Estimated Earnings 2-24 AMC..
TNDM is trying hard to push through the resistance of the neckline which is at 98.70..Once it gets through that with a bullish candle or an uptrend, then could be a good trade as these patterns are fairly reliable. The neckline would become support..
This one can be volatile..just in case you have never traded it (o:
R overhead as with any stock that has come down this much in price..folks who feel they got stuck up there will be unloading on rallies etc...try to ignore them cos maybe they learned a lesson not to get in at the very top (o: Not really, I hate it when I've done that! Sux Rox.. We have all probably been there and done that! Seems they go down way faster than they go up!!
1 year and 3 year high is 123.74..The targets I listed do not put you there, but there will be R lurking around that level if it gets there..
Head - 84.56
LS - 88.25
RS - 88.90
Possible stop under RS or to get a bit closer possible under 93.75..
Pattern not valid until neckline is broken but TNDM gave it a shot on Friday and was up 4.18 at close..may have a few folks taking profit if they bought this at the bottom..Looks like it may pull back a tad..
Not a recommendation..
Seems like this market has a lot of head and shoulder tops and Inverse head and shoulder patterns right now..There are also an awful lot of parabolic patterns out there..so be safe and keep your money close to your heart (o:
TNDM is trying hard to push through the resistance of the neckline which is at 98.70..Once it gets through that with a bullish candle or an uptrend, then could be a good trade as these patterns are fairly reliable. The neckline would become support..
This one can be volatile..just in case you have never traded it (o:
R overhead as with any stock that has come down this much in price..folks who feel they got stuck up there will be unloading on rallies etc...try to ignore them cos maybe they learned a lesson not to get in at the very top (o: Not really, I hate it when I've done that! Sux Rox.. We have all probably been there and done that! Seems they go down way faster than they go up!!
1 year and 3 year high is 123.74..The targets I listed do not put you there, but there will be R lurking around that level if it gets there..
Head - 84.56
LS - 88.25
RS - 88.90
Possible stop under RS or to get a bit closer possible under 93.75..
Pattern not valid until neckline is broken but TNDM gave it a shot on Friday and was up 4.18 at close..may have a few folks taking profit if they bought this at the bottom..Looks like it may pull back a tad..
Not a recommendation..
Seems like this market has a lot of head and shoulder tops and Inverse head and shoulder patterns right now..There are also an awful lot of parabolic patterns out there..so be safe and keep your money close to your heart (o: