This came to me in meditation, and this is a good thing, usually. The chart is ugly with no great trend, but this is what I'm given. I do technicals and then a "reading" with my pendulum and cards. What I'm seeing: - weekly timing just counting bars, and it appears to be in a weekly timing window. - 200 EMA at $83.42, 50 week MA $82.45, weekly ATR trailing stop just above there and Symmetry support at $81.76 - I like the zig zag pattern down. - The "reading" indicates we expect to dip below last week's low ($83.62) and reverse. I feel good about the message and the way it lines up with the technicals. I'm looking for a 5% gain this week ($86.55 from entry) and then I'm out. - Entry ~ $82.43 near 50% retracement - Stop is a daily close below $81.76 (sym. support)
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I don't think this reaches my entry, so I would go long today (2/19) with a stop at $83.45
You know I love your work!!! On this one (and I am not looking at the stock, just your post) are you bullish or bearish? As noted; the 50MA is below the 200MA and there is support at the ATR level of ~$82, but there is a zig zag pattern down. So, we expect a dip down and a bounce? Before more down? Or is this the end and a move higher is expected? As a reader, I just want to say what I see. I never looked at this stock, but if you are real to your clients then add detail. I love your work! But , please show them like you show me! make sure to say daily setup vs. weekly or a 3 month range. This post was missing that and with everything keep posting!!! It is good work!