It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind. Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
This is a 4 hour chart of the QQQ and it shows both the bullish and bearish side of the argument. I have a bias to the bear side due to bearish divergence on the weekly chart and also the head and shoulder pattern. However, the bullish argument is that we have an inverse head and shoulder pattern ( green) opposing the Bears, and also the fact that we are still in...
As i have labeled in the chart, AAPL has broken out of its triangle formation and is pushing higher to the next SupDem level. It's important to note that this is a MINOR supdem level and that it has already been tested once already on 2013-12-05, so the chance of it bouncing off that zone AFTER breaking out of a triangle pattern is very slim. I am predicting...
AAPL has hit a home run with the 4 key elements seen on chart. Due to the 700 level in 2012 that is the target it could easily get there by the June 2 split date. After the split there will be a great deal of shares and could drop after the split. Depends on many factors..I will sell prior to split and look to re-enter after if makes sense. See my earlier post...
AAPL bullish pattern overthrown by incoming selling climax, or how an hanging bullish pattern can hide a mega bearish one, or how shit your pants in a low odd event, well you get the idea. I think we will see a lot of unforeseen breaks lower despite of bullish looking charts, bigger patterns/market shifts in play influencing the markets just being careful here....
Many erroneously believe that market targets cannot be known until a stock has been trading for a specified period of time. As our clients are well aware, we identify the relevant targets very early in the trading cycle, sometimes even before the first 15 min of trading on the date of the IPO. How is this possible? Contrary to what many are taught , the ...
Our original analysis stated in part: "Taken by itself, the technical pattern on the chart is a classic bottom with a follow through support at the first real pullback. Many unexpected huge moves have resulted from this pattern over the years. A factor in NOK's favor on the long side is the price action at the LT Swing Long entry range. It has been very...