EL is 467.50
Gap below price.
Possible M pattern forming with peak 2 higher than peak 1 but too soon to know. If true the pattern could take this down a notch or 2.
Folks get nervous closer to earnings and long entry level can be crucial.
There is also in a Symmetrical triangle in this chart and the red resistance line will have to be broken to reach all targets.
Prior Head and Shoulders but price is above the neckline of 469 so the neckline is support for now (targets to the left in orange type for this pattern)
Possible stop under C.
No recommendation.
ABC and target is D.
Earnings 12-8 AMC.
Short interest is low at around 1%.
Price opened (top of red candle) at close of yesterdays candle (top of green candle) but so far today the bulls have been unable to keep price at yesterday's close and at this moment, price is drifting downward.
Gap below price.
Possible M pattern forming with peak 2 higher than peak 1 but too soon to know. If true the pattern could take this down a notch or 2.
Folks get nervous closer to earnings and long entry level can be crucial.
There is also in a Symmetrical triangle in this chart and the red resistance line will have to be broken to reach all targets.
Prior Head and Shoulders but price is above the neckline of 469 so the neckline is support for now (targets to the left in orange type for this pattern)
Possible stop under C.
No recommendation.
ABC and target is D.
Earnings 12-8 AMC.
Short interest is low at around 1%.
Price opened (top of red candle) at close of yesterdays candle (top of green candle) but so far today the bulls have been unable to keep price at yesterday's close and at this moment, price is drifting downward.
Comment:
Fundamental analysis is important but a picture paints a thousand words (o:
Comment:
This is also a symmetrical triangle so the bottom trendline is important (o"
Comment:
At resistance line
Comment:
Is all that glitters gold?