Using Technical Analysis to Find a Profitable Buy Point
by Randall Ashbourne
When we know a stock has some good
transits coming up over the next few months – or belongs to
a sector where it can be expected to rise because of the impact
of mundane Jupiter or Saturn, according to the principles laid out
in Kaye Shinker’s Textbook
for Financial Astrology– we can use technical
analysis to help find a profitable Buy point.
The safest, and potentially most profitable, buy-in
points are when the stock’s price is just beginning to bounce
upwards from a trend line, or support line.
With that in mind, let’s take a look at Del
Monte Foods Co (NYSE:DLM)
– one of the stocks suggested for inclusion in Astrological
Investing’s Virtual Stock Club.
We will look first at the stock’s
weekly chart to try to get an idea of where it is within its own
cycles. Normally, we would use the monthly chart, but as a relatively
young listing DLM doesn’t have enough monthly history behind
it to prove helpful. (Click
here to download a PDF file of all charts)*
All the monthly chart is telling us is that the
stock has been range-bound for quite some time.
But, even just a quick glance at the weekly chart
tells us that we’re looking at a potential profit-spinner.
DLM is starting to bounce not just from a support line, but also
from a long-term trend line. And we’re getting a clear signal
of positive divergence from the CCI indicator.
We’ll zoom in for a closer
We can see quite clearly now that the CCI does not
agree with the price declines of the past few months – and
that the MACD line is starting to show signs of turning back up.
So, not only do we know the stock price is rebounding
from an intersection of a trend and support line … and that
our technical indicators are telling us it is oversold and are pointing
towards a resurgence … but we also know the astrological climate
is for a period of expansion and easy growth directly ahead.
The next step is take a look at the stock’s
And now we’re getting even clearer indications
that, technically speaking, DLM is getting ready for a potential
It is breaking free from the downtrend channel it
has been locked in – and the positive divergence on the CCI
and MACD, which have been making higher lows, while the price has
continued to hit lower lows, becomes even more obvious.
Technically, we are getting definite Buy signals
… and from a significant low point in the stock’s historic
Randall Ashbourne is a former journalist and political
strategist with Uranus almost exactly conjunct his Ascendant.
His life has been full of sudden shifts. He came to Astrology
in the early 1990s after waking up one morning in the middle of
a MidLife Crisis, a phenomenon in which he didn't actually believe.
Trying to get to the bottom of what was happening - he has
Mercury in Scorpio - he consulted an astrologer ... and became hooked.
A decade later, as both transiting Saturn and his Progressed
Moon were descending through his 12th House towards a conjunction
with Uranus, and with transiting Jupiter conjuncting his first house
Pluto, life changed dramatically once again. Realising that with
his natal chart ruler, the Moon, his natal Sun ruler, Jupiter, and
Saturn all now lined up for an extended sojourn in the "obscure"
sector of his personal roadmap, he began casting around for something
to do far away from a more public life. Consulting his chart
and pondering a natal Mercury trine Uranus, as well as Saturn in
Scorpio, he decided he really ought to be able to trade the stock
market. And started using his knowledge of astrology to do
exactly that. Along the way, he discovered that astrology
didn't answer all his questions about the stock market's gyrations
and began delving deeply into technical analysis, getting buried
under a pile of Gann plans and getting strung out on Fibonacci sequences.
But, while those studies satisfied the cravings of his Scorpio
Mercury, they also ran counter to the basic needs of his Gemini
Jupiter - that "knowledge" should be widespread and expressed
in a way that's easy to understand. In truth, Randall is in
love with all his personal planetary placements - and he'd need
to be after undergoing a major Pluto transit to every other planet
in his chart, most of them conjunctions! He refers to his Virgo
Moon chart ruler as "Miss Prissy" and to his Gemini Jupiter
as "the Fat Boy who won't shut up".
*Charts created using Quick
Harmonic Trader Software, by P.A.S. Astro-Soft, Inc. makers
of Galactic Investor Astrology software.
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by AstrologicalInvesting.com and Randall Ashbourne. Unless otherwise
noted, written material and graphics may not be reproduced without
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