A price action above 340 supports a bullish trend direction.
Increase long exposure for a break above 355.
The profit target is set at 400.
Stop-loss is set at 325. Negate the bullish stance for a break below this level.
The price action remains just above its 200-day simple moving average - supporting a bullish trend direction.
Testing its 200-week simple moving average.
Reconnaissance
A gift from the candle stick Gods.
This is a TSX Canada.
Where do you think it's going?
Nothing special, spiked a bit and will
continue up smoothly imo
The PEAD projected a Neutral outlook for $COO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
The PEAD projected a Neutral outlook for $COO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
The PEAD projected a Bullish outlook for $COO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
I am losing motivation on this ticker but it is still positive on the 1 hour time frame.
Im in 350 calls. I need to cut bait soon if it does not perform.
The PEAD projected a Neutral outlook for $COO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
A price action above 387.86 supports a bullish trend direction.
RSI is at 37, leaving room for further upside price potential.
A price action close and below 385.52 increases the likelihood of a sudden temporary correction.
ADX reading of 28 indicates a strong trend that remains intact.
13 April
MACD cinched
ATR is moving down and settled
Stochastic is moving up
Bull pennant with a break
I play this one often, booked $290 on it yesterday, reentered today (April 13); I grabbed May 21 expiration, 390 strike
Greetings fellow financial astronauts!
I'm expecting a drop in COO shortly, followed by a rise leading up to the anticipation of earnings. I know you've all been asking for more specificity regarding my patterns given that I don't rely on indicators. Here it is.
➡️Pattern recognized:
Potential running flat Elliott correction wave.
➡️Hypothesis:
Bearish...
apparently it was a fake break out to the upside first hit my buy order and then next trading day it hit my stop loss, lets wait to see where it is heading now certainly will wait until the conversion line crosses above the base line.
Expecting to go more up since it broke out from the multi month triangle conversion line crossed above the base line and now it is above the cloud. green line entry and red line is the stop loss.
The PEAD projected a slight bearish outlook after $COO earning release with a negative over reaction following earning release placing the stock in Drift C
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Earnings 12-3 AMC..
COO was trading in a rising narrowing bearish rising wedge but has broken bottom trendline and price has fallen. Appears to be recovering. On average stocks fall 35% when bottom trendline is broken. A RW can be a very long term pattern and is not valid unless bottom trendline is broken, A RW takes at least 3 weeks to form...but usually much...
