Reasons for bullish bias:
- Price making a bull flag
- Safe entry at breakout of pole for confirmation
- No divergence
Entry Level(Buy Stop): 37.84
Stop Loss Level: 33.23
Take Profit Level 1: 42.45
Take Profit Level 2: 47.06
Take Profit Level 3: 51.67
Breakout negatively of a downward channel is possible.
This is due to the presence of a trend line hanging currently above price
I expect a rejection at this trend line and then completion of down channel.
Daily timeframe
On the chart we can see a rising wedge formation. We are expecting a breakout.
How to trade;
Look for the volume increase to avoid a false breakout .
Only being trade when the price breakouts. Approximate target is set on the chart.
Way oversold on several indicators. They fired their CEO which caused a drastic drop today. When the CEO is replaced I'd expect the stock to rally back into the $50's. Oversold for a bounce
this one's a little weird on the ichimoku front, as the base and conversion lines shared values ever since earnings, but it does count as a cross when it popped over today. Meanwhile there's a lot to like about this chart; nice boost after earnings that persisted without giving back ground, and now momentum is building behind it (i think this is what Ichi is...
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 71%
TARGET (EXIT) PRICE = 54.34 USD
BREAKOUT (ENTRY) PRICE = 51.63 USD
DISTANCE TO TARGET PRICE = 3.52%
EMERGED ON = Nov 30, closing price
CONFIRMED ON = Dec 01, closing price
WITH CONFIDENCE LEVEL = 69%
Once the price breaks out from the top pattern...
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Long 100 $BSX
Short 81 $XRAY
Mean Reversion Time: 8 Trading Days
Hey my friends, DENTSPLY SIRONA is in a bullish configuration accompanied by stable buy volume and a hammer bull candle. We can see on TIMEFRAME 1Min a bullish continuation so it is in full swing. Great likelihood of reaching the next high and closing the bullish gap. We can reach the level of half of the next candle, It seeks to touch the median but not enough...
NASDAQ:XRAY
Xray earnings gap and consolidated nicely after a big move up. Price attempting a breakout here again so looking for another move higher. If it reclaims the prev. resistance level marked, I will stop out
