1) I drew Resistance Line on RSI indicator and it has been broken this month clearly. Also RSI has 2 moving averages and they crossed each other. Purple(40.29) one is more than Green(35.77) one.
2) I drew Resistance and Support Lines on Momentum indicator. Resistance line has been broken. Security has taken support from Support Line. On the other hand, Momentum 0...
last time it was here we saw about 6 months of consolidation, so better to wait for clear trigger break, and also shares over options due to wide spread on option chains.
long trigger is 77.60 / short trigger 47.78
It is like SELL SELL SELL until no one is left to sell..so demand increases..Setting bollinger bands on a 80 MA verses a 20 MA can show extreme selling pressure when candles fall out of the bottom band. Set them on a 3 standard deviation with a 80 MA to see Extreme selling pressure..
There is a falling wedge (FW) as well. Falling wedges slope down, both...
Estimated Earnings 2-24 AMC..
TNDM is trying hard to push through the resistance of the neckline which is at 98.70..Once it gets through that with a bullish candle or an uptrend, then could be a good trade as these patterns are fairly reliable. The neckline would become support..
This one can be volatile..just in case you have never traded it (o:
R overhead as...
I was testing this pattern and Boom..it stopped at D..if price falls below D, then exit this trade...
TNDM was under intense selling pressure and fell outside the bottom bollinger band set a -2, 2 and a MA of 80..(only used for noting selling pressure)..
Stop below D...
Possible T2 117.9 to 123.5
I am new to this pattern so do not trust me. Do your own...
A rising wedge is a bearish stock pattern that begins wide at the bottom and contracts as trading range narrows and the prices move higher. It is almost always bearish but can be a long term pattern. The pattern is not valid until bottom trendline is broken. Unlike triangles, bother lines slope up and converge, or narrow.
Rising wedges interfere with supply...
Stock is falling 5 weeks. But it's seems it almost found the bottom. What we have:
1. 200 MA bounce on daily chart.
2. Almost bounced from 50EMA on weekly chart.
3. Bounced from the long term resistance/support line.
4. Oscilators shows the bottom has found.
So, we have to get the clear reversal signal to get in. And if it goes it goes pretty high!
Neutral until correction complete
TNDM seems to have issues holding on to a high, but when it moves, it moves. I always thought if I could catch this one at a true bottom, I may buy it one day.
TNDM has been in a bearish, narrowing, rising wedge pattern since the market caught the flu. RWs can be very long term patterns, and have to be at least 3 weeks in...
Hey my friends, TANDEM DIABETES CARE is in a constant bullish purchase volume configuration, it gives a false signal of refusal from sellers. It will turn around directly to regain its buying force, it is plausible that it will go in the direction of the median.
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I can only wait for support levels that may hold if I try to get in
If you look there is a huge lack of touches to bottom trend line
And it may not fall fall far at all. is already piercing bottom trend line. How far they fall depends on the stock
Be safe
