Negative RSI,MACD cross, and rising wedge on lower volume. Stock looks to sell off to at least 40.
Doji hows indecision, watch for a above 10MA supported by R1, or drop below to fill the gap
If C breaks below 42, it could see 40.
Well support becomes resistance --> in this case it is true. MACD negative divergence, i would wait for break below prior low to short it.
near completion of a bearish Gartley on this weekly chart into earning, if gets through a Crab still a possibility to 70
Based on past readings of these oscillators Citi looks like its about to be taken to the wood shed...
I think the double bottom is not that attractive now, it looks this rally will not last that long. If u are long consider to protect your profit.
Intra-day chart patterns can help make big profits, using weekly options, on Fridays.
Tested $35.25 (76.4 FIB) bounced off 9 DMA & lower channel support, expect a quick pull back, once the lower channel is broken, to $30.23 (200 DMA). Further all the indicators very overbought. The price channel is steep and if the price cannot rapidly accelerate then the chances of meandering out on the lower side are high triggering a quick correction in prices
The downward sloping trendline that I have drawn and placed arrows above the three touchpoints. I use the "HIGHEST LOW" to draw the line instead of the "highest high" in the rally. Why? Because that gives an earlier heads up when a turn is happening. Call it a "technical-tim-trendline", but otherwise it is an "internal trendline". The logic and the reasoning...