Price is below the triangle.
Doji of indecision today and a spinning top yesterday.
Earnings miss for QCOM and not only was it at the resistance line of the triangle when the drop took place, price was also at the upper trendline of a channel down so perhaps a double whammy.
It is getting harder and harder to draw trendlines as the channels down are aging somewhat.
I see 2 channels but you may see it differently.
I drew the trendlines on a weekly time frame.
No recommendation.
Strong stock but in a bad place )o:
I have noted as of late, that when price breaks down from a symmetrical triangle, it is often a deep break.
Doji of indecision today and a spinning top yesterday.
Earnings miss for QCOM and not only was it at the resistance line of the triangle when the drop took place, price was also at the upper trendline of a channel down so perhaps a double whammy.
It is getting harder and harder to draw trendlines as the channels down are aging somewhat.
I see 2 channels but you may see it differently.
I drew the trendlines on a weekly time frame.
No recommendation.
Strong stock but in a bad place )o:
I have noted as of late, that when price breaks down from a symmetrical triangle, it is often a deep break.
Comment:
Triple top/Price is now below a short lived rectangle. I am watching this one as it is a keeper at the right price for my portfolio.
Comment:
I hear this blonde headed chick talk about fundamentals on CNBC continuously. She has it down pat and can quote every PE ratio in the universe as well future, past and present earnings! I do not know her name but she looks 50 or 60ish and says "5, 6, 7, times future earnings" a lot.
Does it matter if the sector or the market is not moving???
1-2-23/engulfing/bearish )o:
Securities can have fantastic fundamentals. Where do these gr8 fundamentals get me if the sector is not moving in my direction? My answer is nowhere.
I suppose there are fundamental analysts and technical analysts and I guess it is not unusual for the 2 to disagree. I look at fundamentals, but the actual chart drives my decision,
I am not saying either is right or wrong. I am just saying we are all different and that is what makes the world go round (o:
Does it matter if the sector or the market is not moving???
1-2-23/engulfing/bearish )o:
Securities can have fantastic fundamentals. Where do these gr8 fundamentals get me if the sector is not moving in my direction? My answer is nowhere.
I suppose there are fundamental analysts and technical analysts and I guess it is not unusual for the 2 to disagree. I look at fundamentals, but the actual chart drives my decision,
I am not saying either is right or wrong. I am just saying we are all different and that is what makes the world go round (o:
Comment:
Her name is Stephanie. I just heard it/lol