Watching the financials closely in the coming few weeks, JPM closing on Friday sitting right on the 50day EMA and holding a little bull flag as well. will undoubtedly be a long-term play but definitely worth noting that there was a very clear bear flag on the XLF last week that could potentially continue to play out, so something to keep in mind. However,...
TSLA closed on Friday sitting right on its 200-day SMA. It previously broke below the bear flag to test a long-term uptrend line, while simultaneously forming what appears to be another bear flag / rising wedge (bearish) going into earnings on 7/26'. If this long-term uptrend line is broken, TSLA could see sub $600 especially if the broader markets continue...
TSLA is forming quite a large rising wedge (Bearish) on its yearly chart after breaking out of the symmetrical triangle (see previous chart), which was preceded by TSLA breaking below the bear flag above. While TSLA did close on Friday sitting right on its 50-day EMA there is also a Bearish Gartley harmonic on the 4-hour timeframe (not pictured). Definitely will...
Still looking bearish shorter-term- overbought on shorter time frames and looks to be another bear flag forming. Been seeing lower highs & lower lows as well
- Waiting and hoping for another long-term entry circa $2,000
IGT seems forming a bearish flag formation. A break of $23 will be flag pattern breakdown confirmation. And we think it can go down to $20 area at the breakdown.
* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Bear Flag formation
Entry Target Criteria- Break of $23
Exit Target Criteria- $20.13
Stop Loss Criteria- $24.13
Please check...
