DFS had a tightly compacted consolidation, indicative of large-lot pre-swing activity. The stock gapped over the previous high’s resistance easily. It is now in a resting mode again. The stock now has support from the previous highs.
DFS is approaching our first resistance at 68.49 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 61.75 (50% Fiboancci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
DFS is approaching its resistance at 68.30 (76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal to its support at 63.05.
Stochastic is approaching resistance where a corresponding reversal could occur.
DFS is approaching our first resistance at 68.75 (horizontal pullback resistance, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 61.75 (50% fibonacci retracement).
Stocahstic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
DFS is approaching its resistance at 63.98 (38.2% & 50%Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 59.41 (50% Fibonacci retracement).
Ichimoku cloud shows signs of bearish pressure.
DFS broke out of its major support-turned-resistance at 58.22 where price could further drop its support at 52.14 (76.4% Fibonacci retracement).
Ichimoku cloud shows signs of bearish pressure which contributes to our bearish bias.
DFS is approaching support at 58.2 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 67.03 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 0.62% where a corresponding bounce could occur.
DFS is testing its support at 63.91 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 71.92 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 1.2% where a corresponding bounce could occur.
DFS is approaching our first support at 63.61 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 72.27 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastics (89,5,3) is also approaching support and we might see a...
Chart pattern recognition in real time is something that do not need too much minutes for analyze,
In a past post I commented about no expend more than 3 minutes rethinking, reformulating, reanalyzing
But it sounds contradictory If I use a discretionary method for picking stocks and I have thoughts and opinions about the stock chart that I watching
For example...
American Stock DFS Discovery Financial Services has a clear long bias. Price fell short of retracing to this weekly demand zone around 57 area. Brand new weekly demand level, that imbalance around 59.55 has a very strong and explosive bullish impulse. New demand levels are being created, supply levels are being eliminated. Longs at weekly demand zones for a long...
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DFS
