Seeing high demand in 19.95 - 20.60 range... something has to give. If on Monday (6/25) we can break resistance at 21.45 we could see a major breakout similar to long breakout on 6/13 (first green arrow). With that momentum we could pass up 50 MA! Fundamentally HEAR can see this momentum from "Fortnite Effect".
Let me know what you guys think. High school,...
Symmetrical triangle with ascending and descending lines with similar slopes. At 75% of the triangle we should see a breakout. Could go either way. With bullish breakout from triangle it could take us to a 24.30 test. Bearish breakout could take us to support at 21.45. I am expecting a bullish breakout due to the momentum of the company due to the "fortnite...
Symmetrical triangle with ascending and descending lines with similar slopes. At 75% of the triangle we should see a breakout. Could go either way. I believe in it going long just based on the momentum of sales and Fortnite popularity. If breakout sees a continuation, could take it up to a 24.30 test. Bearish breakout would see support at 21.45. Sell stop put at...
Stock did a 20x in a couple months due to reports of their profit which stems from battle royale gaming that everyone plays now. If the gaming industry keeps heating up i assume this stock should perform well. Short term might need a little pull back before it moves farther up.
This is a volatile stock at the moment, so be careful, we can see there's an impulse then a pullback and another move extending over the HIGHS, so it's an irregular flat and we know how irregular flats behave, it's critical you wait for the break of the B wave because this can keep crawling up!. If it breaks and makes a correction on a lower time frame we will be shorting!
I shorted at the blue circle. The bottom is about to fall out. All the longs are calling for $25....know when the ride is done my friends or you kicked out of the park. I will take some profit at 14..seems like a decent support level. I will probably cover 50% and then place my SL ATH and I will enjoy the ride.
$HEAR is in need of a correction.
The past two weeks have seen enormous gains. Big players to sell soon and change their longs to shorts.
Looking for exit in 2-7 days.
We have a pennant formation and chart history shows it has been a reliable spoiker in the past. Looking for an entry at .49 after nice consolidation yesterday in a bad market
Possible Harmonic patterns setting up
Notations on chart!
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@BLawrenceM
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Probably not going to take this trade, but wanted to post a chart for future reference. If I see accumulation between 5-6 I may take a stab at a long position.
