8/6 earnings - Thesis: Price action reveals too few bear signals = good gamble on bullish pivot post-earnings Last session: -profit takers sold earnings announcement 8.6. -buyers stepped in near yearly top, confident of earnings risks Last few months: -6wks compact range consolidation near ATH -volume decline, seller absorption -secondary offering absorbed,...
*NOT EXPERT, JUST SHARING, OPEN TO BE CORRECTED* I see a negative/invert shoulder head shoulder with a potential breakout point wich will tell us if this is case or not
GH is getting squeezed. It has essentially traded sideways for the past month. Watching for a breakout either way.
The stock market is a tool that transfers wealth from the impatient 2 the patient.
GH is at a consolidation zone with a resistance line @70 standing on two doji candlesticks. Technicals: (RSI, 14) daily @48 (SRSI, 14) daily @.15 growing ** If RSI increases to >55, uptrend is confirmed. SRSI should grow exponentially at this point. Bollinger on a tight squeeze on time frames <1day. Moving directional index: DI+ crossing the DI- ...
Waiting for volume push out of resistance zone = clear path to ATH. GH