Hey people, COLFAX CORPORATION is in a bullish movement with a large buy volume executed. And we can see the great shadow cast by buyers to drive up the action. In the TIMEFRAME 1 Min we see a rejection of the sellers and a collapse of the title which is heading towards its last low point. Then a recovery in its rise great possibility of breaking the line which...
A few reasons to be bearish on $CFX
1. The last two financial reports are negative with an EPS(-3.19) and (-3.37) respectively, an
2. The company is overvalued with a negative PE (-8.9), which is a red flag.
3. Balance Sheet:
Total Debt (MRQ) 4.192B
Total Assets (MRQ) 9.591B
This is a good one for your watch list. I'm looking for this to break up and out of this triangle. I'll be looking to for a long entry on a close over $36.50. This is also in the IBD top 50 list. Ideas, not trading / investing advice.
Colfax Corporation has been trading within an ascending channel since early October. It briefly opened below the channel support line on December 3rd but found support along the 50-day EMA line to regain the channel.
An intermediary symmetrical triangle pattern was created from the November 1st top & we have just seen a bullish breakout of this symmetrical...
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
You will be notified whether to proceed to S.L.2 / T.P.2 scenario.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a...
This idea has potential due to the bearish gaps in the (Red Circles) Always the same principle Support becomes Resistance
(Red Arrows= Resistance) (Blue Arrows= Support)
This is a Swing Trade that can become in a Position Trade if the price drops below the Support line in 25.00
For a swing trade the target is above 25.00.
This a bet about the future this is for...