Carlyle Group stock was named to join the S&P MidCap 400, effective prior to the start of trading November 30. Therefore I expect breaking of this symmetrical triangle pattern soon. In case there is a bullish break out from here, price target is 53% rise in price. On the other side there is still big resistance in this area where we could see a rejection and...
IT TOOK MONTHS OF PREPARATION.
A LITTLE OVER A YEAR AGO... NOTICED VERY PECULIAR PATTERNS ON A LOT OF VERY STURDY CHARTS. EXAMINED NEARLY 400 TICKERS... SOMETHING VERY IMPORTANT STOOD OUT.
DID SOME CALCULATIONS AND TESTED THE THEORY WITH A LIVE PORTFOLIO.
WHEN THE BANKING CRISIS STARTED PACKING IN, THE PORTFOLIO WAS RED AT FIRST. THEN EVERYTHING WENT GREEN......
Idea showing a right shoulder forming on CG
This right shoulder takes price down to the green support line on the horizontal
The vertical line shows the head structure of the head and shoulder
The PEAD projected a Bullish outlook for $CG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
THE positive r14 day rsi has now setup what i used to hear from one of my good friends and mentor the late peter deserio from ew land a BALLOON UNDER WATER tends to jump up and out of the water !!!
The other day I covered ALL short and all puts as the market reached a very very over sold level in just 5 trading days I made a PROFIT based on the move from 90 to 110 % short at 4244 to 4285 area and took the profit . simple reason the MCO model was at a level I could not be short in fact I went long 25 % at 4130 and now moved that to75 % ...
The PEAD projected a Bearish outlook for $CG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
NASDAQ:CG
Possible Scenario: LONG
Evidence: Price Action
TP1~ FREE STYLE,
It's at ATH, so I will put small money for OTM Call options, it has more than usual risk/reward
Call options, Strike 49$, 06/18/21
* I'm not a financial advisor and it could be wrong 100%.
Hey guys, CARLYLE GROUP is a bullish configuration, it has broken a compression zone from the top on the trend line above. We can see that the last candle made a pull back, an abortive attempt at an increase with great certainty to seek the next last higher.
Then a drop if the sellers refuse the price offer volumes.
Please LIKE & FOLLOW, thank you!
Maybe too late for this trade, but I learned today that Carlyle Group subsidiary Combined Tactical Systems makes about a quarter of the less-lethal munitions used by police in the recent suppression of rioters and protesters in the United States. As long as unrest continues, this will likely continue upward. Not exactly the ethical/ESG trade of the year, though.
