$GLD $GC_F Entered Breakout Mode from its descending triangle chart pattern. I posted about this development back on september 9th here. Close below support yesterday and followed through in a big way today. Price Target added to chart. post from 09/10 here.
Left shoulder and Head are in. Right shoulder in the making? Plausible and something to be on the lookout for.
The stock attempted to close above $75 and head into ATH territories but failed to do so on multiple occasions. The stock has now formed a 5 month trading range with $61.50 acting as support that has been tested 5 times. Selling volume has been heavy in recent days and the stock has closed below 200 MA 8 out of the last 9 sessions. A clear daily close below...
Broke out from its 3 months cup and handle pattern on Monday and tested breakout zone early in the session today. I was able to grab some shares @$20.29. Pattern price target added to the chart. I will be taking profits around $24.50 though which is just below all time high (if the stock ending making a run to that level). I posted about this consolidation...
NASDAQ:FRG formed a 3 month cup and handle chart pattern testing pattern boundary @ $26.75 multiple times and broke out last Thursday. The stock pulled back on Friday with the market selloff and is now testing the breakout level. This is a breakout pullback entry setup. Chances are stock will head higher to profit target around $34 considering the market...
Clear defined chart pattern resistance @28. A daily close above that will confirm the pattern and set the stage for the next leg up.
Big day for ROKU that sent the stock to ATH, breaking out of 1+ year continuation head and shoulders chart pattern. If the market stabilizes here, this stock's path of least resistance is much higher prices.
Less than 2 months in length but a clear close below the neckline today. Price target listed on the chart. 200 MA is an obvious support level. A daily close back over the right shoulder will negate the pattern and possibly set the stage for rally back to chart pattern head high.
STE broke out from its 3 month symmetrical triangle on Monday with a good follow through to trade at all time highs. I alerted to this consolidation breakout setup forming back on August 17th here
Posted about this setup few days ago and now a symmetrical triangle is forming inside of the bigger 4 month rectangle chart pattern. A daily close below symmetrical chart pattern will set the stage for the next leg down in the stock.
Posted about the setup taking place back in July and again in august. Stock closed below neckline Friday and lost over 8% today.
Very appealing setup on this cup and handle 3 month chart pattern. 1. Handle taking the form of rectangle consolidation 2. Handle forming right above 200 MA (bullish) 3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line) A decisive daily close above $26 will confirm the pattern and the breakout and set...
NYSE:AVNS forming 4 month ascending triangle chart pattern with $34.50 testing multiple time and acting as resistance. Chart patterns that accomplishes 3 things when they breakout are ones that has the most chance succeeding. When the breakout takes place (daily close above $34.50), AVNS will: 1) Close above its Ascending Triangle chart pattern (blue line on...
NASDAQ:SBAC been trading sideways for 4 months forming a well defined ascending triangle chart pattern. The breakout will send the stock into ATH.
Textbook ascending triangle chart pattern breakout. I posted about this breakout setup as it took place on September 10th here
NYSE:WWE formed a 4+ month rectangle chart pattern closing below support today and thursday. Took a shot at the short side with a stop on a daily close above the red dotted line. I posted about this rectangle pattern forming back on August 22nd here
or else 8 days short term rectangle pattern will resolve to the downside.
Nice trade setup forming on NASDAQ:MGPI . A strong daily close above the 4+ months rectangle pattern will also clear the 200 MA. The stock has already cleared a weekly downtrend line indicating a possible shift in trend to the upside.