Gap under price
Symmetrical triangles can go either way, this one looks to have chosen up
Earnings are around the corner and even if a stock beats, it can go down. There is also a gap at 53.84 under price
I see closest S at 52.85 and 48.97 then at 46ish
Earnings next week.
BRKS was in a bearish rising wedge and pierced bottom trendline at 52.10ish
Looks to have recovered after a pullback to 42.4ish
All time high is 65.13 which would possible for a huge monthly C&H pattern that is impossible to draw on here/Long entry for that pattern would be 65.23.
If they do not mess up at earnings, and full targets of S Triangle are reached, that would put that over long entry level for the monthly cup an handle pattern
There is another RW with bottom trendline at 45.68ish. Perhaps the fall from the other RW encompassed both of them. Rising wedges are often bearish and can be long term patterns
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
Always do your won research
Nothing in the market is written in glass (o: and it is always easier to see through the rear view mirror (o:
Brooks Automation, Inc. provides automation and cryogenic solutions worldwide. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers wafer automation and contamination controls solutions and services. Its products include atmospheric and vacuum robots, robotic modules, and tool automation systems that offer precision handling and clean wafer environments; and automated cleaning and inspection systems for wafer carriers, reticle pod cleaners, and stockers. This segment also offers repair, diagnostic, and installation services, as well as spare parts and productivity enhancement upgrade services. The Brooks Life Science Systems segment provides automated cold storage systems; consumables, including various formats of racks, tubes, caps, plates, and foils; and instruments used for labeling, bar coding, capping, de-capping, auditing, sealing, peeling, and piercing tubes and plates. It also provides sample management services, such as on-site and off-site sample storage, cold chain logistics, sample transport and collection relocation, bio-processing solutions, disaster recovery, and business continuity, as well as project management and consulting. In addition, this segment offers sample intelligence software solutions and customer technology integration; laboratory work flow scheduling for life science tools and instrument work cells, sample inventory and logistics, environmental and temperature monitoring, and clinical trial and consent management, as well as planning, data management, virtualization, and visualization services; and gene sequencing analysis and synthesis services. The company serves the semiconductor capital equipment and life sciences sample management markets in approximately 50 countries. Brooks Automation, Inc. was founded in 1978 and is headquartered in Chelmsford, Massachusetts.
Symmetrical triangles can go either way, this one looks to have chosen up
Earnings are around the corner and even if a stock beats, it can go down. There is also a gap at 53.84 under price
I see closest S at 52.85 and 48.97 then at 46ish
Earnings next week.
BRKS was in a bearish rising wedge and pierced bottom trendline at 52.10ish
Looks to have recovered after a pullback to 42.4ish
All time high is 65.13 which would possible for a huge monthly C&H pattern that is impossible to draw on here/Long entry for that pattern would be 65.23.
If they do not mess up at earnings, and full targets of S Triangle are reached, that would put that over long entry level for the monthly cup an handle pattern
There is another RW with bottom trendline at 45.68ish. Perhaps the fall from the other RW encompassed both of them. Rising wedges are often bearish and can be long term patterns
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
Always do your won research
Nothing in the market is written in glass (o: and it is always easier to see through the rear view mirror (o:
Brooks Automation, Inc. provides automation and cryogenic solutions worldwide. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers wafer automation and contamination controls solutions and services. Its products include atmospheric and vacuum robots, robotic modules, and tool automation systems that offer precision handling and clean wafer environments; and automated cleaning and inspection systems for wafer carriers, reticle pod cleaners, and stockers. This segment also offers repair, diagnostic, and installation services, as well as spare parts and productivity enhancement upgrade services. The Brooks Life Science Systems segment provides automated cold storage systems; consumables, including various formats of racks, tubes, caps, plates, and foils; and instruments used for labeling, bar coding, capping, de-capping, auditing, sealing, peeling, and piercing tubes and plates. It also provides sample management services, such as on-site and off-site sample storage, cold chain logistics, sample transport and collection relocation, bio-processing solutions, disaster recovery, and business continuity, as well as project management and consulting. In addition, this segment offers sample intelligence software solutions and customer technology integration; laboratory work flow scheduling for life science tools and instrument work cells, sample inventory and logistics, environmental and temperature monitoring, and clinical trial and consent management, as well as planning, data management, virtualization, and visualization services; and gene sequencing analysis and synthesis services. The company serves the semiconductor capital equipment and life sciences sample management markets in approximately 50 countries. Brooks Automation, Inc. was founded in 1978 and is headquartered in Chelmsford, Massachusetts.
Comment:
Correction/ATH (all time high) is 91.88..20 year high is 65.13