My guesses:
If the pattern holds, IRBT will turn down to around $102.09 before beginning an upswing again. The RSI is right for this scenario, and the anticipated drop in price before the earnings report on Oct. 23 would indicate a final drop within the next couple of days, followed by a holding pattern until earnings, before turning up.
However, I don't...
IRBT has been falling at a sharp angle, and even with the slight upswing today, considering the pattern over the last several months, I noticed three things. First, IRBT almost always goes down before an earnings report, followed by a sharp upswing immediately after the earnings report. Since the next report is coming out Oct. 28, I believe we will continue to...
The six month regression shows a constant drop (as does the one year), with a slightly smaller angle starting at the one month period. However, beginning 9/12, the angle has turned upward. There are several periods that point to a possibly breakout, and a nice fib-trend triangle indicating continued upward movement. Looking at the the DMI, it has been a very...
Reminder: Not a professional!
It appears that a third triangle may be forming. The second triangle had a false start before climbing a little further, then dropping out. The same situation may be happening now. We'll know tomorrow. If so, probably best to wait until the triangle reaches the bottom again before considering buying.
NVDA appears, over a 6 month period, to be on the rise. At three months, it is still on a rise, but at a different rate. Near term, it appears to be closing in on a support line. For long traders, it looks like it is still bullish, while in the short term, I would stay out until it hits the support line to see whether it bounces or breaks the line.
Not a professional and just getting back into trading.
However, after studying ETH, I have found that the trendlines I drew are pointing to an intersection, the late three days have stayed within a sine wave oscillation, and the stock will need to break out of this cycle before I feel comfortable buying. The top of the sine wave is where I would want the next...
