So, I tried doing as much research into what a backwards Cup & Handle pattern is, or if such a thing is actually a "thing" and just gave up. If anyone has any insight or experience with them, I would love to hear it and learn please.
I believe the tariff and trade war narratives are artifically overblown. There is no way two super powers are genuinely going to...
Opening up a 2500 Share Position
Again, I do not like the volume but most indicators are BULLISH
The company is very profitable and the stock is over sold.
Looking for a fast pop up to the $200 range
Daily chart shows it trading on or above resistance
Weekly chart shows plenty of room up to $230
Let's see what happens!
The high-low gap on each bar is narrowing as we approach the end of the wedge and the announcement of earnings. Stock continues to get hammered. I think there's a decent chance of a small bump to the upside here, but I'd grab a profit pretty early after the bump (~2 weeks).
Technical Concept: Support becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated technical jargon in an attempt to persuade and Impress the reader
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart,
in an effort to impact the reader with my knowledge because I not a guru,
I use a...
Pretty basic approach here, less clear than my usual bullish/bearish wedge patterns.
COHR is a profitable company with a good track record. Missed earnings last quarter, got punished hard. Coincided around the same time the overall market was in a downturn. Price dipped more than two standard deviations below the 100 day moving average. I don't think the...