Top Structure
Moving price down to the lower line of the wedge, Breaking the dominant strongest uptrend
This breakdown may finish here or continue downward
ENTRY: 125.18
SL: 112.31
TP1: 137
TP2: 141
- ADX<20. Would like to be higher.
- RSI>50, <70
- Maintaining well at pivot point "R1".
- Entry based on breakout from VZ today.
- Strength meter shows strength.
- Currently above HVN.
* Excellent earnings
* Very strong up trend
* High RS in the Tech sector
* Testing broken resistance as support of a ~2 month consolidation
* Very high volume (178.3% higher than average)
Trade Idea:
* Usually when a stock breaks out, comes down and offers another entry it means it's ready to go higher.
* Given the volume, it seems like institutions are...
* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a month long consolidation with higher than average volume
* Very high relative strength in the tech sector
Perficient, Inc. provides digital consultancy services and solutions in the United States and has been one of the steadier gainers over the last 12 months.
RSI says too expensive at the moment, so I have set an alert for when it crosses back below 65 to start looking for a potential entry.
One for the watch list.
(1) Ascending Triangle Pattern
(2)The candlestick closed more than 5% of the daily session.
(3) Near 70% of the apex of the ascending triangle.
(4) Upward sloping living averages.
(5) Stronger volume moving out of the
(6) Clear trend
Profiling this stock shows potential for up to 27% gains (over 47 days).
I am watching it closely for making a W pattern. I would enter in the bottom of the last leg of the W.
