Came up on my intra-day linear regression scanner (> .4 Linear regression + down > -10% past 20 days). Linear regression less than .4 basically represents a straight line during past 8 trading days (could be either direction) - basically meaning, small or large impulse move in opposite direction is pretty necessary lol. Just based off the placement of both 20 & 45 EMA, something was up. Most (buyable) dips come with a cross-below 55 (low) MA. 20 & 45 EMA tend to cross below at a time close enough together to the point you don't see a gap between all 3 (where yellow is below white, green is above white) - I saw this with $CMD. Lost a kidney with that one trying to BTD, surprisingly, the pattern alignment is pretty straight forward except for the downfall. Still pretty early in the down-trend though, so it's tough to give a more clear cut direction based on only the moving averages. Will definitely have to check back after the impulse move runs its course (although, may / may not be much of a move at all). Original up-trend was one of my favorites - "KAATTTIEEEE" lol. Typically occurs right before the start of one last hell of a fucking bull run, but maybe 70% of the time marks an end to it. Few differences, few similarities, but overall same general idea as my $ABBV post. Just a comparison of what a potential (temporary) move back up would be like if chart is in fact correct.
Trade closed: target reached:
Dis waz nyce