Earnings 5-5 After Market Close
TTGT is struggling on it's attempt to get back it's momentum it displayed on it's first trip up, but is inching upward. Negative volume (indicator under RSI) is high which shows interest. The Negative Volume Index (NVI) is a cumulative indicator, developed by Paul Dysart in the 1930s, that uses the change in volume to decide when the smart money is active. The NVI assumes that smart money will produce moves in price that require less volume than the rest of the investment crowd.
Possibly parabolic on it's first trip to the top, but has pulled back to below the .618 fib level. Many arcs pull back between the .5 to .618 fib levels, but .786 is also a popular destination. I have seen a few arcs pull only to the .382, but in the scheme of things, you really do not know if they are truly finished pulling back yet. Some pull back to the bottom or even further than where the pattern began.
If you look on weekly timeframe, and a security seems to go up in a straight line with few or no pull backs, you may be looking at a parabolic arc.
No recommendation
Bearish belt hold:
has a shaven top, meaning it has no upper shadow; if it does have an upper shadow, it must be very minuscule in nature
The share price should close at or near the lows of the trading session
Most Bearish Belt Hold candlesticks have red colored real bodies, however in certain instances it can also have a green colored real body.
Candles usually signal short term trend changes, but at times they can help with entry and exits.
Today, so far there is a bearish harami, which may tell some traders to wait for possibly a better long entry level. A bearish harami consists of a green candle, followed by a red candle that is inside the body of the first candle. So far today, the red candle is a doji. This would be called a harami star since right this second it is a doji. If a red candle grows bigger than the green candle preceding, it could become a bearish engulfing candle. The red candle essentially engulfs the body of the preceding grend candle. There are also bullish harami and engulfing candles.
It looks like for today, the price is being rejected at the top of the prior green candle. The bulls and the bears are battling here. This can change quickly though.
TTGT is struggling on it's attempt to get back it's momentum it displayed on it's first trip up, but is inching upward. Negative volume (indicator under RSI) is high which shows interest. The Negative Volume Index (NVI) is a cumulative indicator, developed by Paul Dysart in the 1930s, that uses the change in volume to decide when the smart money is active. The NVI assumes that smart money will produce moves in price that require less volume than the rest of the investment crowd.
Possibly parabolic on it's first trip to the top, but has pulled back to below the .618 fib level. Many arcs pull back between the .5 to .618 fib levels, but .786 is also a popular destination. I have seen a few arcs pull only to the .382, but in the scheme of things, you really do not know if they are truly finished pulling back yet. Some pull back to the bottom or even further than where the pattern began.
If you look on weekly timeframe, and a security seems to go up in a straight line with few or no pull backs, you may be looking at a parabolic arc.
No recommendation
Bearish belt hold:
has a shaven top, meaning it has no upper shadow; if it does have an upper shadow, it must be very minuscule in nature
The share price should close at or near the lows of the trading session
Most Bearish Belt Hold candlesticks have red colored real bodies, however in certain instances it can also have a green colored real body.
Candles usually signal short term trend changes, but at times they can help with entry and exits.
Today, so far there is a bearish harami, which may tell some traders to wait for possibly a better long entry level. A bearish harami consists of a green candle, followed by a red candle that is inside the body of the first candle. So far today, the red candle is a doji. This would be called a harami star since right this second it is a doji. If a red candle grows bigger than the green candle preceding, it could become a bearish engulfing candle. The red candle essentially engulfs the body of the preceding grend candle. There are also bullish harami and engulfing candles.
It looks like for today, the price is being rejected at the top of the prior green candle. The bulls and the bears are battling here. This can change quickly though.
Comment:
sorry for the mis=spelled words..lol..but hope I was clear in the end..lol