Earnings May 10th puts it right on the fringe of 2 weeks away territory.
I have done a lot of other analysis techniques here, so if you are looking to generate your own novel position ideas, you should probably go through it slowly just to untangle so it makes sense to you.
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the Fibonacci I am putting on the larger time frame, because those are supposed to have more relevance.
The black horizontal lines function as past, and therefore, present price control.
I would like to own this stock very much, but momentum has only gone from down to sideways. Once it has gone from sideways to up we will participate.
This is because once a stock is sideways it can go either way equally likely (for the most part). So now we just wait and if it continues up we want to find a way to go with it.
I have done a lot of other analysis techniques here, so if you are looking to generate your own novel position ideas, you should probably go through it slowly just to untangle so it makes sense to you.
----
the Fibonacci I am putting on the larger time frame, because those are supposed to have more relevance.
The black horizontal lines function as past, and therefore, present price control.
I would like to own this stock very much, but momentum has only gone from down to sideways. Once it has gone from sideways to up we will participate.
This is because once a stock is sideways it can go either way equally likely (for the most part). So now we just wait and if it continues up we want to find a way to go with it.