1) I drew Resistance Line on RSI indicator and it has been broken this month clearly. Also RSI has 2 moving averages and they crossed each other. Purple(40.29) one is more than Green(35.77) one. 2) I drew Resistance and Support Lines on Momentum indicator. Resistance line has been broken. Security has taken support from Support Line. On the other hand, Momentum 0...
I keep seeing this Bearish Harmonic pattern everywhere. Lets see what happens
The script developed by QuantProgram seems effective..
last time it was here we saw about 6 months of consolidation, so better to wait for clear trigger break, and also shares over options due to wide spread on option chains. long trigger is 77.60 / short trigger 47.78
Taking a quick fun trade for some Thanksgiving bucks. Ill hold onto this short for the next week or however long it takes to reach goal. Enjoy your Thanksgiving! Hopefully everyone is off getting ready for the big day.
I had posted this, this morning saying this company TNDM was going to miss on earnings by more than 10 percent. Look at exactly what happened. 110 is coming. Some say Fundamentals.. nope, its all about a chart. I shorted at open. Had a limit short of 139.50 which filled at 139.75 A chart is all you need in this game called the stock market. Fundamentals...
I will call it game over.. if they bring it down on earnings and a market drop.. looks like 170 is coming. Then game over. Crash.
The good old ticker that I loaded up at 17 when I was new to the market and if I only had held... Sigh. Anyway... this gets down to the bottom of the trend, time to load up. This will run like mad........ I would not be a buyer at this point... let the pattern play out.
After a significant drop in the past 5 years, the price has raised significantly, and it seems to be a good short trade.
Possible trendline support with hidden RSI bullish divergence
It is like SELL SELL SELL until no one is left to sell..so demand increases..Setting bollinger bands on a 80 MA verses a 20 MA can show extreme selling pressure when candles fall out of the bottom band. Set them on a 3 standard deviation with a 80 MA to see Extreme selling pressure.. There is a falling wedge (FW) as well. Falling wedges slope down, both...
Estimated Earnings 2-24 AMC.. TNDM is trying hard to push through the resistance of the neckline which is at 98.70..Once it gets through that with a bullish candle or an uptrend, then could be a good trade as these patterns are fairly reliable. The neckline would become support.. This one can be volatile..just in case you have never traded it (o: R overhead as...
Correct me if I am wrong but based off my analysis it seems that TNDM is in it for the Long.
I was testing this pattern and Boom..it stopped at D..if price falls below D, then exit this trade... TNDM was under intense selling pressure and fell outside the bottom bollinger band set a -2, 2 and a MA of 80..(only used for noting selling pressure).. Stop below D... Possible T2 117.9 to 123.5 I am new to this pattern so do not trust me. Do your own...
A rising wedge is a bearish stock pattern that begins wide at the bottom and contracts as trading range narrows and the prices move higher. It is almost always bearish but can be a long term pattern. The pattern is not valid until bottom trendline is broken. Unlike triangles, bother lines slope up and converge, or narrow. Rising wedges interfere with supply...
Stock is falling 5 weeks. But it's seems it almost found the bottom. What we have: 1. 200 MA bounce on daily chart. 2. Almost bounced from 50EMA on weekly chart. 3. Bounced from the long term resistance/support line. 4. Oscilators shows the bottom has found. So, we have to get the clear reversal signal to get in. And if it goes it goes pretty high!