In Oct when the broad market fell, STRA held within it's compression area and did not break support. This builds to my hypothesis that this breakout is lasting
7.12% Risk position of 77.67 is 50% of the compression area
- H1 SPX is showing a clear bullish trend
- D1 SPX is showing strong bullish candles
- D1 STRA is showing a strong bullish breakout
Need to...
Dying Demand:
Since 27 Jul, we have seen buying strength bring price up towards key levels only for it to be brought down.
There is a KL at 77.67 and price has been unable to sustain the breakthrough only to be brought down very quickly
Compression zone: Price since 6 Sep has moved into a compression range.
4H price has been moving with the 100EMA
...
This stock is unknown to me, but I got it in meditation and just feel like warning people (even though it's not traded much). And, maybe I'm wrong, but technically it looks like down regardless. In addition, there is a tight daily squeeze which could really bring the juice.
Specifically, I got the letters STR, and after a moment I got the A with the word...
$176.13 is a strong resistance to overcome. It may take couple weeks more to be strengthened and break out. It seems right shoulder missing head and shoulders,inverted pattern. Watch for RSI trendline as well.
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Techno-Fundamental Mix :
From the 2009 - 2010 financial crisis levels (purple box on the left), Strategic Education's stock (STRA) was in a distribution phase and on the verge of collapsing with the business cycle of the macroeconomic scale of the U.S. economy. From the $240ish price level and by August 2010, STRA gave up the ghost, falling to $34 by 2014, where...
Look the red circle and do not conceptualize about the name of the pattern you only need a trained eye
look only the last 2 candles (the long lower shadow + the big green candle)
Not overthink, for not overthink you need a trained eye
then look this, with only one horizontal line I try to present the idea
remember that I work with the concept that resistance...
