Price Arcs

I noticed this stock's prices are paying attention to an invisible arc.

How does this happen?


In the image, can click image to expand the image.

Notice the bottom arc and their associated low prices.

Like magic.


In this example, I'd expect price to make a round arc trip to $24 after increasing.


Upper purple line represents the arc peak.

Other purple lines represent previous lows along the arc.


The Fibonacci percentage lines are from the arc starting point to the arc peak.

-------------------

https://imgur.com/YRj3lrg

-------------------

Image showing a time spiral (Golden Ratio?) applied to price:

https://www.timesymmetry.com/user/cimage/October-27th.gif

While looking at the image, as time progresses, price gets further away or vice-versa.

Like looking through a tunnel when a person almost dies and then comes back to life.


With the OP image, you can see a similar linear curve with Bitcoin.

In the OP pic, you can see the bump on the arc under $50 per share.

Since I posted the image, she formed a bullish inverted head and shoulders formation.


Price traded over $80 just a little while ago but expected to go higher.

From $50 to $80 is 60%, but the long dated call options I bought are up about 3 times that.

I'm showing 182% for me so far, but I think she's going to pop.


So I'm hanging on for further news.

About 4 months hold so far for 182%.


The short percentage is a little less than 10%. :)

Bitcoin is a good example:


Can click on image to expand the image.

This is a monthly chart.

https://imgur.com/oCjzopc

Quote: DoubleGold

https://imgur.com/YRj3lrg

AAP has missed on earnings four quarters in a row. Cash flow is falling. Operating margin is -3.27%, and the payout ratio is 400%. That company is losing money.

The stock is up 15% YTD for no reason at all.

Some insider purchases. Perhaps think the Fed will lower interest rates in June. Unlikely now, with inflation picking up once again.

Quote: Tanko

AAP has missed on earnings four quarters in a row. Cash flow is falling. Operating margin is -3.27%, and the payout ratio is 400%. That company is losing money.

The stock is up 15% YTD for no reason at all.

Some insider purchases. Perhaps think the Fed will lower interest rates in June. Unlikely now, with inflation picking up once again.

They loaded the board with a famous hedge fund, plus they're getting ready to dump an asset.

It's a buyout target because the business is suffering.

AZO is taking names.

A good way to get a bargain (check the bullish inverted H & S).



For example, META.

Huge miss in the recent past messing with the Metaverse (LOL) and folks couldn't wait to sell. :)

Low was $88 and exploded to $530 in about 1.5 years.

My kind of play.



I buy when folks are selling out of desperation.

And long puts when folks are euphoric.

But I start light and increase position when she moves against me.

If my timing is exactly correct, I won't buy more.



EDIT:

This link explains it:

https://www.cnbc.com/2024/04/13/how-third-point-and-saddle-point-may-help-boost-margins-at-advance-auto-parts.html