My analysis is on the 2H. I am uniquely qualified in my fundamental analysis. This is a one
day until earnings. My thesis is the earnings will stimulate what will be a breakout from
a flat bottom triangle. I will buy one share of stock. I will spend a similar amount on
call options striking $460 expiring August 11th. I see LLY as surging while PFE is a bit...
ORCL may not be joining the technology stock parade. Although it ran up
on the 2H chart with a good 30% rise between earnings. the MACD indicator
showed a double top. On the retracement, the price descended but then
stalled. It came up short of a 40-50% retracement and went sideways
into a flat top triangle. The MACD indicator has been with a negative
red...
MGRX a recent IPO produces a med for erectile dysfunction without FDA approval;
They are basically selling a generic version of an approved medication and bypassing
the patent protections and betting they will fly under the regulator radar apparatus.
As might be expeted this recent nano-IPO is highlly volatile. Play with it only
if you have the requisite...
NYSE:AMC
AMC since the parabolic move May- June 2021
has been in a flat bottom triangle pattern with "touches"
on both the support trendline and the upper resistance trendline.
In the past several trading days, with the volatility of the APE special class dividend stock,
AMC has gone up to the upper line and now is now again at the $10 range.
The MACD and...
Hello Traders, welcome to another week of trading opportunities...
GBPCAD has presented us with a flat bottom structure, price has tested the support level and and it seems the support will hold, price is currently heading towards the resistance...
watch carefully for continuation patterns before taking entry, stop loss below bottom to any printed structure.
You...
The chart is well explanatory on its own, let me just clarify to prevent confusion and uncertainty
Denoted Terms:
1. EMA periods :- 10-Period (Blue color), 20-Period (Yellow color)
2. Key support level & Sub-level
3. Awaiting level :- Horizontal black line
4. Key Resistance level :- Close to the A.T.H (All time high) price
The price channel tool used :- Flat...
Correct me if I am wrong!
Flat bottom pattern is seen and it is expected to see the price retrace back to 65.00!
Feel free to state your opinion!
Cheers!
Fib 0.618 holding well, no daily close below so far, triangle forming so risking a small balance either 200% or 55-60% once we break the triangle we will know
possible we will hit stop too so make sure you are OK with losing 17% of folio in return to gain 50-200%
not a financial advisor!
