The BBand squeeze in March would have worked out nicely and some may still be in that bearish trade. A strong bearish move below 185 would be a likely entry and 155.00 as a first target.
Consolidation with reversal pattern. If earning or news is positive, expect high 200's, low 300's.
4-23 Lets keep it simple. Blue and green lines are support zones on weakness. Red are resistance zones on strength. That is all you need to know. If you are one who buy support and sells resistance? From here its all about the action at the red lines assuming a run higher of course. Feel free to follow on TWTR at @AmazingPatterns For informational and...
Spread is below the 10/20/50 ema on the hourly and 100 sma on the hourly. Below the 10 EMA on the daily, good wave rotation and bounce off averages. Good gap on daily as well.
Sideways. Could consider a bps to complete the Iron Condor if we bounce.
Im placing my order above the suppot trend line and will be moving it by. Im using pretty tight stop in case of break-out.
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
As per Daily 50sma which stands at 135.66 seems like the chart is holding strong and Costco indeed likes the last run it just went on.. Chart seems to be taking a breath and thats a good sign. only time well tell.. but in the mean time play the channel that seems to be forming and try your luck
Use 50sma as the bottom trend line of the formation. Overall Bullish Environment. Will it retest Window? Only time will tell.
Anticipation is building. Will support hold or will it fall. Only Time Will Tell.
Overall Bullish environment Nice Bull Flag The Trend is your Friend :) Nice Falling Wedge Pattern