EFA has broken out of symmetrical triangle well before apex indicating very bullish move. Measuring rule implies potential gain of $56.61 or 89% from breakout. MACD also breaking out of downtrend since 2007.
Hammer candlestick on weekly, momentum going negative, might see retrace to 108 above support, but then should recover on good rally to continue pattern.
PT: 22; Volume profile matches bowl or saucer pattern. you can see about half way through formation selling pressure decreases and demand higher. Should move faster now that we are in 25% of pattern completion. Initial PT 18, w/ mid intermediate-trend PT of 22. or a 43.5% increase from 15.33. Enjoy
ACTG on watch completing diamond pattern, breakout out to upside PT $7 , a 57% increase . Due to positive fundamental reasons and positive weekly momentum it has better chance of breaking up.
Very Nice inverted complex HS forming since May, over 70% from breakout for target. Enjoy
Hard to tell what chart is up to, possibly a right-angled broadening formation, but unfortunately we have negative momentum showing on multiple time frames. If .8 breaks looks like it could drop .5-.6
Breakout has been confirmed since closing above 3% of neckline (.291) at .3! Upside potential of 45% and an initial price target of .41 MACD also broke out of downtrend from NOV 2016, so more upside likely than inital target. New positive momementum restarted. Enjoy.
If it closes at greater than 2.5-3% of neckline you can expect a price decrease of $1.00. ( Current Price = 1.3; Top head (2.2) - bottom shoulder neckline(.9) = 1.3 x .74 (constant of percentage of patterns meeting price target.) = 1. Price Target = 0.3
looking promising to improve the daily
MACD signal line about to cross above 0 on daily with at a steep angle.
SRCI forming another right shoulder on Inverse HS.
Inverse and H&S shoulder in play. wait for breakout, both would have large moves. volume profile matches tops better, macd monthly very positive, w/ weekly trending down and daily turning to negative squeeze momo.
Expecting it to break upwards due to better formation and positive direction of MACD and positive squeeze/ momo w/ ~ 41% upside.
I like Tractor Supply Co for long term, but waiting to buy as head and shoulders plays out. To get my short target I used Bulkowski's method, linked here: thepatternsite.com
- Very Attractive at current price, even more so at target price. To get target I used Bulkowski's H&S tops method, here if you want to see thepatternsite.com - Currently undervalued by approximately 30-50% by DCF. - P/E ratio about 42% lower than industry average and 58% less than 5 yr history. - Officially losing Anthem would probably take it to target if not...