Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 11, 2022 with a closing price of...
Seagate Technology has spent the last five months pulling back. But now it may be turning around.
The main pattern on today’s chart is the descending trendline that started in May and ran along the peaks of August and September. Notice how STX closed above that line on Friday.
Next, the jump followed two weeks of consolidation along the 200-day simple moving...
I like the current setup, although in a current descending channel, the EMA 200 provides a good support structure, the MA's getting tighter and we have a possible catalyst in the upcoming earnings.
Looks like the $1.9T is having a strong effect on the market again. Lots of stocks showing bullishness!
STX is about to breakout of an up-sloping flag pattern.
Target profit 1 is $82-83 (calculated from the bottom of the previous swing low at about $58 to resistance at $64 i.e. a $6 move.)
Since there's no resistance, watch for reversal pattern at the Daily...
nice wedge breakout on the 4hr w some class c bullish divergence on the macd and rsi. tight stop as this is not a value area but if u can even believe it this is part of a bigger breakout on the weekly, the measured move of the weekly wedge is like $115
Seagate Technologies has been in a correction since mid-December, but today it made a bullish break across a trend line that has held for about 4 weeks. Seagate is one of the better values in the technology space, with a dividend payout of over 4.5% and about 11% upside to its median earnings-day valuation of the last 3 years. It's a highly innovative company,...
