Took this short and while waiting for the last target to hit, I see another trading opportunity going long.
looks like another inverse h&s that could also be buul flag high probebility of upside look at arrows for price action very nice idea by @juniortrader
A very stong resistance has been broken and the ADX/DMI is indicating a very stong uptrend has started.
The bull market is over. Sell short stocks for the coming meltdown
and a hammer Friday, did they let technicians into the paper?
This stock is a good value and is at the bottom of a weekly channel, at horizontal support and at key fib levels. This company is changing with the times and is focusing on "faster-growing regions and higher-return businesses," according to S&P Capital IQ. What's more, YOUNG RAY G (Director) recent direct purchase of 2,000 shares at $51.98 per share on May 7,...
My charts are setup initially to look for Wyckoff trend continuation patterns, such as re-accumulation and re-distribution, because in general it is better to trade "with" the trend rather than against it, but sometimes these patterns fail and lead to distribution, such as I think is the case for IP. Ultimately it is tough to differentiate between a congestion...
IP has been trading along an uptrend line, from June 2012 to June 2013, reaching as high as $48.68. However from June 2013 to now, price has been consolidating sideways between $43 to $50, for about 15 months. This is essentially a very clear Rectangle chart pattern, which indicates a pause in the upward trend in , with an intention to resume the uptrend in...