Stocks that are reporting earnings in 3 to 4 weeks can be monitored for pre-earnings runs.
ESPR had momentum runs recently, as marked by the candlestick patterns within the green rectangles in this chart. A shift of sentiment can be seen in the bottoming pattern with Accumulation/Distribution indicators (the area between the blue rectangles).
Often, when...
CAT has a Buyback style momentum run that encountered profit-taking by Professional Traders recently. The vertical Angle of Ascent™ was too steep and ultimately technically unsustainable.
JPM shows classic Buyback price action, resulting in a momentum style run recently. The stock is now at a long-term resistance level from prior years. The Buybacks are now facing Dark Pool Quiet Rotation™ at this price level.
MU retested its bottom lows; it will find support at a higher level after reaching above the top red line drawn on the chart. The Basing Bottom created sufficient hidden momentum as the stock gapped and ran vertically up to resistance.
CERN has shifted sideways after a breakaway gap by High Frequency Traders followed by a momentum run upward. CERN has now shifted sideways, which can provide a strong support for another momentum run.
AXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.
