After the bottom in May of 2022, the price gapped up and broke through its resistance in $550.
Then formed a base to digest this move before continuing its trend up, this was my signal to buy as it broke out above $636. After that it didn't follow through and its RSI signaled weakness so I sold.
I don't like to hold positions that aren't going anywhere even if...
The PEAD projected a Bullish outlook for $FICO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
$FICO posted its earnings with positive under reaction following the release with the PEAD projecting a slight bullish outlook for the stock.
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Price action tells you a lot about the timing to go long or short. Some traders got it fairly accurately, able to catch the bottom or top while others still find it illusionary and mysterious.
Now, let's say you have done your research and are keen to buy this stock.
By looking closely at the chart, it tells us several things :
1. Price has come to some sort...
NYSE:FICO had 2 daily closes above its ALL time highs showing signs it wants to breakout of its 2 months rectangle consolidation chart pattern.
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