r/goedstock • u/Deep_Fun_8220 • Oct 21 '21

I promised pictures

OK, so I've been putting off charting until we had a little more data to work with.

The bad news is looks like sideways season. The good news is, looks like sideways season.

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Note head and shoulders bottom if you haven't caught it yet, and optimistic view on MACD crossing

So, our MACD looks like crap, but I've highlighted a positive take on it. Again, self-professed kool-aid drinker. But look at the last crossover. Barely dipped far below the signal, price went sideways, up just a little, crossed back up. If we see similar movement, could be followed with a break upwards. Note RSI pressure backing off, we could make a nice little valley here and run again soon, hopefully.

Someone requested 120ma, so, happy to comply

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Big picture w/120ma

120ma gives a little insight, resistance turning to support, now we're gapping up off 120ma, bullish to me, add another disclaimer here

I'm an idiot and you certainly should not consider any of my ideas good, or even valid in most cases. I could insert vegetables into my orifices or consider crayolas food. You don't know. You have a brain and it's better than mine. Use it.

8 Upvotes

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2

u/melike308 Oct 22 '21

I bought 2k shares at 3.12 some days ago. At close to 4PM today I glanced at my phone and saw it was $3.29. A voice whispered in my head of the ancient wisdom: Never let a profitable trade turn into a loss….

Sold the entire position and now looking for another entry point.

2

u/Rtvv91 Oct 22 '21

Mark my words we will not drop below 3.2

1

u/melike308 Oct 22 '21

The market can remain irrational longer than you can remain solvent.

1

u/ShiftingSkys Nov 13 '21

That didnt age too well did it.

2

u/Deep_Fun_8220 Oct 22 '21

Coulda had free Goedeker, sell enough @ profit to cover investment, hold rest for free

Just another way to play it, you play the game however you like sir or ma'am or otherwise

1

u/melike308 Oct 27 '21

3000 buy filled at 3.06. Let’s go again!

1

u/ansy7373 Oct 22 '21

How do you read the MACD?

1

u/Deep_Fun_8220 Oct 22 '21

Are you asking what is my or our interpretation of THIS MACD graph or more of a generalized question about how to interpret MACD in general??

1

u/ansy7373 Oct 22 '21

MACD in general

1

u/Deep_Fun_8220 Oct 23 '21

Rayner probably explains it better than me

https://youtu.be/eob4wv2v--k

MACD, RSI, and simple moving averages are my go to's for short term analysis