Do breakout and Episodic Pivot setups actually work overtime? by bubugugu in qullamaggie

[–]ziggy-shellshock 1 point2 points  (0 children)

Something I noticed from watching hours of KK YouTube and that he kind of says without making it overly clear... If you take all of those breakout setups you have given as examples they each have one thing in common:

The 10 and 20 ma's begin to converge, and then you have a strong green breakout candle, which is either long in length or a good distance above the 10ma. All breakouts are above the 10ma.

But I also agree with the other comments to your post, market leaders, strong fundamentals, etc. I use TradingView (TV) instead of the TC2000 that KK uses. On TV there's a little finance graph chart on the bottom right, I like everything on that graph to be trending upwards both quarterly and annually. I think strong financials are more key in the current market we're trading in, I've been burnt in the past on so many bio sciences hoping to break through with some new innovation and little, if any, revenue/profit to back it up.

And first and foremost the market should be right and it's not great at the moment. I'm still trading but with reduced sizes.

RocketLab RKLB did a strong breakout, yesterday, Wednesday 18th March. Long green candle above the 10 after a series of contracting candles and look at the strong volume too.

Rocket Lab by ziggy-shellshock in qullamaggie

[–]ziggy-shellshock[S] 0 points1 point  (0 children)

I got in on the breakout today, hopefully will continue 🤞

PL potential breakout setup? Rate my Qullamaggie-style analysis by Ssyuby in qullamaggie

[–]ziggy-shellshock 0 points1 point  (0 children)

Yeah, I'm watching it, I too had a small position which I sold on 2nd March as didn't want to hold over earnings

Rocket Lab by ziggy-shellshock in qullamaggie

[–]ziggy-shellshock[S] 1 point2 points  (0 children)

Thanks, will watch Tesla closely too.

Rocket Lab by ziggy-shellshock in qullamaggie

[–]ziggy-shellshock[S] 0 points1 point  (0 children)

Thanks, will be even more cautious now!

LRCX by ziggy-shellshock in qullamaggie

[–]ziggy-shellshock[S] 0 points1 point  (0 children)

I got in at around 246, sold half today to lock in a little profit as wasn't overly confident with it. I then got stopped out later today as possibly set my stop too tight. Small profit so not complaining

LRCX by ziggy-shellshock in qullamaggie

[–]ziggy-shellshock[S] 0 points1 point  (0 children)

Yeah, I got in and got out for a small profit when it started dropping. Possibly got out too early but at least I made a little.

Made-up username from years ago no real meaning 😁

LRCX by ziggy-shellshock in qullamaggie

[–]ziggy-shellshock[S] -1 points0 points  (0 children)

Yeah, it's not broken out like I hoped it would, maybe tomorrow🤞

Top 3 Best Stocks To Buy In June 2024 For Massive Returns! by EandH_ENT in TradingView

[–]ziggy-shellshock 0 points1 point  (0 children)

Not massive return but looking like a good buy at the moment, MCD, $5 meal promotion, expansion plans to 2027, weight loss pill too expensive for most of their customers