and sell based on the prev pattern. I guess you are right. I should find those stocks which in uptrend and buy when it pulls down for a few , yes indeed. What about the remaining?

A swing trade is buying dips in an uptrend, and selling rallies in a down. You will just get your fingers burnt trying to do both.
Good luck
 

postal9864

Newbie
1 0
Yes I would stick with the trend for a swing trade, long for up trends, shorts for down trend. Also what has worked for me if you want to buy in a stock that's down trending at least wait for a double bottom to form. IMHO
 
 
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