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DayTrading Report- brought to you By Tipsonhand.com - 500660 [ GLAXOPHARMA ], GLAXOSMITHKLINE PHARMACEUTICALS LTD. - Daytrading report for 09/16/2016 |
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DAYTRADING SOFTWARE NOW AVAILABLE, DOWNLOAD NOW DAY TRADE REPORT FOR GLAXOSMITH For 16 September 2016--------INDEX-------- 1. Opening & General Trading Call, Last trading prices 2. Trade Alert 3. When to Sell? 4. When to Buy? 5. When to Stop Loss? 6. How to calculate Day Trade Range? 7. How to Find Intraday Sentiment? 8. Past few weeks/Days Trend/High/Low/Average Report 9. Disclaimer Abbreviations: RNK: Rank, STR: Strength, SEN: Sentiment,H: High, L: Low, HLD: High-low Difference EX: Extreme, LT: Little, BL: Bullish, BR: Bearish, N: Neutral, SUP: Support, RES: Resistance ----------1. Opening & General Trading Call, Last trading prices--------- OPENING DAY TRADE SENTIMENT for 16 September 2016: LITTLE UPWARD [3] [ NEUTRAL ARROUND 2970.27 ] TRADING CALL for 16 September 2016: Buy in weakness, Partial Sell on Rally (book some profit) LAST TRADING SHOWS: Short Covering (Volume: SOMEWHAT) ------------7. HOW TO FIND INTRADAY SENTIMENT?------------ MINDNMONEY INTRADAY SENTIMENT INDEX ESTIMATOR: [Index range: -9 to 9] You need to calculate from INTRADAY MOST RECENT CYCLE (IMRC) (Not INTRADAY/DAY HIGH/LOW) Need to recalculate, when Cycle,Trend changes and/or every 1 hour to find the sentiment at that time. Start with 0, 1] If IMRC High is more than : 2865.58 than add 1 Otherwise add -1. 2] If IMRC High is more than 2977.16 than add 1 Otherwise add -1. 3] If IMRC High is more than 3138.72 than add 1 Otherwise add -1. 4] If IMRC LOW is more than 2880.07 than add 1 Otherwise add -1. 5] If IMRC LOW is more than 2945.45 than add 1 Otherwise add -1. 6] If IMRC LOW is more than 2981.49 than add 1 Otherwise add -1. 7] If IMRC or DAY AVERAGE is more than 2866.20 than add 1 Otherwise add -1. 8] If IMRC or DAY AVERAGE is more than 2956.21 than add 1 Otherwise add -1. 9] If IMRC or DAY AVERAGE is more than 3037.13 than add 1 Otherwise add -1. Conclusion: If result is greater than 2 than Upward Move Possible, greater than 5 than More Upward Move Possible If result is between -2 & 2 than Upward/Downward - Bothside Move Possible If result is less than -2 than Downward Move Possible, less than -5 More Downward Move Possible -------------8. Last few weeks/days trend report-------------- Overall Trend from last few weeks (approx): PRICE TREND: NEUTRAL [1] DAILY HIGH: NEUTRAL [1] DAILY LOW: NEUTRAL [0] DAILY AVERAGE: NEUTRAL [-1] Last few days trend (approx): PRICE TREND: NEUTRAL [0] DAILY HIGH: NEUTRAL [-1] DAILY LOW: LITTLE DOWNWARD [-4] DAILY AVERAGE: LITTLE DOWNWARD [-3] ------------9. Disclaimer------------- This is a personal view or an opinion. Please study fundamentals of the script before investing. Market sentiment, news and announcement can change the trading behaviour. |
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