higher time frame is showing negative divergence in rsi intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment lower time frame is showing a downtrend breaking below support and retesting on pullback will look to enter on 130.2x area for a move down to...
Date First Found - November 15, 2016 Pattern/Why- breakdown of trend line and up channel, Entry Target Criteria- below $103.33 (hit November 15, 2016) Exit Target Criteria- $87.23 Stop Loss Criteria- $108.27 Indicator Notes- big drop in Twiggs Money Flow
OBV > ema50(OBV) recently. Obey your rules.
Put sale near the 100 SMA on the weekly looks decent. Nice REIT anyway (according to Pat K)
Previously posted twice on American Tower, both pointing to short opportunities in the price channel AMT has been in. Well the price behavior is changing and anticipation of earnings may be the catalyst. Note the pops AMT has had at the last 4 earnings reports? Each a long green candle. Also notice that AMT has not visited the bottom of the price channel two...
The channel is acting like a channel and AMT is back to the top of it with no material difference in the RSI or cycle envelope since the last time... Did fail to tag the bottom of the channel bit it has done that before.
AMT HAS FORMED A CUP AND A BUY POINT ON BREAKOUT WITH GOOD STOP COULD REAP PROFITS
Short $AMT @ 95.16 with a 96.68 Stop, and a target down to 92.20. Price falling from strong resistance and the major psychological $100.00 number, with further bearishness showing in the price action...with a gap to close as well. Also consider using put options, bearish call spreads, or both! All the best. :)
Break above previous high of the day means that buyers are nterested in higher prices. Tight consolidation gives good risk/reward opportunity with high probability as markets hitting new historical highs. 8 rising EMA controls price. 8/21/50/100/200 rising EMA with higher lows and higher highs - that is definition of UP TREND. Check out my idea in link below