It looks like the top of the prior gap up is causing resistance for the last few trading days.
The bottom of a gap can also cause resistance but price was able to penetrate the bottom of this gap for a gap fill.
Possible M pattern forming but too soon to tell.
The 50 DMA is not looking super perky and price should be above this moving average and not below it. The 200 appears somewhat flat after a golden cross a while back (the 50 crossed up and through the 200 DMA)
No recommendation
Weekly Timeframe = Bat/price reached the .886 and turned down.
52 Week Range
101.81
313.80
Day Range
228.18
238.92
EPS (FWD)
3.45
PE (FWD)
68.74
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.89%
Market Cap
$749.45B
Volume
88,539,884
The bottom of a gap can also cause resistance but price was able to penetrate the bottom of this gap for a gap fill.
Possible M pattern forming but too soon to tell.
The 50 DMA is not looking super perky and price should be above this moving average and not below it. The 200 appears somewhat flat after a golden cross a while back (the 50 crossed up and through the 200 DMA)
No recommendation
Weekly Timeframe = Bat/price reached the .886 and turned down.
52 Week Range
101.81
313.80
Day Range
228.18
238.92
EPS (FWD)
3.45
PE (FWD)
68.74
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.89%
Market Cap
$749.45B
Volume
88,539,884
Comment:
Correction/Shark not a Bat as peak 2 is higher than peak 1
Comment:
9/8
Possible Bear Flag
Possible Bear Flag