This weekend is the perfect weekend to review the HIVE equity on TD AmeriTrade Thinkorswim platform. I'm looking at the data this Sunday-night, September 4, 2022. The review is based on the analytics I use to intra-trade in the open equities market.
As of the close on Friday - September 2, 2022 - the 200 Simple Moving Average is at price-point 4.87$..which is also a first 'go short' level.
I use the Camarilla Pivots created by Nick Scott, to enter and exit the market. If you know the equation please share your experience using this method. I'd love to know what stocks you found this calculation useful.
Here is a link to the calculator I use for each and on every trade: https://jaimelemonde359865192.wpcomstaging.com/calculator/
In my experience this calculator is the best!
Lets continue the analytics:
Go Long is 4.94
Target 1 - pull profits - our pull first 50% profits aka rolling profits: 5.01
Target 2: - pull profits - pull last 50% profits aka rolling profits: 5.07
As we can see from the chart the pricing has broke the second camarilla pivot and on Friday September 02, 2022 the second camarilla pivot was almost hit for the third time. The rule of thumb is - If the stock breaks the second Camarilla Pivot twice consecutively on the third rise it will be the BreakOut at which profits will be earned!!!!
The last indicator will be to watch the pre-market volume, and if the pre-market volume is above 100k then waiting for the shake out in the first 20minutes from 'open' will reveal our opportunity to enter the market.
Ladies remember have patience keep your plan and do not divert from your calculations and see you at the bell!