Tell us a little bit about yourself and or your trading experience

[SOL]

Hi, All, I thought I should finally make my intro after being here for a while.

Mid-50s solo dad to two young men, living in northern Virginia. I have been an investor since I was a pre-teen, and bought my first stock, Savin (the copy machine maker) by walking in to a stock broker's office in my hometown of Madison, Wisconsin, accompanied by my mom. Savin was not a great investment, but in the years since I have made mostly smart decisions. In 2020 I made a renewed commitment to active investments, mainly through my Roth account. Did well that year, using Motley Fool for guidance. In the past few months I have been consolidating my moves almost entirely through TI's various services. I finally felt knowledgeable enough to do options, and joined Trend Blazer.

The past year has been such a learning experience, both in terms of investments and in the place money holds in my life. Like Sol, I place huge energy in building my health, as that truly is the most important thing I can manage. Very glad to be here!--JC

If you value your health then you are already a Wise man. Any person willing to learn is far smarter than a person that loves to use the label master or expert. Welcome aboard.

[SOL]

@ RMSLSP


First of all, it’s admirable that you are willing to share so many details about your life and your trading experience. The most important thing to remember is that at the Tactical Investor we view Failure as the stepping stone to success provided you learn from your mistakes. Hence never give up, just make sure you take a different approach.

When it comes to investing 90% of the experts don’t know what they are talking about, they make money from selling the crap they would never invest in. 99% of financial newspapers are worth less than toilet paper, so read them to get a contrarian perspective on what is going.

One newspaper that is not bad is investors business daily, but don’t go running to sign up for it, you can get most of the information for free by going to their website. And focus on the fact that I said not bad instead of good.

For Technical analysis the solution is simple. Find tools that resonate with you. You don’t need to read any books on TA, because most of them are full of rubbish. Instead, look for patterns and when it comes to the setting’s just play around with the figures until you can see some sort of pattern. The simplest and most effective pattern to look for is oversold and overbought patterns on the long term monthly charts. After you understand that well, you can move to use indicators like linear regression or Keltner channels. Don’t worry if you don’t understand what these other two indicators do for now.

Spend more time understanding how MP works and there is a large section on our website with lots of books on Mass Psychology. The best book to start with is Aesop’s fables. Understand the meaning behind the stories and you will be miles ahead of most investors.


I am going to look at some stocks she mentioned here. Feel free to chime in. In fact, it will help if you guys do chime in

Inseego Monthly chart



It is trading in the neutral ranges on the monthly chart and extremely oversold ranges on the weekly chart. If it can close above 10.50 on a monthly basis it has a good chance of 14.50 to 15.50 ranges. Right now it looks like it is setting up for a test of the 11.40 to 12.30 ranges.

Kingsoft cloud Weekly Chart



Not enough data for a monthly chart. Moving to the oversold ranges. It could build a base here and then rally or test the 30 to 33 ranges before moving higher. A monthly close above 45.00 should pave the way for a test of the 53.10 to 55 ranges with a possible overshoot to the 60.00 to 63 ranges.


Jumia Weekly chart






Not enough data on the monthly charts so I am posting a weekly chart. It looks extremely oversold here. It appears to be building energy to trend higher. A monthly close above 33.00 should allow it to test the 45 ranges.


The other stocks she is interested in getting your opinions are on


Invitae
Teladoc
Array technologies
XPEV
Ionis pharmaceuticals
Relay therapeutics
Sunpower corp

[stefk]

Hello to all! I'm new to tactical investor (2 months only) but I’m really glad I joined so decided to do my 1st post.

I'm a female, 27 years old, from Portugal, Europe.

Bom dia da Belgica, a minha mulher e portugesa do Alentejo.

[RMSLSP]

Hello to all! I'm new to tactical investor (2 months only) but I’m really glad I joined so decided to do my 1st post.

I'm a female, 27 years old, from Portugal, Europe.

Bom dia da Belgica, a minha mulher e portugesa do Alentejo.

Boa tarde de Portugal, muito bem, é preciso coragem para emigrar e deixar este país, parabéns e felicidades!

