^range on chart^ Short Iron Condor 10/22 EXP $300 collateral per quantity Levels on Chart Position was built with positive a R/R, so stop levels are built-in.
Looks like descending tops on longer time frame, if rejection of resistance trendline confirmed, I expect test of ~52. Beyond, if 52 fails, I expect retest of support at ~46.66. Otherwise, breakout PTs are 58, 59, 61
On December 2, we saw the gap fill down that many of us were anxiously anticipating, but it looks like it happened a little fast, leaving a gap to fill on the upside. Since then, following the initial decrease in volume, we can see it back on the rise, an ascending RSI, a double test of support around the 217.86 level, a Dragonfly Doji for Friday, and a negative...
Ever since breaking the down trend in early September, we can see volume on the rise, bullish MACD cross on 1SEP plus the zero cross more recently, and potential completion of C&H pattern. Previous Highs before the pop were 1.87 to 1.95 followed by a 16 day range between 1.24 and 1.5. If the C&H holds true then 2 is a strong technical level, although on recent...
We’ve seen this before on Gilead pre-pandemic; It traded sideways above this zone for a little over a year on descending YOY earnings since 2016. Following the gap down 19 AUG, we’re now seeing a bullish MACD divergence plus an ascending RSI on the daily to signal a break of the recent down trend. With more positive news surrounding their COVID-19 treatment drug,...
LULU found support in this buyer's zone, now finally seeing the bullish MACD cross below zero to retest 330.50. if it can hold 330.5 w/ volume we can see a gap fill to 348-349 range
This will be the fourth retest of resistance for LVGO with ascending bottoms. The bears will be worn out soon enough. Expect to see large volume followed by new ATH
Predicting breakout with formation of bullish ascending triangle, then retest of previous high, potentially to new ATH.