Has broken out of previous resistance. I would expect it to return to the trend-line for a good entry and bounce to the upside. (This is for educational purposes only)
SO has retraced almost to the .786 fib which has been major support. I am watching for a bounce to the upside. If so, I will add to my position if it breaks resistance at the .618 fib.
According to other analysis, this is what is being predicted. This chart is for my educational purposes of learning to draw and work with Elliot Waves. This is a possibility. The timing as not going to be accurate as I did not draw the waves based on predicted times.
Following an ascending channel 150 & 200 MA are equal. 50 MA crossed above Expect a 3-4% increase in next month or two. Pays great div Revenue growth over 20%
I did an earlier Idea on this stock and noticed that my trendline and fib could have been off a bit (it's what happens when you've be staring at charts too long :-). I am watching this trend to see if it breaks and falls to previous levels of support or if it continues on its upward bullish path. If it bounces, i will enter the trade at 20.00- 20.75
The Current stock price is above both the 150 day and 200 day moving average. The 200 day moving avg line is trending up (for at least one month) early in the year. The Current stock price is trading above the 50 day moving average. The current stock price is at least 30 percent above its 52 week low. (3.5x years low) The current price is within 25% it's...
Watching to see if it breaks the upper resistance or bounces and falls back to support at 61.00.
Broke decending resistance. Starting to follow an uptrend .
Watching to see if this bounces against resistance again or if it breaks. Watching this stock
Looks like possible bullish continuation. If it holds support, expect it to continue in a bullish uptrend.