Daily inverted hammer, green outside Multiple bottoming points, strong structure MACD showing cup and handle accumulation pattern forming Stoch shows multi trigger for buy signal in oversold territory 4 hour has multi bottom structure Quasi tweezer bottom (within $.05) range, green outside Gap to fill at 147.66 Stoch indicating (possible) inflection to the...
Bearish Three Drives with internal AB=CD. The AB=CD is showing nice bearish divergence.
Weak pattern, not the cleanest but again, could be interesting to see what it does if it fails to move higher from here.
IT looks good. On the weekly it has formed a double bottom. On the daily you can see a bull flag. The over all trend is up. MACD and Stoch RSI look good. I am slightly concerned about the OBV on the daily, however, when I scroll up to the weekly it looks fine. Overall I would suggest going long.
IT has stochastic divergence on support of a parallel channel. Look for the stochastic to turn up and for the stock to move towards to top of the channel. Buy: 117.00 Target: 119.29 - 121.94 (1.96% - 4.22%) jbzstocks.com @jbzstocks
Another company from the technology sector. The breakup of the pattern and the new historical high give us a signal to open the position. In general, the stocks are high enough, but I think that we will test again 2400 points on the S&P 500. And then you need to be very careful. Do not feel euphoria about the growth of indices. At any moment everything can stop....
IT- Short Trade Logic: Huge insider selling & technically weak as it break below EMA 5, 9 & MA 20 Entry Price: 98.43 Target Price: 91.36, just little above 50% Fib Retracement level Stop-Loss: 101.73 Option: Sep16, 95 Put; currently trading at $2.35 & Sep16, 100 Put; currently trading at $5.55 You can check our detailed analysis on IT in the trading room link...
A strong earnings report has Gartner ($IT) headed towards the top of its recent range. Since November 2014, price range has mostly been between the 80-90 level, averaging 85.77. The typical momentum breakout is probably not in the cards for Gartner, as advisory services isn't a sexy industry, but it wouldn't be a surprise to see a move towards 100 over the next...
Traders, Really liking the short aspect of this trade, looks very high probability to me. All notes on chart Best of luck, Tom
The chart tells a story and the story unfolds bar by bar.
The chart tells a story and the story unfolds bar by bar.