[RMSLSP]

@ RMSLSP


First of all, it’s admirable that you are willing to share so many details about your life and your trading experience. The most important thing to remember is that at the Tactical Investor we view Failure as the stepping stone to success provided you learn from your mistakes. Hence never give up, just make sure you take a different approach.

When it comes to investing 90% of the experts don’t know what they are talking about, they make money from selling the crap they would never invest in. 99% of financial newspapers are worth less than toilet paper, so read them to get a contrarian perspective on what is going.

One newspaper that is not bad is investors business daily, but don’t go running to sign up for it, you can get most of the information for free by going to their website. And focus on the fact that I said not bad instead of good.

For Technical analysis the solution is simple. Find tools that resonate with you. You don’t need to read any books on TA, because most of them are full of rubbish. Instead, look for patterns and when it comes to the setting’s just play around with the figures until you can see some sort of pattern. The simplest and most effective pattern to look for is oversold and overbought patterns on the long term monthly charts. After you understand that well, you can move to use indicators like linear regression or Keltner channels. Don’t worry if you don’t understand what these other two indicators do for now.

Spend more time understanding how MP works and there is a large section on our website with lots of books on Mass Psychology. The best book to start with is Aesop’s fables. Understand the meaning behind the stories and you will be miles ahead of most investors.


I am going to look at some stocks she mentioned here. Feel free to chime in. In fact, it will help if you guys do chime in

Inseego Monthly chart



It is trading in the neutral ranges on the monthly chart and extremely oversold ranges on the weekly chart. If it can close above 10.50 on a monthly basis it has a good chance of 14.50 to 15.50 ranges. Right now it looks like it is setting up for a test of the 11.40 to 12.30 ranges.

Kingsoft cloud Weekly Chart



Not enough data for a monthly chart. Moving to the oversold ranges. It could build a base here and then rally or test the 30 to 33 ranges before moving higher. A monthly close above 45.00 should pave the way for a test of the 53.10 to 55 ranges with a possible overshoot to the 60.00 to 63 ranges.


Jumia Weekly chart






Not enough data on the monthly charts so I am posting a weekly chart. It looks extremely oversold here. It appears to be building energy to trend higher. A monthly close above 33.00 should allow it to test the 45 ranges.


The other stocks she is interested in getting your opinions are on


Invitae
Teladoc
Array technologies
XPEV
Ionis pharmaceuticals
Relay therapeutics
Sunpower corp

Thank you very much once again Sol!

[RMSLSP]

@ RMSLSP


First of all, it’s admirable that you are willing to share so many details about your life and your trading experience. The most important thing to remember is that at the Tactical Investor we view Failure as the stepping stone to success provided you learn from your mistakes. Hence never give up, just make sure you take a different approach.

When it comes to investing 90% of the experts don’t know what they are talking about, they make money from selling the crap they would never invest in. 99% of financial newspapers are worth less than toilet paper, so read them to get a contrarian perspective on what is going.

One newspaper that is not bad is investors business daily, but don’t go running to sign up for it, you can get most of the information for free by going to their website. And focus on the fact that I said not bad instead of good.

For Technical analysis the solution is simple. Find tools that resonate with you. You don’t need to read any books on TA, because most of them are full of rubbish. Instead, look for patterns and when it comes to the setting’s just play around with the figures until you can see some sort of pattern. The simplest and most effective pattern to look for is oversold and overbought patterns on the long term monthly charts. After you understand that well, you can move to use indicators like linear regression or Keltner channels. Don’t worry if you don’t understand what these other two indicators do for now.

Spend more time understanding how MP works and there is a large section on our website with lots of books on Mass Psychology. The best book to start with is Aesop’s fables. Understand the meaning behind the stories and you will be miles ahead of most investors.


I am going to look at some stocks she mentioned here. Feel free to chime in. In fact, it will help if you guys do chime in

Inseego Monthly chart



It is trading in the neutral ranges on the monthly chart and extremely oversold ranges on the weekly chart. If it can close above 10.50 on a monthly basis it has a good chance of 14.50 to 15.50 ranges. Right now it looks like it is setting up for a test of the 11.40 to 12.30 ranges.

Kingsoft cloud Weekly Chart



Not enough data for a monthly chart. Moving to the oversold ranges. It could build a base here and then rally or test the 30 to 33 ranges before moving higher. A monthly close above 45.00 should pave the way for a test of the 53.10 to 55 ranges with a possible overshoot to the 60.00 to 63 ranges.


