Stock is ready for pattern bounce, $45 strike for late December just to be safe.
Expecting a bull run. Buy Zone: $47.28 to $45.86 Stop Loss: Daily close below $44.97 Target: $54.90+
(Past) Analysis example of a Vertical Up Buffalo Case study: ALRM D ~2019 March to May
NASDAQ:ALRM In oversold conditions, with a decent RSI divergence to the upside. In addition, sideways movement has brought price action into contact with 52 week support trend line, and Friday's action resulted in a nice hammer candle. Accumulation/Distribution indicator broke out of a downward resistance trendline on Friday as well. Put it all together and it...
all timeframes still show strong bull trend, without any pullback sign. reward:risk=7:1
Price consolidating with support at golden ratio # 61.8 - waiting for breakout. Earnings in another couple of weeks (feb. 27th) should cause dramatic price increase or decrease.
ALRM - Head & Shoulders formation with a bullish entry day closed with high volume - trend reversal
Friday completed the 2nd leg of 3, for the morning start reversal pattern. I will be going long if the price closes above $29 on Monday Dec 5th. The past 2 days had 2x relative volume, next stop $30 / 31 (overhead resistance).
Friday completed the 2nd leg of 3, for the morning start reversal pattern. I will be going long if the price closes above $29 on Monday. The past 2 days had 2x relative volume, next stop $30 (overhead resistance).