Looks like a double bottom pattern for Factset Research and this is supported I believe by the MACD. Looks like the breakout could be bullish. Like the idea if you agree.
EPS Consensus - $2.14
Revs - $339.71M
Definitely wana jump into some puts, but I was wrong enough with $TSLA lol. 38M float w/ 7% short interest makes it looks like a short squeeze, but the 92% institutional ownership just reminds me of $DQ, $FSLR, $CMD, $NKTR, etc., UuuugUUuGuee earnings drops. I was wrong enough on my $TSLA chart, but I'll let this one play...
Short @ $213.27
Market Cap - $8.27B
Beta - 0.97
P/B - 13.52
- FactSet has a Price to Book value of 13.52 which is could show that the equity is slightly overvalued since the industry's P/B is 6.4.
- They have a declining client retention ratio which obviously is a massive concern for the company. Failing to keep their old clients will impact the company's growth...
Resistance becomes support (Red arrows)
The new support was tested 2 times by the price which gives more validity to the concept that resistance becomes support
Pattern recognition: I follow 1300 companies approximately and spend hours searching in my watch-list, from Basic Materials to Transportation Companies.
When I recognize a pattern it does not take more...
two-year-long consolidation since 2015
8-21: short signal
9-20: short trap confirmed, strong long signal
10-04: fail to cross previous high, sell if fall below support 172
10-20: challenge previous high again, succeed, long signal
10-24: cross long term trend line, confirmed long, buy again
after: hold if it doesn't fall below support 183, positive long until 220~230
So presented here is an outside foxwave or harmonic pattern, market is very sideways so there isn't much upside, maybe the market will go sideways for a little while once in the trade so we can get a better profit. As I will be using the red trendline as the tp for this trade. What I like about the trade is the 3 pins dropping below the support (black horizontal...
We see FDS ina an uptrend tendency. The Obv is rising and the slow moving average also.
here we see the faster movinge average crossing above the slower one. This is my entry signal. my stop is U$3,50 beneath the entry point and my target is U$9,00 above , in the fibonacci expansion.
