Fundamentals:
Its accumulation/distribution days have been terrible. Its company sponsorship rating is mediocre. However, its forward guidance is better than expected. Earnings were not as phenomenal as last quarter, but next quarter's earnings will be better.
....and price is struggling off the not-so-phenomenal earnings.
Technicals:
3 week tight range
Fake...
Bullish cross on the KST.
Bullish cross on the DMI.
$110.00 price target where resistance is likely to occur at the upward sloping resistance of the pattern.
Entered a long position on Arch Capital Group Ltd. $ACGL.
Timeframe: 4H
Target: ~$87
SL: ~ $78.70
Reason: bullish break of a small consolidation area, in the direction of higher timeframes trend.
ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern.
I bought the March 15 Puts at $0.75 cents expiring March 15th 2024.
Good luck!
Arch Capital Group Ltd. is an American Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written.
Buy/long candidate (trending model).
As soon as the price breaks through the last confirmed peak, we are likely to see a trend change on the 1H. Then, the scenario I anticipate is setting a trap for the price if it decides to make a pullback to the area shown on the chart. That's when I enter a LONG position.
NASDAQ:ACGLO Company - Long Position (Weekly Graph) 🚀 Entry: $22.83
Arch Capital Group Ltd. is an American company headquartered in Bermuda, operating with a public guarantee. It specializes in underwriting insurance, reinsurance, and mortgage insurance globally, with a focus on handling challenging and unconventional risks in the insurance industry. The...
Arch Capital Group Ltd is involved in insurance, reinsurance, and mortgage insurance products globally. It offers a wide range of coverage options, including casualty, property, marine, aviation, and travel insurance, among others operating primarily through brokers, selling both insurance and reinsurance products.
Financial Performance and Market Position...
Yesterday near close I bot ULTA but it had a bad signal on close , as a result I got out pretty much right away on open today , gave it a chance but as soon as the candle went red , I was out . At the time of entry I was looking at either ACGL or ULTA , since we were right at the prior days close on open I figured it was reasonable to enter this to replace ULTA....
Entered here , TT's stock , with some nice open 2/2 gaps
Good RS , earnings not too near ...
Now i'll check out their website to see what they do ...
MNST looks good too ... but in a TTR ..
Massive Volume from the Earnings Gap. 90 Million +. Setting up really well now, right below pivot and knocking on the door. In a boring Insurance industry group.
The PEAD projected a Bullish outlook for $ACGL after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
NASDAQ:ACGL broke the ascending triangle back in March. A bit late on this one but the stock still have good upside potential, use any pullbacks towards 37~38$ level to long the stock. Targets and anticipated price action is shown on the chart, stop loss at 35$.
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This is only my own view and not a financial...
Congrats to myself on my second post. My first post on TSNPD took a bit longer to breakout than anticipated, but eventually it went my way.
Today's close was in between the fibonacci golden pocket. This occurred previously and as you can see on the chart, price increased dramatically. It might take a few more days for the action to play out, but I anticipate a...
