Gap up and break out on opening and closed with a bullish candle supported by huge volume due to positive outlook and strong demand.
Bought in at $35 and then the market went manic depressive. Price is just under the lower upward trend resistance. If it cant climb above and stay there I will have to bail out, but I'm pretty confident a reversal is in sight. Stochastic is about ready for reversal upward, RSI is in good position, but needs to reverse up. Wish me luck, i may need it...
I bought in at about $35 and of course the market became manic depressive lol. But, IMO this stock has strong upward potential and is getting some eyes on it. Currently riding the lower resistance, if it breaks down then you can forget about what i said above ;) Stochastic is about right for an upward reversal, rsi looks good however its trending down...
Hoping for dip to 30 or below soon. Lets see. Forgot to mention...i see double top here.
With an expected great earnings coming up- I expect this to be the catalyst to push $BIG to $30+ and start an uptrend.
NYSE:BIG Obviously, the instrument was driven under the mirror level of 26.15 and now it is in the "box" between 25.03 and 26.15. Since the last bar from 21.02.2020 closed down and did not form an up-jamming under the resistance level, we can assume that we see the short player's actions. But in any case, we can start to sell only after leaving the channel...
Bouncing off of support as well! Lets try this again :)
I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is...
It just keeps getting better! If you didn't get in on the 20 ema/200 sma moving average crossover, then here is another opportunity as it closes the day breaking out of Darvas box.
Some may call this chasing, but there is a lot of room left to climb.
New Pattern heightens target after recent moving average crossover (see related ideas). Trend likely to continue in spite of market pullback.
If this crossover happens this may turn back into and uptrend, and it's off to the races!
Overbought indicators with bearish candlestick after huge jump suggest BIG will have correction near by 21.9 then continue uptrend leaving some of the gap behind .. or drop for further lower low..