Not to long entry level yet. Long entry level is a level that is suggested to enter and most patterns are not valid until price reaches this level. Yes, I have entered early, like at the handle low, or I may already be in the stock when the pattern forms. It can save you money sometimes to wait for this level as sometimes a security never reaches it in the near future. Sometimes the computers or algorithms are programmed to buy when price hits a certain level which can be very helpful. A security can hit a downtrend or just hang out doing nothing for what can feel like eons, except tying up your cash. And sometimes a security can break long entry level on to suffer a throwback like BRKS did. It is best to re-evaluate when a security throws back, perhaps wait for a pull back (which is different from a throwback) and evaluate whether entry still seems lucrative.
Throwback noted (price broke long entry level only to return beneath it in a short amount of time). A throwback can hurt performance and is different from a pull back which is healthy. Throwbacks can cause pullbacks but not vice versa (o:
Flag Perhaps. Time will tell. If it the flag/pull back/gets too long, scratch the flag (o:
IF handles holds, it has been tested twice.
Earnings are 11-4. Short is 2.08% and negative volume is high. RSI 71.29 today.
Cup patterns are calculated using the depth of the cup. Cup low is 76.01 and depth is 32.71. Mid cup which is also a support level along with the handle low (HL) is 92.35.
No recommendation.
Long entry level is a level that is suggested to enter and most patterns are not valid until price reaches this level. Yes, I have entered early, like at the handle low, or I may already be in the stock when the pattern forms. It can save you money sometimes to wait for this level as sometimes a security never reaches it in the near future. Sometimes the computers or algorithms are programmed to buy when price hits a certain level which can be very helpful. A security can hit a downtrend or just hang out doing nothing for what can feel like eons, except tying up your cash. And sometimes a security can break long entry level on to suffer a throwback like BRKS did. It is best to re-evaluate when a security throws back, perhaps wait for a pull back (which is different from a throwback) and evaluate whether entry still seems lucrative.
Throwback noted (price broke long entry level only to return beneath it in a short amount of time). A throwback can hurt performance and is different from a pull back which is healthy. Throwbacks can cause pullbacks but not vice versa (o:
Flag Perhaps. Time will tell. If it the flag/pull back/gets too long, scratch the flag (o:
IF handles holds, it has been tested twice.
Earnings are 11-4. Short is 2.08% and negative volume is high. RSI 71.29 today.
Cup patterns are calculated using the depth of the cup. Cup low is 76.01 and depth is 32.71. Mid cup which is also a support level along with the handle low (HL) is 92.35.
No recommendation.
Long entry level is a level that is suggested to enter and most patterns are not valid until price reaches this level. Yes, I have entered early, like at the handle low, or I may already be in the stock when the pattern forms. It can save you money sometimes to wait for this level as sometimes a security never reaches it in the near future. Sometimes the computers or algorithms are programmed to buy when price hits a certain level which can be very helpful. A security can hit a downtrend or just hang out doing nothing for what can feel like eons, except tying up your cash. And sometimes a security can break long entry level on to suffer a throwback like BRKS did. It is best to re-evaluate when a security throws back, perhaps wait for a pull back (which is different from a throwback) and evaluate whether entry still seems lucrative.