Indicator Notes- Weak Twiggs money flow Special Note- Huge isider selling from veries directors, Millions of shares worth totaling over a Billion USD.
Uptrend Support with a bullish pennant forming about to breakout. Target price set at new uptrend resistance line. - 5-month uptrend support - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $74.36 Suggested Stop Loss $72.33 Target price $83.89 Note that I tend to adjust stop losses in order to secure profits early and preserve capital....
FTV has quickly developed a bottom formation even while High Frequency Traders attempt to run the stock down further. Hidden Dark Pool Quiet Accumulation is moving price upward.
$FTV Fortive forming what looks like a bearish rising wedge on the daily chart. Reminds me a lot of a NVDA chart I posted on Jun 14th just before the stock dropped 10+% in a matter of 1-2 weeks. FTV target $76 by mid-September. Also of note, some very bearish unusual options activity today . A couple October straddle plays with premium heavily weighted on the...