Follow through from yesterday's debacle.
We have hit the low's from December 2014 with "earning" release, the impact was the same; Great position to enter Long with controled R/R; Safe Trades
There is a lack of Bullish momentum to keep this run moving.
If ORCL fails the 10 em on the 5 min, edge is bearish
4/6 candle's low is 42.21 which is a pivot of sorts. NICE gap down on ORCL. Gap and go. People are trapped. This stock is also VERY volatile in the mornings, so I will be patient. 200 SMA is a great resistance. One could do a limit sell at 42.28 and place stop at 42.50 ...
1. Bullish Engulfing+Bullish Divergence 2. Bounce on Fibs 61.8 3. Primary Trend Sideways 4. Intermediate : Bullish, Minor Bearish
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
Seems like that 200sma is carrying alot of power behind it
I dont know how i feel about these one. I think it needs to show a lil more volume or another nice authoritative candle sure break the trend :)
A little over extended as per BB other then that Bullish Environment for the time being. Blue Sky Break Out
as per 1min chart and its morning breakout... look for the back test of previous Bull pen-net or Fib 38.2% possible bounce and retest trendlines
Possible Bullish Cup and Handle forming i have been saying these for a while. With $COST good earnings and higher Dividend pay outs these year is these the break out were waiting for?
Very clear and cut to the chase. Blue skys upcoming resistance LVL