Following up on my previous chart published a week ago, my second forecasted scenario happened - "the whale who triggered this ponzi pump was in fact selling his BTC stash at 31x, 30x and 29x accumulated at much lower levels (215-230) in the past few months". In the past chart that I published we broke the small handle (of the cup-and-handle and we went down to...
A clean setup is the best to see where we stand. As you can see, a dotted trenline (blue) + a cup and handle pattern (purple) drive us to a ceiling around 1900CNY. A breakout at that level could be a confirmation of a new bullish trend.
This is a double strategy with a gap and go and a cup breakout. Thus I would look to buy either tomorrow if a break above today's high or wait for a pullback to gap and then a pivot allowing opportunity on the bounce to buy with stop in the gap look for a strong run on this stock.
In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA...
UPDATE: For anyone who is thinking to take trades according to my post and looking to go SHORT on this pair, I do want to again emphasize and CAUTION to not be greedy on the trade. As i mention in this post, I would NOT be surprised if prices DO NOT reach target 2 and may not even reach target 1. I would advise to pay close attention to how prices react as it...
TSLA has created a nice cup, technically this could be a good 25-30% move...watch for this and manage risk but since the bottom it has moved very well
A potential cup and handle pattern has almost formed on the hourly chart! A breakout over the resistance from the Cup is a signal to go long. If we look back in time we have seen a valid Inverted Cup and handle pattern where a breakout resulted in relative big decline!
A potential cup and handle pattern has almost formed on the hourly chart! A breakout over the resistance from the Cup is a signal to go long.
Cup and Handle The cup and handle pattern is very strong on this one. We may have to break the 240 resistance level (as outlined in red) for 2-3 times to get to the 250 level. The resistance may be around 254. Hidden Bearish Divergence Yep, as the the two indicators said. This one can't be neglected as well. We may effect a fall after the rise.
SIMO puts in 3 strong days with high closes since the breakout. It is now too far extended to buy, but it was almost my pick on 4/13/15, but I went with QLYS instead since it was a bit closer to the buy point at that time, and QLYS had better fundamentals. PERFORMANCE WITHIN GROUP (SIMO) SILICON MOTION TECH ADS RANK WITHIN THE ELEC-SEMICONDCTOR FABLSS GROUP...
I love the company CYBR right now, even though I'm not used to buying these newer hot issues, I think this could be a smart one to buy. It's at an official IBD buy point, and it has a nice cup with handle pattern, it's a leader in its group and is in a strong group 7/197. The only concern I have is that it is so volatile. The last base was 25% drop. I would...
GPN has just broken through the $100 mark and the chart patterns suggest price could go higher. However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55). For this reason I would recommend sitting tight until the $100 mark is comfortably cleared...
DST has a couple of good continuation chart patterns going on. A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher. More recently price formed a double bottom - another continuation pattern suggesting...
Juno looks poised to go with its nice base, would like to see more volume, but this is worth a look. Took base of cup and projected it out for target. Options weak would look at stock purchase