It's ironic how the Fed decided not to stop this Repo or QE 4ever on Oct 10th. Notice the round bottom Bitcoin is forming? Maybe this weekend Bitcoin will jump over that 200 Day MA. Time will tell per usual.
$TNK has been in a bear market for a long time. The stock was $14 back in 2011 before dropping to under $1 this year. We believe the worst is over as the stock has a rounding bottom and looks set to continue climbing. Next major resistance level is the 200-day MA of $1.98. Oil shipping rates have climbed, making $TNK an attractive risk/reward play. Teekay...
LHI - Bullish momentum remains intact after the stock staged bullish breakout from rounding bottom formation, as latest candle is formed above upper BB, both RSI & MACD continue their northward trajectory. Support level is observable at 0.865, the closest resistance can be expected at 0.925
The stock is forming a rounding bottom but it has to break the channel and complete the formation. Keep a close look for the next few days
$TLRD is looking attractive with The Big Short's Michael Burry taking an activist position in the stake. Judging from the chart, the lows look to be in. Here are some key financial stats: $TLRD trading at just 3.59x earnings and 0.08x sales. Enterprise Value/EBITDA of 7.16x. Tailored Brands, Inc. operates as a specialty apparel retailer the United States and...
Option 1. A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is...
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Round bottom formed in INFY and increasing volume in upswing. So may breakout on upside. Refer the chart.
As described on the chart
Better Than Expected NFP Scenario Rounding Bottom Reversal & Potential Cup And Handle Continuation
Bitcoin - option number 2. SAR, Round bottom and history repeats
red boxes are the IN points, then short to 7800-8000
Barloworld has not much done in the last year - but it has formed a bullish rounding bottom in the process. The chart has worked off some overbought conditions on the daily chart and has now approached both its uptrend and 50 day ma, which has provided support on numerous occasions on pullbacks. A daily close above the baseline of this pattern at R137.00, should...
Lets see...
Not only did the rounding bottom play out, there was also an ongoing ascending triangle with the prime breakout point on or around the day of April 01, indicated by the end of the yellow line, as this was the 61% point along the length of the triangle. Not only was the breakout perfectly timed, it also immediately reached the interpolated price target of $5027....
Per the last update, the ascending triangle is still mostly intact and maintaining the higher low. The immediate pattern resembles more of an ascending channel. I'm seeing this unorthodox rounding bottom, anyone else agree? Additionally we formed a new symmetrical triangle with an apex arriving at ~6 April. If the rounding bottom is correct, the interpolated price...