BLOOBERRY
Long

41 Hour Candles to Break-Even or Dick Us Around Again.

NASDAQ:PLCM   POLYCOM INC
29 0 3
7 months ago
This is a follow up chart from earlier last week. This time I will not be entering this position, only to make 2 predictions based on previous experiences. I noticed two, 41x 1 hour bars worths of price action before a break-even or better. One spike instance is anomaly. Two occurrences is a coincidence. The expected third could be a pattern.

Based on the chart, I plotted 2 outcomes.
1. Green: The end of day price action on the 04/21 due to expected earnings and analysts reports, results in a positive outcome over the 41 bars. It will test the $12.40 resistance and very likely break it and surge beyond before retracing, but ultimately end positive from T+1h bar.
2. Magenta: Despite positive fundamentals or catalysts, price action sells off or hedge funds sell off, as a result dicking the independent trader for another week in the slumps. This will likely drop off to the lower support levels and test $11.95 and dance at $12.05 +- 0.10c for the remainder of the 41 bars, before retracing back up the monthly trend line (in blue).

Overall, I would project a break even or +-.10c from the $12.37 close today.
7 months ago
Comment: So far it is favoring Magenta. Dickish.
7 months ago
Comment: Tracking within target, but it appears to have trouble breaking $12.37 to .38. Magenta.
7 months ago
Comment: 6 more bars. 6 hours of trading on Friday, 04/29/16. If it does not break resistance, it can be safely established that this will trade beta neutral for the next week; $11.95 lower bounds support.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out