The Instrument is in a B Correction Wave. The movement still did not complete the final ((c)) movement.
After a good earning report stock is consolidating in the range on the chart long/short entry level are on the chart targets are initial moves, momentum can take the stock further
I'm watching another inverse H&S setup here on CHKP. Looking for the break above resistance at $120 to continue the long term (5Y) bullish trend.
Possible entry level $115 Target price at resistance $123.50 Stop loss below moving average $112 RSI rising OBV bullish uptrend. Company Profile Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. The company products include threat prevention, next generation...
Up trend from 2008 till now with an increase of 450 % in 11 years. Good buy spot here imo, long from 116 USD.
NASDAQ:CHKP - HACK led the tech-related ETFs in October with a surge and breakout. CheckPoint CHKP, which is part of the cyber security group, is joining the party with a break above the Sept high. Also note that lows in the 106 area formed a Double Bottom of sorts from August to early October. At the very least, this is a base of sorts. The breakout here in...
Hopefully it bounces first in the morning and then sell short below the daily VWAP
CHKP is one of the few stocks that has breached its previous all-time high, corrected mildly and then resumed the uptrend to new higher highs. The stock has a mixture of retail traders, pro traders and mild Dark Pool accumulation at times. The momentum will stall intermittently with profit taking from professionals.
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Despite the risk off environment of the markets and bearish divergence in RSI
Checkpoit looks like a short A break of 200 days and a break of the Ichamoku cloud increases the chances of short and Mid -term .
The price is going down, the phase is changing from 2 to 3. RSI is going down to. Don't buy and sell.
Handle could form better but clearly this is setting up, not confirmed
CHKP: check point software 2018-07-25 05:00:06 Detected possible stock repurchase