The Bullish Momentum creates a new high and from previous action could experience resistance around 396 area. Technicals are only confirmations of fundamental currency which forms market structure analysis.
Up Channel in white
I expect price to rise sharper and form the green channel
Good bet while price is at the lower side of this long term white channel
I have shown thoughts with bars pattern in green.
I found this one a bit hard to believe but just reading the pattern and it is not to break out yet Earnings are tomorrow AMC 7-30
I was looking at homebuilders and had not heard of this one. Most of the homebuilders are in a C&H pattern and many have already surpassed prior high or on the verge of it
I see now..this one also sells RVs! All time high is...
DISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
CVCO has a gap above and a gap below that need to be filled. I'm guessing earnings are gonna be pretty good, all these illegals need trailers home to live in....
Earnings are a crap shoot as always, small play here.
Ascending Triangles, Triangle, Descending Triangles and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
