Stock up +100% since July 2016. Current base is wide and loose on the weekly. Daily RSI at 50, price trading at the mid-point of the linear regression channel and more importantly trading below support.
(Code-Name_Virtue)
Charles Dow's theory states the market has three trends, Primary being the longest, Secondary moving along the Primary, and Minor (the shortest) moving along the Secondary. Consider which level of the trend you're chart pattern is forming on and it will help you determine which type of position you should focus on for your trade. In the example...
higher time frame is in defined uptrend with healthy pullback
mid time frame is showing a rising ma after minor accumulation and weakening downtrend breaking out of downtrend line with positive momentum and volume pressure
lower time frame is showing positive strength after price was overextended and pullback to intermediate moving average and working it way back...
Trading the Cup and Handle pattern. Breakout clearly visible (handle and 83.00 resistance). Currently testing support. Daily/Weekly close above 83 support area will confirm this trade. R:R 2.2
Shares of Autodesk, Inc. (NASDAQ:ADSK) shot higher in early trading, only to reverse into the close. The stock hit a new multi-year high before staging the impressive reversal. This is a bearish sign and the candle formation is known as a topping tail. Topping tails by definition are bearish reversal signals. Investors should be fully aware that big money is...
Im looking to buy ADSK @ $72.50 SL @ $67.00 1st TP @ $82.00 2nd TP @ $92. Watch for a pause at 1st TP before going towards 2nd TP.
Feel free to ask any questions down below regarding this trade!!!
Since June we are in a stable upward trend and we broke through a important resistance which shows strenght.
My idea is to trade this upward trend which hopefully breaks the all-time high.
I would open a market order on monday and put my SL under the last low.
I would close a part of my position by 80$ and keep the remaining position open till the market sets back.
The BIG-BO-Move stopped at 69$. At present , we see a triple top. Tradin above this level should initiate the last "freestyle-move" (bo) up to ~ 73,6$.
The risk lover would prefer shorting the actual level, the crr for a short is perfect (with a stop a bit higher than the triple top) - but as always against the trend!
I prefer waiting for the freestyle-bo!
Regards
mary
Enter - $49.40 (current price)
Target - $54 (Closest Resistance)
Stop Loss - $48
Reasons -->
Its trading at a very strong support line.
Has completed the post H&S decline.
Is extremely oversold. (RSI = ~23)
Has a Zacks rank #1 (Strong buy)
Its earnings estimate has been upgraded from $0.06/share to $0.14/share within the last 2 months.
I am a very new trader...
