BUD trended down in the social media fiasco until June 1st and then reversed.
Based on long term VWAP lines ( mean and standard deviations) anchored to April 1st
on the one hour chart, BUD is crossing over VWAP lines from below and is now
approaching the mean VWAP at 59.25. It could make a bullish move and cross the
mean VWAP or it could bounce down if short...
Scallop pattern has formed on the daily.
It hasn't created the pattern fully and a breakout is important to wait for.
The problem is before the Scallop there was an extended Rectangle pattern with a little range.
This box formation could take place again as companies tend to have their own trading personality.
Until the breakout occurs, it's a risky position...
The technical figure Triangle can be found in the daily chart in the UK company Diageo plc (DGE.l). Diageo plc is a British multinational alcoholic beverage company. It is a major distributor of Scotch whisky and other spirits. Distilleries owned by Diageo, produce 40% of all Scotch whisky with over 24 brands, such as Johnnie Walker, J&B and Vat 69. Its leading...
Waiting for a break above the trendline for a reversal/breakout here. Solid area of value
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United Spirits post its Q4 results has reversed from a bearish Harmonic Crab pattern in daily time frame suggesting retracement till 560-550. The view would negate above 605.
Since Tinley has broken down from a Descending Triangle / Bearish Flag pattern, which outlined in dark red, it appears as though Tinley may have created a Triple Bottom on the RSI.
It looks like an Inverted Head & Shoulders where I have the Blue arrow pointing sideways on the RSI, and at the same time could be a Triple Bottom if there's continued bullish...
Today's move is nice to see everyone, but we're still looking at a lower high on a macro level since Dec 2018.
That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself.
Anyway, a...
Establish long position now and accumulate strongly if shares break above 143.75.
DEO shares rose 1.33% on 11/8 and closed near the top their range, forming a bullish pin candlestick. This comes after having opened significantly higher (>$3) than the previous close, leaving a gap around $140 that may enact some gravitational pull on share prices in the...
Alright guys, I am drunk. Probably alcohol is a bad idea.
Anyways, according to these fancy Waves, Lines, and Fibonacci numbers, it seems that I am hoping to play a short position from the confirmed Wave 2 (Minute) position.
Looking for strong confirmation signals of continued bearish trend from the 0.236 Retracement level of the previous Wave 1 (Minute)...
Iconic Brands has seen a healthy past few months, holding in a fairly tight trading pattern after a very impressive move up from the $0.000x range. The 2016 annual financials have been posted and of particular interest is the section that discusses debt settlement and terms being worked out to a fixed conversion of shares and not the typical toxic death...
Investing in ICNB as another long term penny stock play to add to my portfolio. Not buying expecting to get rich over night, but in a few years this could be worth quite a bit. Real company with real products, very excited for the future.