Jumia Weekly chart






Not enough data on the monthly charts so I am posting a weekly chart. It looks extremely oversold here. It appears to be building energy to trend higher. A monthly close above 33.00 should allow it to test the 45 ranges.


The other stocks she is interested in getting your opinions are on


Invitae
Teladoc
Array technologies
XPEV
Ionis pharmaceuticals
Relay therapeutics
Sunpower corp

Thank you very much once again Sol!

[RMSLSP]

Welcome Rita!

My wife and I have visited your wonderful country and hope to do so again soon. There is a lot to learn, but the first thing is patience. Just follow Sol's guidelines and do not worry. The forex effort is secondary but as you are living in Euroland I understand how that may impact your needs, much like the many Canadians following this service.

Continued good luck and health!

Hello, good to hear that! Don´t hesitate to ask me for tips when you come again, or anything else I can help!

[jlhooter]

@ RMSLSP


First of all, it’s admirable that you are willing to share so many details about your life and your trading experience. The most important thing to remember is that at the Tactical Investor we view Failure as the stepping stone to success provided you learn from your mistakes. Hence never give up, just make sure you take a different approach.

When it comes to investing 90% of the experts don’t know what they are talking about, they make money from selling the crap they would never invest in. 99% of financial newspapers are worth less than toilet paper, so read them to get a contrarian perspective on what is going.

One newspaper that is not bad is investors business daily, but don’t go running to sign up for it, you can get most of the information for free by going to their website. And focus on the fact that I said not bad instead of good.

For Technical analysis the solution is simple. Find tools that resonate with you. You don’t need to read any books on TA, because most of them are full of rubbish. Instead, look for patterns and when it comes to the setting’s just play around with the figures until you can see some sort of pattern. The simplest and most effective pattern to look for is oversold and overbought patterns on the long term monthly charts. After you understand that well, you can move to use indicators like linear regression or Keltner channels. Don’t worry if you don’t understand what these other two indicators do for now.

Spend more time understanding how MP works and there is a large section on our website with lots of books on Mass Psychology. The best book to start with is Aesop’s fables. Understand the meaning behind the stories and you will be miles ahead of most investors.


I am going to look at some stocks she mentioned here. Feel free to chime in. In fact, it will help if you guys do chime in

Inseego Monthly chart



It is trading in the neutral ranges on the monthly chart and extremely oversold ranges on the weekly chart. If it can close above 10.50 on a monthly basis it has a good chance of 14.50 to 15.50 ranges. Right now it looks like it is setting up for a test of the 11.40 to 12.30 ranges.

Kingsoft cloud Weekly Chart



Not enough data for a monthly chart. Moving to the oversold ranges. It could build a base here and then rally or test the 30 to 33 ranges before moving higher. A monthly close above 45.00 should pave the way for a test of the 53.10 to 55 ranges with a possible overshoot to the 60.00 to 63 ranges.


Jumia Weekly chart






Not enough data on the monthly charts so I am posting a weekly chart. It looks extremely oversold here. It appears to be building energy to trend higher. A monthly close above 33.00 should allow it to test the 45 ranges.


The other stocks she is interested in getting your opinions are on


Invitae
Teladoc
Array technologies
XPEV
Ionis pharmaceuticals
Relay therapeutics
Sunpower corp

So I have only looked at this 'trading stuff' for about 5 months, so don't laugh!!
Looking at Invitae
- The monthly charts show that this stock is overbought, but I don't like the available data to make any decisions based on this perspective alone
- The weekly charts show highly oversold. Volume, RSI (I used DoubleSmoothedStochastic overlaid on RSI) and SlowRSI) and MACDs (I use TRIX overlaid on MACD) have backed the significant drop in price
- MACDs don't appear to be making a bullish cross-over, so I would expect the stock to break down through $25.00 especially if the volume continues negative.
- A significant pos. volume in June 2020 (open $22) was a catalyst to drive the price up and the price remained strong through Feb 2021 bouncing between $40-$60
- I would consider something in the $20-$23 range. This is purely based on TA alone, so you should consider if the stock is worth it for the long run or consider getting in/out within a year or so.

