US STOCK WATCHLIST 15 JULY 2020 · pivot spring strategy: ... please research any security / stock very carefully before making your investment decision. no content is meant as a

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US STOCK WATCHLIST

15 JULY 2020

Featured Stocks Today

LONGS

SIGN OF STRENGTH BREAKOUT BARS:

FMC CORP (UPDATE)

CAMECO CORP

AVANTOR (UPDATE)

BACKING UP REVERSAL BREAKOUT BARS:

-

PIVOT SPRING STRATEGY:

FORTINET INCORPORATED (UPDATE)

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PLEASE RESEARCH ANY SECURITY / STOCK VERY CAREFULLY BEFORE MAKING YOUR INVESTMENT DECISION. NO CONTENT IS MEANT AS A BUY OR SELL RECOMMENDATION OF ANY KIND, IT IS FOR INFORMATIONAL & EDUCATIONAL PURPOSES ONLY.INVESTING IS RISKY & YOU COULD LOSE ALL YOUR CAPITAL & MORE.

SHORTS

FAILED BREAKOUTS:

PRINCIPIA BIOPHARMA

CLIMATIC TOP:

-

US STOCK WATCHLIST


STOCKS NEAREST ENTRY POINTS

LONGS

SIGN OF STRENGTH BREAKOUT BARS (SoSBB):

CCJ / FMC / RBC / AVTR / CTLT / RH / VIRT / ISRG / SPCE

BACKING UP REVERSAL BREAKOUT BARS (BURBB):

MRNA

PIVOT SPRING STRATEGY (PSS):

FTNT

SHORTS

FAILED BREAKOUTS:

PRNB

CLIMATIC TOP:

-


FMC potentially forming a large Wyckoff Wave Pattern and I’m targeting a SoSBB that displays bullish characteristics and closes above the $108.77 line of least resistance. Note the synchronicity between increased effort (volume) and result to (wide price spread) – this is bullish behaviour.

Note period of relatively price tight consolidation, bullish behaviour should breakout follow.




CCJ breaking out today and meeting the SoSBB criteria. Note what happens for the entirety of the structure and also at the particular moment in time. From left to right price volatility and supply remains low followed by a synchronicity between effort and result at the breakout. Note also the strength of the close on the SoSBB, right on the high of the day, what is the dominant force here – supply or demand? Furthermore, note how successful the PSS strategy was for this Wyckoff re-accumulation structure. Isn’t it great to have a process that focuses on repeatable entry points you can deliberately practice by doing bar-by-bar analysis to improve your skills. I’m expecting a continuation of the uptrend and will look to enter a new position if a BURBB opportunity occurs.




AVTR knocking on the door of breaking out from a large Wyckoff Wave Pattern. Note from left to right how price volatility has decreased and on the most recent pullback the very low supply. This is followed by an increase in effort and demand on the final two candlesticks. I am targeting a bullish SoSBB that closes above the $19.32 line of least resistance.

Very low supply

Significant demand tail indicates demand is becoming the dominant force as the Composite Operator (CO) absorbs weak hands who capitulate. The reversal is confirmed the following day.

Price volatility decreasing as price consolidates under resistance, bullish behaviour.




FTNT potentially developing a Wyckoff re-accumulation structure. Overall the characteristics are bullish, including decreasing levels of price volatility and supply from left to right. Furthermore, note the synchronicity between increased effort and result on the final candlestick as price approaches the $149.69 line of least resistance. I am targeting a SoSBB displaying bullish characteristics on a close above the line of least resistance.

Shakeout demand tail as a Secondary Test (ST) in Phase B.

THIS IS THE SLIDE & ANALYSIS FOR FTNT FROM 8 JULY 2020, PLEASE SEE THE NEXT SLIDE FOR THE UPDATE.


Continuing my fractal geometry ramblings for FTNT, note what happens the day after the 8 July 2020 report. In particular, focus on the inter-relatedness between price and volume and what we can deduce about market participant behaviour – specifically, is supply or demand the dominant force? Note the high relative volume on this day yet the small Real Body and failure to close above the $149.99 line of least resistance. Therefore, effort has increased yet the result is bearish. Think in terms of Effort vs Result. Obviously supply is hidden behind this bar and the price over the next two candlesticks confirms this bearish behaviour. Remember the cause and effect relationship. Supply became the dominant force at the failed breakout. The subsequent swift price move back to the bottom of the trading range was the effect. Note the final candlestick, an increase in effort yet diminishing downwards result in the context of a possible spring. I’m targeting a PSS entry using $128.31 as my support level.

Shakeout demand tail as a Secondary Test (ST) in Phase B.

8 July Report


PRNB displaying the characteristics today of an Upthrust Action (UTA) instead of a Sign of Strength Breakout Bar (SoSBB). Why? Because look at the inter-relatedness between price and volume. Note the large increase in volume and the supply shoot as price intra-day broke out above the $75.65 line of least resistance but closed around $74. What does this tell you about the force of supply and demand, which is stronger at this critical moment in time? Clearly, supply is stronger otherwise price would of closed towards the high of the day. I’m looking to short on the downwards reversal candlestick.

Note what happens after previous supply shoot as price attempted to overcome the Secondary Test (ST) resistance. What happens at the particular in fractal geometry, and trading, is very, very important.


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PLEASE RESEARCH ANY SECURITY / STOCK VERY CAREFULLY BEFORE MAKING YOUR INVESTMENT DECISION. NO CONTENT IS MEANT AS A BUY OR SELL RECOMMENDATION OF ANY KIND, IT IS FOR INFORMATIONAL & EDUCATIONAL PURPOSES ONLY.INVESTING IS RISKY & YOU COULD LOSE ALL YOUR CAPITAL & MORE.

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US STOCK WATCHLIST 15 JULY 2020 · pivot spring strategy: ... please research any security / stock very carefully before making your investment decision. no content is meant as a