Rallied last 2weeks on news of UK purchasing extra vaccines . Could be profit taking. ow that the deal is certified or the old "Buy the rumor, sell the news". Over bought on every indicator, now the only thing left is wait for it to break the trendline for reversal conformation. Trendline break 160 Entry 159
There will be no gap close to 400 while earnings is still in play. yeah yeah , we see the low volume, the macd death cross , and the top of the channel touches . I think you can never neglect fundamental news and go full torpedo with technical analysis. The fundamental news here is that the 5 biggest companies listed report earnings this week and even if...
clean energy had a nice week and plug individual price upgrades help move the stock but is the reversal really here? Here are my 3 reasons I'm not convince of plugs comeback 1. This stock is severely shorted with a 20% short float . Anything over 10% is to high. 2. Still below 200ma (Gold line) Got rejected thursday. 3. Needs to break above that...
chart pattern is clear : Base or consolidate a few days then bull flag. The only bearish thing about this picture is the leg ups are getting narrower. RSI has room. I charted a symmetrical triangle started in January. Technically chart looks bullish short term (remainder of april) Fundamentally Johnson &Johnson vaccine okayed again + Earnings are...
Has been trading in a rising wedge last 4 days. I got conformation with the pullback and rejection towards the end of Friday big rally. Monday possible top could be 14105 Channel top (Green line). This week should be interesting with big tech earnings in play. Keep in mind Powell speaks Wednesday and will be addressing Interest rates and future Tax hikes. ...
Seems like a bunch of Nasdaq listed stocks are showing and breaking out of Inverted H&S patterns; Snaps turn maybe next week. Pattern can be view on RSI also Entry 65$ Target greenline (Fib ext)
Conformation neckline 394 Entry 399 Stop 393 Targets are green line (Fib Ext)
Oversold on RSI Bounced off the bottom of channel You could enter here with minimal down side or wait for a breakout of downtrend(yellow line)
I'm skeptical , but if it cracks and holds 142 we fly blue sky. Had its first positive earnings in years
Well, I ignored the Hang man candle stick yesterday and paid for it. Fell thru its channel yesterday And found fib support at 13847 fib. it's currently testing that position premarket. if 847 (purple line) gives way then there is no support until 13755 and after that we're talking gap closure drops. Looking at the history of earnings on big tech there is...
Handle coming along nicely. waiting for a breakout above 337.60 or Fib .786 for conformation. With "Wayday" approaching that might be the catalyst.
Broken trendline Head and shoulders that can be viewed both on chart and RSI @ 49.00 Selling volume broke resistance as highlighted Double top conformation yellow line 246 Target 235 .5 fib level This all started with news of grounding of 737 because of electrical issues.
Headed up to ATH 14175 in a narrow channel that it has been respecting since that last gap up. It's currently about 140Pts away from channel top and 120 pts away from ATH. I'm expecting an up day on Monday and depending how high we fly another leg up on the following day. . Candle stick is showing Hangman and normally I would be bearish but worst case...
Bounced of trendline yesterday and broke thru fib .786 Stop loss at 23$. target ATH 27$
Got rejected on 50day ma yesterday which made for a better handle. let's see if it breaks through today . entry 1650 Purple line-50ma- 1637 Blue line-100 ma-1646 Gold line 200ma white loop -Cup
Forming a pennant on daily chart. Johnson &Johnson's misfortune still wasn't enough to push through. Channel resistance intersects with fib resistance at 204. Public info says vaccine approval expected for UK and US use this quarter. Entry 204 or pennant break out targets (Green lines) are fib resistance
Crazy run this stock has had... Overbought on all indicators and its approaching trendline resistance and with weakening vol I don't see it pushing through. Might get another green day and inch up to 77.30 -77.50. Look for the reversal candlestick. Target is fib yellow line fib extension. 786
The bigger picture here is the cup it's been forming which started after that major uptrend last spring. Now in yellow you can see the shape of a pennant forming which could be the handle on this cup. All indicators are bearish here but I did notice the selling pressure slack up on Friday. Here's the strategy I'm applying If Pennant support gives way short...