


A Rare “Roof Pattern” in NJR Sets Up for a Tricky Swing Trade
A Roof pattern is a relatively new formation that was discovered by technical and author Thomas Bulkowski in 2005. New Jersey Resources Corp (NJR), a company in the natural gas industry, gave swing traders a glimpse of this pattern, and with it, an opportunity to...
How to Use the Moving Average Ribbon
ZYTrade Editor: Here’s a neat way to visually plot a proxy for short-term and long-term market sentiment. What is a Moving Average Ribbon? Moving average ribbons are a series of moving averages (MA) of different lengths that are plotted on the same chart to...
Swing Trading: Netflix Broadening Bottom Breaks Toward the Upside
We covered this late last month. The breakout is now toward the upside, a historical rate of 65% in meeting its upper bound objective (though not necessarily 100% of the profit target, more like 75%). Long-term sentiment appears to be sideways (see GMMA) though...
Swing Trading: Nextera Energy Broke to the Upside in Symmetrical Triangle Formation
The question now is which percentage of a profit target might match the Nextera Energy’s (NEE) upside move in anticipation of its coming earnings report. One classic way to trade a symmetrical triangle upon a bullish breakout is to calculate the difference between...
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