Price now again at the critical spot where it failed last two times. Will third time be the charm? Incredible volume still hasn't revealed the real move this can pull off above 42. Disclaimer: Long via commons.
Another name that has showed strength when this sector has shown weakness last few days. Bodes very well for a breakout. Upside targets 20, 28 Bear case: Gets sold hard here and dips below 12 Disclosure: Long via commons at 13.65
Test of 200 DMA seems to be in progress. What happens tomorrow could be vital. If it can break above 16, can squeeze right up to 22 first and then 26. Failure here again would send this to new low. Alternate scenario is it keeps building inside the 200 and 60 DMA. I took a start position today at 15. Will add or trim as PA reveals the trend.
Starting to form a flag on daily. Has been volatile in the selling zone, but all the dips to 10.50 have been bought so far. once it breaks above 13, likely to see 19 real fast for 200DMA cross. If 10.5 goes, next stop would at 8 and 6.
Been meaning to post this chart for a while. Another example of why trying to catch the bottom is fools gold. Most of the action happens after the confirmation, after buyers show up. I have been bullish on the airlines since march and got in early around 32...when it went up to 36 and continued to go lower, I cut the position, but kept this on close watch. as...
Got sold hard yesterday into the supply zone, despite good news, but that proved to be backtest of breakout level at 16, which was held and it got yesterday's gains back. Two overhead levels to watch, first at 600DMA around 19-20. Second, is overhead supply at 22. IMO yesterday's sell-off was test of 200DMA and today's PA tells us that bulls like the...
Coiling in a textbook fashion. Right side of inverse handle likely to be formed up next. I'd expect a pullback again there for more consolidation. T1: 14 SL: 11.30
Testing 200DMA on a solid volume. If it builds between 200-50 DMAs i.e. 18-14, likely to emerge as a big winner on the long side. Failure here would test the ATL.
This multi year pennant break resolution should provide a a good opportunity in this name that seems to be basing quite nicely. 3 Day MAs are starting to point upward. ++ 60 VMA crossed 200 DMA +++ Price consolidating above the volume shelf at 10.60 +++ What it needs to do for long: Test 12.5 and continue to fill the supply from last ER. Pullback at...
Looks ready for liftoff. 3D char shows accumulation. Breakout likely here. Long with S/L 20
Price diverging from the 11EMA and 60 VMA. Breakdown should send this to 5.10 and ATL. That might be last impulse move to downside. 4.5 would another zone of interest for bottom. no reason to be bullish here. Downside capitulation risk is high here.
this chart needs no explanation. Overhead trendline resistance test in progress. That should create another pivot for eventual breakout. Likely candidate for a run later in the year.
Pricing crossed 60 VMA and 200 DMA in recent rally. +++ 3D chart looks much better with price right on the volume shelf. ++ Recent volume could be better; suggests another pullback is possible -- Takeaway: Seems to building phase2 nicely. breakout should happen soon. Keep this on your watchlist and your portfolio for the long term.
Daily MA is coiling above the 69 VMA +++ Bullish breakout out of the pennant is in progress +++ Range has been quite narrow + Showing similar price action as NFLX. I expect upward pressure to build to test 200 DMA in coming days. Disclosure: Went long yesterday at 50.65...for now I will use that as the stop loss. Target 60.
clear downtrend channel on the 3D chart. another lower high should mark end of this santa rally, but if the price doesn't break below 3950, watch out. Worse scenario for both bulls and bears is slow grind for next few months until macro situation becomes clearer in Q1. Price action in mega cap ahead of Q1 earnings would be first sign of things to come. I...
Claimed VMA on 3D chart +++ Hanging below confluence of 200DMA and VMA. Any futher tightening at these levels would set this up perfectly for breakout. ++ volume shelf 30 is already tested. Above, 45 will come fast. Still early, but showing great strength over the last few months in a terrible market condition. Must watch for next few months.
Got sold hard into the supply and trying to base below 200DMA. Good ER didn't do much good, but 14 is the volume shelf, if it can build there, It has better chance of breakout to the upside soon. below 14, will continue to fade to 11 and 8.5
Held VMA and printed a big bullish candle on 09/28 ++ Now reclaimed 11 EMA and seems to be bullflagging on daily. ++ Has shown good resilience in weak conditions. If it breaks 252, will likely test 300 before ER.