One of my favorite chart patterns is the wedge. There are 2 basic types of wedges. And one of them is a Falling Wedge or a Bull Wedge. FallingWedgeStockCharts.com Definition The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone…
KEWLTECH: Issue 003 – Distribution
DistributionStockCharts.com Definition The systematic selling of a security without significantly affecting the price. After an advance, a stock may start forming a top and trade sideways for an extended period. While this top forms, a security’s shares may experience distribution as well-informed traders or investors seek to unload positions. A quiet distribution period is usually…
KEWLTECH: Issue 002 – Accumulation
AccumulationStockCharts.com Definition The act of buying more shares of a security without causing the price to increase significantly. After a decline, a stock may start to base and trade sideways for an extended period. While this base builds, well-informed traders and investors may seek to establish or increase existing long positions. In that case, the…
KEWLTECH: Issue 001 – Cycles
Kewltech is going circle of life thing. Que the music Elton! NOT! As you can see, I really only use 2 oscillators. I used to use RS Wilder but essentially it took too much chart space and became obsolete. Well, not obsolete, but redundant. What are oscillators used for?Generally, they are momentum indicators. They also…
KEWLTECH: Happy New Year
The Big Boys are coming back. The holidays brought some nice pops and ended with a nice drop. News have been laying it on thick and if you’re not prepared then get prepared. Look for the true trend and don’t get caught. Consolidation does 2 things. 1. It produces a strong support/resistance within the range…
KEWLTECH: It is so bullish!!! I want to buy everything?!
Wow I am so excited this is rallying on really substantial volume? We could go all the way!!!?? I think we may have something here? My cup is half full or half empty? Analyst say 1200 by February?! Conditions are great!! We are on a tear!! Consumers consumed this Christmas and Avatar is knocking boots!!…
KEWLTECH: Dawg Pattern
An attempt to amuse me self. 😀