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Technical-analysis

Bull Case for PECK Looking at the highlighted green lines we can identify a strong up trend in PECK causing growth for the stock, as well as a retracement in the last few weeks which is a clear bull flag pattern. There is also a falling wedge after the strong uptrend which lead to the reversal that we saw causing the new price to break past the previous high of 10.50. There was a double top pattern but the price today has broken the previous high, and moving past the resistance level is a good indicator for this stock. Furthermore, we can identify a cup forming which means that if the price fluctuates and a handle pattern forms investors could average down their price at a discount while it rebounds soon. All in all the reversal from the falling wedge, strong uptrend with retracement, breaking the double top barrier and the possibility of a handle forming are all positive indicators for this stock. BUY!
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by ayushranjanth
EUR/GBP - Technical Moolah!!That's the Stuff that nobody teaches you!!! Have you ever thought about having multiple Support and Resistence lines? This is pure Technical Analysis using only levels and trend lines! Don't complicate your Chart with all the indicators under the sky when all you need is a couple of technicals to trade short or long term! In this particular Situation, EUR/GBP got a bit distracted from the main trend, kind of like starting a new uptrend but then we can observe that it was just a distraction and it's going to get back in it's trend as soon as it has the chance!
by bpemea
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