BUT WHAT DO I KNOW??

[SOL]

So I have only looked at this 'trading stuff' for about 5 months, so don't laugh!!
Looking at Invitae
- The monthly charts show that this stock is overbought, but I don't like the available data to make any decisions based on this perspective alone
- The weekly charts show highly oversold. Volume, RSI (I used DoubleSmoothedStochastic overlaid on RSI) and SlowRSI) and MACDs (I use TRIX overlaid on MACD) have backed the significant drop in price
- MACDs don't appear to be making a bullish cross-over, so I would expect the stock to break down through $25.00 especially if the volume continues negative.
- A significant pos. volume in June 2020 (open $22) was a catalyst to drive the price up and the price remained strong through Feb 2021 bouncing between $40-$60
- I would consider something in the $20-$23 range. This is purely based on TA alone, so you should consider if the stock is worth it for the long run or consider getting in/out within a year or so.

BUT WHAT DO I KNOW??

First of all only fools laugh at those that are trying to learn . When it comes to TA it's an Art and overall your analysis is not bad on Invitae (NVTA)

I think this can be seen as a good exercise for those that are learning TA or looking to polish their skills.

Monthly chart NVTA




The RSI is trading in the extremely overbought ranges, the MACD's in the overbought ranges on the monthly charts. On the weekly charts, it is trading in the insanely oversold ranges so some sort of bounce should be expected. Though it could drop to the 23.50 to 24.90 ranges, a layer of strong support before bouncing up. If it can close above 30 on a weekly basis it has a fairly decent shot of testing the 36.00 ranges with a possible overshoot to 39.00. This is not a stock we would get into just because it is trading in the overbought ranges, so if we had mistakenly opened a position in this stock, we would be looking to sell into strength

Now don't be shy guys, give it a shot. I will chime in also. Let's move to the next stock on the list. As they say, nothing ventured nothing gained. In order to learn you have to be willing to acknowledge that you could be wrong from the get-go. Fear of making a mistake will virtually guarantee that you make 10X more. We learn from trying and learning by default ensures that we will make mistakes along the way, the point is not to focus on the mistake but to focus on the fact that you are not afraid to make one


Remaining stocks to look at

Teladoc
Array technologies
XPEV
Ionis pharmaceuticals
Relay therapeutics
Sunpower corp

[jlhooter]

Sol thanks for the follow up; the lesson was very helpful.

I fully understand the monthly chart perspective and will heed your training on this, but how do you make a decision on a stock that has insignificant data from a monthly perspective (eg recent IPO in last year or so)? Based on your approach I lean away from these and say to myself to let them have more time to settle and get over the hype, but are there opportunities for these low-data stocks? I see the answer is yes based on SPCE, but maybe you can elaborate on SPCE?

[stefk]

https://www.zonebourse.com/cours/action ... raphiques/#

on daily chart, first time in the history of this stock, we see a strong positive divergence.

https://www.zonebourse.com/cours/action ... raphiques/#

on weekly, first time in the history of this stock, we see it is extremely oversold

https://www.zonebourse.com/cours/action ... raphiques/#

Monthly, still in overbought zone.

I would wait the price to touch the support at 140$, to play short term till 200$.

[jlhooter]

https://www.zonebourse.com/cours/action ... raphiques/#

on daily chart, first time in the history of this stock, we see a strong positive divergence.

https://www.zonebourse.com/cours/action ... raphiques/#

on weekly, first time in the history of this stock, we see it is extremely oversold

https://www.zonebourse.com/cours/action ... raphiques/#

Monthly, still in overbought zone.

I would wait the price to touch the support at 140$, to play short term till 200$.

Stefk, when you say "positive divergence" is this between the SMA(100) and price?

[stefk]

https://bigcharts.marketwatch.com/advch ... e&state=11

price from march till may was down, in the same time MACD was up, RSI was not down. It is positive divergence

[stefk]

how is it possible to share a chart on the forum?

[jlhooter]

how is it possible to share a chart on the forum?

I am sure there are other ways, but I right clicked on the image of choice, did Save Image As and saved it to a file.
I went to my file location, and below I clicked-dragged the file to this text box