This is an interesting find. the stock is one of those silver stocks that move with the price of silver. If you scroll up to the monthly screen you can see a very shallow inverse head and shoulders bottom. Then when you scroll back to the daily, there are layered bullish formation in tight formation. This is nice when you find them. We start with an adam and eve...
Here is another one. parabolic breakout with great OBV. This one could go into the teens or higher. this could be an easy double your money.
So VCEL has hit a new high and is breaking out of a multi-year bottom. Remember the rule! the bigger the base the higher the space. Not since 2014 has this stock came this close to breaking the $7.00 mark. The difference between that pop and this one is the OBV! Someone(s) are buying a lot of this stock. I will take a guess at a profit target...maybe $17-21, but...
CRM formed and ugly bull flag on the weekly chart. I say ugly because it has sharp dip that breaks the bottom trend line. I think we can forgive the dip. Otherwise the stock looks good on the daily, weekly and monthly charts. With 3-1 RR, i think it is a good long candidate.
Love this stock. 6 RR ratio! FSLR has formed an ugly rectangle bottom with a potential parabolic breakout (notice the curve at the end of the rectangle. Volume looks good for continue breakout. Also, scroll down the time frames. Notice the stair step pattern. These are classic signs there is a buy accumulating large stock lots at one time. The broader market has...
Bull Flags... How I love the..... "Let me count the ways. I love thee to the depth and breadth and height My soul can reach, when feeling out of sight For the ends of being and ideal grace. I love thee to the level of every day's Most quiet need, by sun and candle-light. I love thee freely, as men strive for right." Elizabeth Barretts words ring true today. I do...
ATHM has formed a cup with handle formation. The handle flagged down nicely and looks like it has complete. Using the measure rules you can project a price to around $126. If you are a Fib person you can project to $100 as the first profit target. I am not a Fibs expert, I do think it is a useful tool with projecting upward profit targets. This stock has done a...
looks like a rounding top breaking downward. Someone could probably classify it differently. Maybe a pennant . The chart looks ugly all over. scroll up and down the time frames. They all have oscillators pointing down and the overall trend is down. Anyways looks like a continuation move down.
Forming a nice flag, but has not confirmed yet. Waiting for a cross above 13.74. I love flags. They are excellent trend confirmation and easy to identify. Also, you can scroll up and down the chart time frames. They all look pretty good; from the 15 minute to the 1 month. I will add to my watch list. You should too.
If your in EXAS, I would go ahead and get out. It powered out of a nice rounding bottom to blast towards an unsustainable rate of ascent. On the daily chart it looks like it formed an eve and adam double top. Its formation is however, a little messy. I would cut gains and hope for a re-entry bounce at support. If you want to stay and wait, i would suggest raising...
wow do not find good short opportunities like this very often. Double top, possible adam and adam, that has already completed a throwback. I used the 4HR chart because it really pops out at you on the chart. Also, there are several trend line breaks. MACD is not looking great, leaning down. Stock on higher time frame charts will likely lead the MACD down. But...
BSET has been on raising trajectory for the past few years. It looks like top is on the daily charts. I think it is a rectangle top, however, you could classify it as a head and shoulders. The chart has broken a trend line and attempted to re-attack the trend line. The MACD is breaking down on the weakly chart and rolling over on the monthly. Stoch RSI on the...
ANSA has formed a rectangle bottom. I am currently waiting for a breakout. That could take a while. Stock the have been battered and bruised like this one usually take time to form bottom....or they go bankrupt. If you look at the monthly chart, the stock has broken a downward trend and the macd has crossed up. So that is good. I would set an alert for...
I wish I had found this stock easier. This thing is forming a parabolic breakout on the monthly chart. Why? Medicare just said they product can be covered! Further the street is projecting at least 20% revenue growth. When you scroll down to the daily charts, it also looks good. Plenty of basing patterns to setup for big launches up. This one is going in...
NVDA is looking good. Just completed a nice cup shaped recovery on the daily chart and broke above overhead resistance. On the weekly chart it looks nice too. Kind of forms a flag ready to complete it's formation. I would also note how smooth the monthly chart is. It is like Amazon, you just need to stay on the escalator. Do not fight it! Enjoy the...
I know this is not one of the fancy bitcoin charts many of us see very often.....however, it is a straight forward wedge. My recommendation is to just wait it out. Once it breaks out of its wedge formation follow the trend. If I was to make a guess, i think it breaks up today and tomorrow to hit the 17000 mark, only to turn back down to further wind up for a big...
recap of yesterday. The dominate pattern of the day was a measured move up (please feel free to disagree). Two other patterns formed in the 5 minute charts. 1st was a wedge formation that completed with an upward breakout. 2nd was megaphone formation or otherwise known as a brooding top. We will have to wait for the break out, but my guess for tomorrow is down....
I like WMT. I expect the surge in holiday spending will be reflected in their earnings report. I know it is hard to see, but it looks like the stock is completing a consolidation period and ever so slightly tilting up. I love these stocks because they are excellent setups for breakouts. Remember the rule... the bigger the base, the higher the space.