A double top idea on the daily chart.
The lines show an intricate pattern of an inverted H&S with both shoulders in green.
The main takeaway is that a double top is a bearish pattern and where bears take control.
WATCHING $IDT for ENTRY TARGET @ 40.55
Wow... look at this one just going and going and going. I think the bottom of that gap is a good place to watch... This is just based on the highs it's made so far and if it goes higher i will re-analyze a new entry
I will repost when it get’s closer if it goes that way and if it makes higher highs I’ll repost with new...
$IDT has served us well in the past when we caught the move from $8.29 to highs over $11 for a quick 37% gain. Now, after $IDT has sold off, we think the low is in and the stock is set to climb again.
IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. The company operates in two segments,...
$IDT has been one that we have traded well in the past. The stock has a history of explosive moves. Above $8.7 and we see the stock get going and we believe we will see $10 to $12 in rather short order.
$IDT started climbing last week after reporting Q3 earnings. The highlight was the company in the quarter swung from a loss last year to being profitable. The...
IDT seems forming a fallen angel formation. After a huge decline, it is showing some strength now. It crossed above EMA lines & moneyflow is accumulating. We think it has decent upside potential.
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- Fallen angle Pattern
Entry Target Criteria- Break of $13.04
Exit Target Criteria- $15.17 and...