Key Support line not far below price.
If price breaks this support line I will re-evaluate as I am watching this one.
Otherwise it could bounce around inside the channel for a while.
The bands are not contracting like they did the last time EPAM neared the support line, then broke to the upside until it hit the resistance line. It takes a lot for bands sets on...
Historically this is a very high RSI and we are near GANN resistance and the shape with gap is resembling a false bull flag as well.
Strategy is SELL current 435-445 range and take profit @ 390-395 for now.
This stock is quite overbought, and as one can observe clearly, it is high into the BB and also RSI is quite high from a historical perspective.
Strategy SELL current 435-445 and place profit order @ 388 for now. One can also buy a PUT option with a strike price 410 for example :)
The PEAD projected a Bullish outlook for $EPAM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.86%.
The up strongest up channel can be drawn with a formation that formed very early (2012)
Red horizontal lines are top points along the up channel
We currently just experienced a top point along this channel and price is falling from its touch
I have placed a green box where I think price will recover on this Weekly timeframe
This structure formed after a move to the downside.
Pennants tend to narrow at the apex like a rising wedge, except a rising wedge has both trendlines sloping up and this is shaped more like an Ascending Triangle. It could be an ascending triangle but just hard to fathom in this market. Ascending triangles do not usually have a pole but who knows??
This...
In the process of studying this company more! My gosh, it moves during the day- in the order of tens of dollars as opposed to one or two.
My thoughts for this week- it is just below a supply zone, so this could be a set up for it to reject the supply or blow right through it to the upside.
We should know within minutes of opening bell…
This one is up too much today for me to buy more of it but wish I had yesterday.
High is 725.40. Yearly low is 168.59.
There will most likely be resistance at the top of the huge red candle.
This security is in the tech sector which has been raining bullets as of late so a good long entry could be paramount.
Market up again today and I almost turned on the...
Several hit markers, stock is highly volatile due to market crash.
Had a 10% move today creating that could lead to the bounce back.
Day trade strategy - If it dips around 216 area and bounces a little to 218 then long to 230 being a key level with risk at 212. r/r -3.0 (if dips to 212 then probably it a false break)
212 being a key level today as it was...
EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance...
Been on this one a little while as EPAM has been another nice steady runner throughout the last year but had some recent turbulence at the end of September and November. With the S&P news it could give it another boost of momentum. Worth a watch.
EPAM Systems, Inc. provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia.
It has been having a great run over the last year, and on my stocks to watch list, but I feel it is a bit too far away from its 20 Day Moving Average and RSI...
EPAM Systems, Inc. engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.
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