649bruno
Long

Earnings Vs Chart Patterns: Stillwater Mining-SWC

NYSE:SWC   STILLWATER MNG CO
13 0 4
Update. Six days ago I wrote about the strong technical patterns in-SWC.
Today I alert those interested that-SWC earnings are scheduled to be released 07-29-16.
The question to be answered: Do the strong chart patterns forecast an acceptable earnings release?
On the last earnings release 05-06-16-SWC lost $.08 per share and the stock sold off.
What does this mean to you? The chart pattern shows strong accumulation - So, after the earnings release, does the uptrend continue?
The technicals suggest yes, but the risk is disappointment in what the company discloses in the release.
The buying/ accumulation in-SWC is building. I believe it will have an upside breakout.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is beginning to rise as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is approaching oversold. 7. The top middle indicator is vortex and it is EXCEPTIONALLY strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, at about $12.50. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
My opinion: upside breakout building. Stay long.

I will close with a quote from Alfred E. Neuman: "You can be on the right track and still get hit by a train!".
As always, good luck to you. Don.

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