Ok, let's face it... Oct-Dec 2018 was terrible for the global economy -- virtually all stocks were down... let's just consider year-to-date...
Previously, likely Double Top formation leading to decline. REPEAT?
IF considering THE "ultra-bullish parallel channel" (UBPC, ideal for all irrational growth plans)... this would break through to negative side, down to $83 support -- as suggested in all of my other charts, then rebound back to $110+ within a month or so... ER coming up, possible buy-out, growing international business and verifiable positives! This seems quite likely!
This is as simple as it gets when it comes to analyzing a stock's recent movement... not too technical, just visual observation... but sometimes, you need this macro-like perspective to gain clarity! Combine this chart's concept with the 2Y chart... the MACD is about to take a hit there ... that is a bit too technical for some bulls to handle, but it's always helpful to be able to flip sides when trading, and not be too emotionally attached to your SYMBOLs...
Best of luck to all traders!
*FOR NON-PROFESSIONALS*
The "ultra-bullish parallel channel" (UBPC) is the jar with too many cookies... however, just because I mock it for being unsustainable in the long-term, it may temporarily prove successful for many popular growth stocks... That said, each growth stock needs to find homeostasis every now and then to balance itself out for the true gains... You don't typically lose 50 lbs in a month and expect to stay there -- it takes time to make the true gains. ROKU is about to shed off 20 lbs this month, which is still a bit fast -- and it will keep eating the movie theater popcorn until it bounces back up 100 lbs from where it started ;)
Previously, likely Double Top formation leading to decline. REPEAT?
IF considering THE "ultra-bullish parallel channel" (UBPC, ideal for all irrational growth plans)... this would break through to negative side, down to $83 support -- as suggested in all of my other charts, then rebound back to $110+ within a month or so... ER coming up, possible buy-out, growing international business and verifiable positives! This seems quite likely!
This is as simple as it gets when it comes to analyzing a stock's recent movement... not too technical, just visual observation... but sometimes, you need this macro-like perspective to gain clarity! Combine this chart's concept with the 2Y chart... the MACD is about to take a hit there ... that is a bit too technical for some bulls to handle, but it's always helpful to be able to flip sides when trading, and not be too emotionally attached to your SYMBOLs...
Best of luck to all traders!
*FOR NON-PROFESSIONALS*
The "ultra-bullish parallel channel" (UBPC) is the jar with too many cookies... however, just because I mock it for being unsustainable in the long-term, it may temporarily prove successful for many popular growth stocks... That said, each growth stock needs to find homeostasis every now and then to balance itself out for the true gains... You don't typically lose 50 lbs in a month and expect to stay there -- it takes time to make the true gains. ROKU is about to shed off 20 lbs this month, which is still a bit fast -- and it will keep eating the movie theater popcorn until it bounces back up 100 lbs from where it started ;)