BEAT seems forming a macro (Weekly Frame) H&S formation. Interestingly there is a potential H&S formation in hourly frame as well. It also has huge insider buying. Overall looks interesting as short setup.
Date First Found- January 22, 2019
Entry Criteria- $65.37
Exit Criteria- 1st Target: $54.53, 2nd Target: 34.33
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
Price is likely to break below the parallel channel .
CCI divergences in a downtrending direction.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded...
The sector of this stock is one of the most promising, in my opinion. The company is engaged in equipment for science and medicine. Good statement. The pattern for buy gives us an excuse to open a long position