KO consolidated with a few whipsaw indecision days, but it is now building strength for potential upside action. KO had a pre-earnings run setup by Professional Traders.
IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.
Professional Traders are creating a consolidation for JD at a long-term bottom completion level. Heavier-than-normal large lots are on the buy side based on Balance of Power Indicator patterns.
GOOGL will report earnings late this month, but has an early earnings run underway. It has 2 consecutive common gaps. The gap was on Professional Trader volume activity.
Smart Money has setup the 90% aka the ‘dumb money’ into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers. Thus, price rallied and has now settled above the WAP
Monthly (1.27953) support being respected
Smart Money has setup the 90% aka the dumb money into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers.
Weekly (0.67400) support being respected
EPZM ran quickly out of a very short-term bottom with High Frequency Trader action. High Frequency Trader algos are focused on 3 major industries at this time. This is creating opportunities for retail Swing and Day Traders who can enter with the Professional Traders, who are setting up for the High Frequency Trader algo triggers.
My long term view on Bitcoin is Upside, however we've been on consolidation on a lower time frame and that's why I think this is a good shorting opportunity. We are already getting a bearish divergence on the RSI on H1 so if the pattern completes and the RSI goes oversold then I will be shorting so let's see what happens
MSFT has an extreme deviation pattern for its business cycle. The Detrending Price Oscillator Indicator for cycle analysis shows an extreme speculative price mode is underway. Risk of profit-taking by Professional Traders is increasing as the stock continues to climb speculatively.
KLAC weekly chart view shows the extreme Angle of Ascent™ on speculation at a new all time high. Professional Traders are likely to start taking profits due to the technical resistance level.
JBHT recently formed a resting day consolidation pattern at a resistance high. The stock moved with Professional Traders momentum out of a minor correction.
