10/20EMA cross with average volume increasing + forming a handle above the 50DMA. It has been months since the Relative Strength turned positive. With sector rotation this could see a nice move off these levels.
10EMA - White
20EMA - Blue
50DMA - Green
200DMA - Purple
I like concurrent Harmonic patterns
Polaris has recently completed both Bullish Bat and Gartley Patterns
I would like to buy under $122. with a stop at 117.25.
This produces a return of 2.2x and 3.6x at TP1 and TP2 respectively.
As always do your own due dilegence and we need the broad market as the wind on our back.
S.
$PII
Chart
Pennant breakout
Consolidation breakout
Volume dry up during pullback within consolidation
RS Rating 70/ Blue Dot (New High)
Long term High $137.66 (>1yr Base)
Above KMA's
RSI Hidden bullish divergence
Fundamentals
EPS, Sales & fund ownership rising
Big name fund holding (Harbor Mid Cap Growth fund 0.98%)
MGMT owns 3% (Skin...
NYSE:PII is holding up well and flagging. We successfully traded this from 104$ to 129$ and it is still looking bullish. Long the flag break out to target 135.3$ and 156.5$, stop around 108$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
The PEAD projected a neutral outlook for $PII after a positive over reaction following its earnings release placing the stock in Drift B
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NYSE:PII broke out of the pennant pattern and is now targeting 111$ ~ 112$ and then the sell at around 130$, any pullback is considered a buying opportunity. Stop level around 86$.
Hit the like button and follow if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Prior highs that may cause resistance over head/fell from a rising wedge and seems to have recovered.
Earnings 1-26 BMO
3 year high is 137.66 Long term high is 159.33
Cup low is 37.35 Cup depth is 72.9 which is deep but R overhead. Targets are calculated using cup depth and fib levels. In a bullish market and in a bullish stock, price can hit 100% levels...
Hello traders, POLARIS is in a fake bullish compossion with high volume buying and a shadow of sellers. By looking at the TIMEFRAME M1 we see a hammer candle with a large volume of purchases traded, it has come to test the range. It is very plausible to break the price with the current momentum then put it away to interfere in the one that follows. And go to the...
In this environment a stock that matches or exceeds earnings, seems like a bit of gold dust. Market agrees. Buy around heres stop 3-4% below to give you some room. Small position.
Stock PII seasonality starts to Buy date on February 5 and ends Sell date on April 9
Percent Profitable is 78.95% in 19 years and an average return of 8.51% per year
Now this is a pretty site to see isn't it. You can buy in on the crossing over the 50 sma, you can wait for a candle to close above the pattern for confirmation, or you can break all the rules and buy in now like me because you really like what you see. Whatever you decide, this isn't advice; and good luck out there!
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Potential drop to level: 78.80 ; 77.20 ; 75.80 ; 74.30 ; 72.80 ; 70.80 ; 69.80
Market risk will be hedged.
I'll write the entry point.
I will write the result.
I'm looking for cooperation with hedge funds, investment bank, proprietary company, private investor.
E-mail: analysttrader8@gmail.com
