Considering the lack of a bullish divergence in the current MACD scenario, yet it being so similar to the previous movement, will we see continuation of the dominant uptrend? (in grey). We will have to see if a continuation pattern on the MACD follows the current formation, as it did in the prior yellow rectangle containing the bullish divergence
STX forming multi week H&S, price entering support and demand zones. Aligned good for swing long position, watching for a daily reversal.
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...
Base and Break of 25 week cup formation stops 5-7% Target 20% Not financial Advice please use proper risk management
$STX showing VCP characteristics and tightness to the right of the base. Some OHS to contend with so on the WL for now.
$HBP showing VCP characteristics. Isn't as tight as I'd like but it's printed a new 10 Week RS high before price and there's demand in the base.
Seagate Technology Holdings PLC ( NASDAQ:STX ) Sector: Electronic Technology (Computer Peripherals) Market Capitalization: 23.268B Current Price: $104.51 Breakout price: $106.80 Buy Zone (Top/Bottom Range): $104.60-$100.00 Price Target: $123.00-$125.00 Estimated Duration to Target: 80-88d Contract of Interest: $STX 3/18/22 105c Trade price as of publish date:...
Home town hard drive manufacture. Thought they were out of business.
lol no comment needed, short at will...........................................................
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.
According to Traders-Paradise's Algorithm, #STX has a high chance of going up More opportunities: Traders-Paradise.com
There’s a weekly off the 80 area. It held that area today.
STX 27/6/2021 Ripe for technical rebound from double bottom support area, resistant at 93
STX (US) 18/6/2021 Seagate at main uptrendline support, this few days will be important to decide if this perfect uptrend able to stand or not. If failed, next support might at 83 USD area. SPT 88, 83