Bullish Pennant formed on a 1-year bull run.
Great risk-reward ratio and target set at a potential formation of a 3-year resistance line.
- Target Entry $251.97
- Target Stop Loss $246.26
- Target Exit $280.85
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be...
The PEAD projected a Neutral outlook for $SYK after a Positive over reaction following its earnings release placing the stock in drift B
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I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 68%
TARGET (EXIT) PRICE = 215.25 USD
BREAKOUT (ENTRY) PRICE = 211.18 USD
DISTANCE TO TARGET PRICE = 0.96%
EMERGED ON = Nov 05, 03:00 PM (EST)
CONFIRMED ON = Nov 05, 02:59 PM (EST)
WITH CONFIDENCE LEVEL = 76%
The Rising Pennant (or Bullish Pennant) pattern...
Could wait for confirmation, but I prefer to buy at support (bottom of pennant, so I can set a tight stop) and sell if there's major resistance at top of pennant, but I'm expecting a breakout to upside.
After consolidating for the last weeks, Stryker finished above the downward trend channel today.
MACD with positive crossing in 4-hour chart.
RSI crosses 50.0 and turns into possible buy area.
Waiting for confirmation and/or retest of channel top + volume.
Interested to hear your opinions! :)
Hey traders, STRYKER CORP is a very interesting moment, sign of a certain increase in buyers' return, touch on the trend support. the question is whether they can break the consolidation zone.
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Stock is much better valued now and buyers may come in soon, as stock is at first support (green line) and monthly price came down to cloud. If price goes below Monday's low then we can see stock retreat to 122-110, between dashed yellow lines.
Note: Any calls I buy are day trades or short term swing. I am looking for a market bounce soon, and eventually...