MFI signaling a pullback. MA Line is about to breach the Bollinger Bands, signaling overbought, even though not above 70.
Price Action confirms this as after the breakout run upwards, it should test the Ichimoku Cloud as a line of support.
Will most likely consolidate/create pattern, signaling direction of next move.
TRMB has put in a series of lower closes, with corresponding higher 10-day RSI levels indicating a high-probability reversal in the near future. That reversal appears to be underway, with a big gap-up day on April 17th and a follow-through to the 50-day EMA on April 18th.
-- Roy
I not use sophisticated Technical jargon in an attempt to persuade and Impress the reader
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart,
in an effort to impact the reader with my knowledge because I not a guru,
I use a old fashion method, based in Support and Resistance, which does not need elaborate...
TRMB was on our watch list form December. We were looking for the break of its upward channel formation. At last, it has broken down its Uptrend & Major EMA lines. It also has huge insider selling. We think it will continue downward from here.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Downward Momentum Play
Entry Criteria- Break of...
TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling.
We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Upward channel...
