From the looks of things, AMD is forming a nice Head & Shoulders pattern which gives multiple opportunities to capitalize on the short side. First by hitting our target neckline, then breaking that neckline and moving lower to the patterns short target then heading even lower to it's next level of support. I'm just focused on the neckline for now, however will...
Shown here is a pretty clean Head & Shoulders pattern on top of BTC/USD 's exponential rise. The neckline has provided support for the crypto-currency thus far, but for how long? Will the form a second right-shoulder and crack under pressure? That's the view I'm subscribed to for now. It's difficult to imagine this rally carry on for much longer - but hey,...
This is one of the cleanest H&S patterns I've seen in some time.
Price is currently above the neckline which puts my systematic trading approach in the Long camp up until COG is beheaded.
Target price for either scenario, Long/Short of the H&S pattern is shown by the colored boxes to the right of the last close. The Short side has additional support show by...
It's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire.
TWTR closed the day just below the...
There's not much to say about this chart, it's pretty straightforward.
A few points to think about:
1) Trendline > 12 years
2) Trendline wasn't breached during the Crash of '08
3) U.S. Dollar continues to deteriorate (In real life)
