Resistance Analysis in Bottoming Stocks: Looking Ahead to Q1 2023 Earnings
Stocks that are slowly crawling their way out of the correction of 2022 are now moving up to challenge the more difficult resistance levels from the intermediate-term downtrend. These resistance levels are sideways trends that developed during the downtrend of 2022 to the bottom low....
The PEAD projected a bullish outlook for $IDXX after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.68%.
$IDXX - weekly vs. monthly
Weekly (left) - new swing high + MACD crossing above zero line + RSI rising & above 50
Monthly (right) – bullish candle developing off the month 50-day EMA. RSI double bottomed at RSI 38.2 level plus crossed above 50; MACD looks to be crossing after being in a decline since early 2022.
IDXX had a strong move last Friday on high volume that brought it to the top of it's 2 months consolidation range high of 447.80. The following Monday (9 Jan),it formed a little Doji Candle just slightly above this level , perhaps traders were still skeptical if this break was for real. The day after, on 10 Jan, it staged another decisive move higher, increasing...
The PEAD projected a Bullish outlook for $IDXX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The PEAD projected a Neutral outlook for $IDXX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Price is below the neckline.
Short is 2.18%.
Possible W pattern forming.
This could go up a bit before going down again.
No recommendation.
Earnings 8-3 BMO
An idea for IDXX supporting the continuation of a strong trend line in solid white
If this trend line does not hodl then the level in green is a good potential spot for price recovery
Daily timeframe
The PEAD projected a Neutral outlook for $IDXX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
The PEAD projected a Bullish outlook for $IDXX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS...
At the chart are represented 3 C&H's. At the first time it was handle forming with relative volume and than downward move due to pandemic.
The second time, handle was also formed with relative volume and after that it was upward move.
Now, when the price is also at AH, C&H is also forming but the handle is forming with rising volume.
Just an observation, not a...
Looking for IDEXX Laboratories to decline with market weakness
Key Level of Support of 514.22
Consolidation for Potential Bull Run
Bull Run to 595.76
YOLO 639.28
Just an idea
Idexx Labratories
IDEXX Laboratories, Inc. engages in the development, manufacture, and distribution of products and services for the animal veterinary, livestock and poultry, dairy and water testing markets. It operates through the following segments: CAG, Water, LPD, and Other. The CAG segment develops, designs, manufactures, and distributes...
