From the headlines today, "Deal with China’s #1 Theme Park and Children’s Media Company Brings Thousands of Hours of Top-Rated Programming to American Audiences."
High risk and high reward play. Currently at support. Also, the bottom indicators has red bars; It typically means that there is a lot of pressure above and below (from all sides) on the price. The price remains pressurized this way until people give up. When people give up, they take down their limit orders and do market order exit. After this, the price goes up.
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The green circle is what I am referring to when I say "red bars"
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on KODK, although this was an extreme case where the duration of the red bars were longer.
Very interesting analysis. Can you explain the indicators that represent the price pressure? Have never seen it represented in this way. Looking to learn more about it. Thanks!
ZombieStar
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@grxgkmice5, When price is positioned within this pattern, the indicator will turn red. It is a classic breakout pattern.
It usually results with this; but it can breakout the opposite direction as well.