Pattern not valid under long entry level
There are no rising wedges in the yearly chart.
All time high is 42.27 and there is resistance overhead. Whenever a stock has pulled back to this level, although way above low of 6.06 (Wish I had seen this then..oh well) There will most likely be supply overhead who will sell at rallies up so road up may take longer. I guess some folks only buy at highs so as not to fight resistance. Although what does up must come down, is the law of gravity, so resisitance always forms eventually.
Support under handle low and under gap in handle at 24.50ish
NV and OBV are high.
I saw this on chartmill as it had large effective volume today and a pocket pivot/SO did MSGE and CORN..just FYI. MSGE also had large effective volume yesterday as well and CORN has shown up on that filter almost daily for the last week. These are large players and do not always pick fantastic entries so be safe..
A pocket pivot is a Price/Volumepattern. Price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution.
Just an observation and not a recommendation..
The handle seems to be trading in a rectagle pattern.
JELD-WEN Holding, Inc. designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows. It also provides other ancillary products and services, such as shower enclosures and wardrobes, moldings, trim boards, lumber, cutstocks, glass, staircases, hardware and locks, cabinets, and screens, as well as molded door skins, and miscellaneous installation and other services. The company markets its products under the JELD-WEN brand; and various regional brands, such as Swedoor, DANA, Corinthian, Stegbar, and Trend. Its customers include wholesale distributors and retailers, as well as individual contractors and consumers. The company was founded in 1960 and is headquartered in Charlotte, North Carolina.
There are no rising wedges in the yearly chart.
All time high is 42.27 and there is resistance overhead. Whenever a stock has pulled back to this level, although way above low of 6.06 (Wish I had seen this then..oh well) There will most likely be supply overhead who will sell at rallies up so road up may take longer. I guess some folks only buy at highs so as not to fight resistance. Although what does up must come down, is the law of gravity, so resisitance always forms eventually.
Support under handle low and under gap in handle at 24.50ish
NV and OBV are high.
I saw this on chartmill as it had large effective volume today and a pocket pivot/SO did MSGE and CORN..just FYI. MSGE also had large effective volume yesterday as well and CORN has shown up on that filter almost daily for the last week. These are large players and do not always pick fantastic entries so be safe..
A pocket pivot is a Price/Volumepattern. Price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution.
Just an observation and not a recommendation..
The handle seems to be trading in a rectagle pattern.
JELD-WEN Holding, Inc. designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows. It also provides other ancillary products and services, such as shower enclosures and wardrobes, moldings, trim boards, lumber, cutstocks, glass, staircases, hardware and locks, cabinets, and screens, as well as molded door skins, and miscellaneous installation and other services. The company markets its products under the JELD-WEN brand; and various regional brands, such as Swedoor, DANA, Corinthian, Stegbar, and Trend. Its customers include wholesale distributors and retailers, as well as individual contractors and consumers. The company was founded in 1960 and is headquartered in Charlotte, North Carolina.