I've charted fitbit before and talked about my thought of them as a business and fit tech as a trend so ill stick to what on the chart right now.
Last earning they lowered their expectation , before the holiday season started. Then reported had lower then expected sales black Friday. The stock dropped through the ...
We were discussing coffee on in the vent trading room.. it very hard to not discuss starbucks when you talk coffee , they are the titan of distribution. (think mining stocks and metals)
So on a weekly time frame , you have a pretty well testing bottom level but an ascending top level.they a 1 cent surprise last ...
someone asked me to look at ETHBTC ...
This whole coin is a mess. between hard forks ,internal drama and bitcoin pumping, i dont see a "solid" buy on anything below the 3 day timeframe.
very choppy and would be a no trade zone as a stock.
i've charted BONT before so im not going to spend a lot of time talking about the past performance of the company or the oddities of its performance but ill still strictly to the charts
Since i last charted this guy, it looks like it had a false breakout and now is caught in a giant triangle, quickly running out ...
UA today set investor expectations that future growth would not be as large as the last two years. It made its rounds in the news and lead to an 8 hour sell off.
However, if you look over the pure financials, UA has consistently met or beat earning expectations. The talking heads were quick to calls this a "junk ...
Here are the levels currently
lower highs, higher lows and uncertainty leads to be forming a consolidation pattern before the next move.. its running out of room quickly
The drop earlier this weekly tagged the monthly s4/weekly s1 exactly
Currently price action cant seem to get over the monthly s3 for longer ...
I dont believe in coincidences in markets.
what you see here pictures is:
- H + S average target is the length of the head to base down ~62 pip puts us at about 102.90
- short term ascending bottom support line from starting 10/4 caught the initial drop and where we closed
- (sloppy) descending wedge is nearing ...
BBY despite my personal opinion seems to be doing very solid the last several years.
all earning better then expected.
slumps are typical rise on earning, shorting into dividend pattern
seems to have formed an adam + eve bottom and reclaimed it last level
probably will rise into earning , sell off a bit into ...
took a quick look at Walmart since they lowered earning expectations for the holiday season, ie the one season retail is expected to make money.
From a technical stand point, this doesn't look very bad at all though. Stopped exactly where it would predictably stop. No trends really broken.
Buy/Sell orderblocks are ...
Disney earning were up, the index is dragging it down. This tell me that there might a buying opportunity soon.
This idea becomes invalid if:
disney / espn drama turns out bad
the indexes keep dumping
if the 3d H&S continues to past its average target of~87
one trade plan might be below 90 above 86 stop ...
*I DO NOT ACTIVELY TAKE RETAIL TRADES, USE YOUR OWN JUDGEMENT*
huge earnings surprise
double bottom at 11.89.
index still in uptrend
fitbit gear trend still increasing. no great competitors.
Problems getting over 15.95 which has created resistance, even with a the surprise better than expected ...
someone asked me to take a look at $etsy . i hold very few stocks and generally dont trade retail stocks and may not actually take this trade
9 month accumulation in demand area.and break out
Nasdaq made lifetime highs today
etsy has a suprise earning where the made more then expect per share -.03 ...
market was not happy with the economic plan and non-positive interest rate change and looks to have overreacted. This would indicate that a throw back is in order before ether a continuation or reversal. With no major japan news over the news fews days, heres are a few potential levels to keep an eye on based on ...
Quick application of wychoff model to our current bitcoin price action.. we are ether in a correction phase or a breakdown. I'm inclined to believe correction at this current point.
correction vs mark down
a mark down requires a failed rally attempt. a rally is defined by a breakout of a local top on high ...
Friend asked me to look at UnderArmour for a possible buy opportunity
Based on weekly and 3d support/resistance , stoch position and the fact that UA always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.
the idea becomes invalidated if the ...