ZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August. Another earnings report in September led to a gap down that created an Island Reversal...
DRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator. The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing...
Broadening Wedge pattern has been forming since early September. The stock is coming out of an oversold condition while bouncing off the support trendline. I am looking for the broadening wedge pattern to continue with a price target of $160. I will be looking for how the price reacts when RSI gets around 50 to see if it will continue rising or if it may hit...
Rising wedge pattern with RSI bearish divergence & overbought stochastic. A breakdown in price can lead to a $115 price target which is a nice support level & 100% Fibonacci level.
XLI has just been consolidating since early March. Pretty simple play, just keep trading when bouncing off support/resistance or sit back & wait for the breakout/breakdown.
IBM recently gapped down after an earnings release. That gap down blew passed a previously existing gap from September 5th, leaving it open. Despite the earnings hit the stock did not fall below the previously existing support line dating back to June. If the stock starts finding some buyers it may be possible that the stock gaps back up creating an Island...
There was a gap down back on April 26th following a disappointing earnings release. Since then, the price has been unable to break above the resistance line created by the gap down. The price was rejected at this level for the third time but there is also an ascending triangle pattern forming. Depending on how earnings are taken there will either be a breakout or...
Pfizer had a gap down off their previous earnings release which has led to the formation of a somewhat symmetrical triangle pattern. We have seen the bullish breakout of this pattern earlier this month & the price has remained above while consolidating. If the stock price can remain above this line on a pullback then I would look for a fill of the gap from July around $40.
Pretty basic chart. H&S pattern has formed and the price is currently trying not to break below the neckline which would trigger the pattern. If there is a breakdown in price then the price target becomes $7.68. Situation sets up rather nicely on a reward-risk ratio.
TWLO has been pulling back since mid-July with the pullback now trying to bounce off the 61.8% retracement level. A bullish divergence has formed between price & RSI as well. There is potential resistance around $122. If it can get above that level then I would be looking at the 38.2% Fibonacci Extension level.
GOLD is breaking out of a bullish flag pattern. There will probably be a retest of previous resistance to turn it into support so we will need that to hold to confirm the breakout. Also, note how on the last Stochastic pullback that the price barely fell coming nowhere near the support line. A good sign of strength. Initial price targets are the dashed green...
There is a double bottom pattern dating back to late August. Energy has been the laggard YTD & is the only sector in the red over the last year. This may be the beginning of the sector finding some strength. If you take the Fibonacci 161.8% extension that gets you to a target of $68.79. The actual pattern breakout price target would be $71.60.
Let's see, earnings after market close, recent analyst downgrades over last week or so, & CEO just left to take over at NKE . What does the chart say? You may have a head & shoulders pattern but that right shoulder is a bit ugly. If you do believe it is an H&S pattern, then the price target is $198.30 which would take the price back to fill the gap from January...