$STNE is set to keep climbing after breaking out to the upside on Friday. The company delivered strong Q3 results and $BRK-B has a 7.9% stake in the company. Here are the highlights: StoneCo (NASDAQ:STNE) Q3 total revenue and income of R$671.1M (US$159M) jumped 60% from the year-ago quarter. Q3 adjusted net income of R$201.9M rose 126% Y/Y. Q3 adjusted net...
$CLDR continues to climb and just broke out of its wedge. We first alerted our subscribers back in August when $CLDR was just $6.60 a share. Since that time, subscribers are sitting on gains of 42% and we believe there's much more to be had. Cloudera, Inc. provides a suite of data analytics and management products in the United States, Europe, and Asia. The...
USDSGD (Long) Take Profit: 78.5 Stop Loss: 35.0 R-Multiple: 2.24R
USDSGD (Buy) Take Profit: 1.37049 Entry: 1.36264 Stop Loss: 1.35914 R-Multiple: 2.24R
GBPJPY has formed a Bullish Pennant formation. Just waiting for a candle closure above the resistance line to furthermore confirm this as a bullish move! This should be a lovely long term trade with a nice R:R
Hi traders, USDJPY broke a rising wedge in four hour timeframe. It also had bounced off from a falling trendline in daily time frame. There is high likelihood of price falling further.
Hi Traders! We here have a clear market structure. The market is moving up in a wedge formation. Now it reaches the daily Trendline, so we have not enough power to break out of the resistance and the trendline. Our TP-Level is the support at 1.32000 We recommend to sell the breakout until the support at 1.32000! Thanks and good luck :)!
USDSGD Take Profit 1.37211 Entry 1.36066 Stop Loss Level 1.35593 Take Profit 1.38063 Entry 1.36066 Stop Loss Level 1.35593 (Buy)
The Market On The 4 Hour Chart Just Closed With A Full Body Candlestick And A Counter Trend Line Break, This Comes After The Market Previously Broke Out of A Wedge Pattern As You Can See On The Chart. If You Look Back On My Previous Post You Will See That The Wedge Pattern Is At A weekly Major Support Outlined On The Chart With The Green zone. I was Already In...
Price may fall as a result of the breakout.
This is a weekly chart of the Dow Jones. Notice the ascending wedge. That is a bearish pattern. A big bear is on the way. look at the stochastics down below. Notice we are at a top of the cycle. Once the price bars move outside of the triangle it will break strongly in the direction it breaks the triangle I drew. Whatever direction it goes while exiting this...
The weekly Paper Index has broken out of a bullish wedge formation while displaying a bullish divergence between price & the RSI indicator. Relative strength is beginning to develop against the SPX as well. This may be a good industry to scout for some alpha.
Farfetch has had a real selloff this past year and for good reasons. Gap down from last earnings, slowly grinding down with major divergence on different indicators and possibly rounding off in this falling wedge pattern. Good risk to reward for me to take some calls and see what happens into earnings. Breaking out of the wedge this week could be a very nice swing...