Get started

TradingNeophyte
About me I have always practiced fundamental investing where I chose value over momentum. Market volatility has forced me to pivot from "buy and hold" into swing trading. I am re-inventing myself as a trader.
Joined
Markets Allocation
100 % stocks
Top Mentioned Symbols
TER 50% | 1 MPC 50% | 1
Ideas
Minds
Scripts
Followers
Following
Published
Commented
Following
Published
Commented
chartpattern fundamental indicator Less Tags Show All Tags
All Types
Type
All Types
Indicators
Strategies
Libraries
All Accesses
Script access
All Accesses
Open
Protected
Invite-only
Public & Private
Privacy
Public & Private
Public
Private
MPC: Potentially Fake Bearish Head & Shoulder Formation
MPC
, 1DLong
MPC: MPC: Potentially Fake Bearish Head & Shoulder Formation

MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern. Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.

Bearish TER Daily Bars
TER
, 1DShort
TER: Bearish TER Daily Bars

Yesterday and today's price action looks like a bearish engulfing pattern. I closed my position on NASDAQ:TER

User has no followers
Lanmar
4759
1014
16323
Message Follow Following Unfollow
plantman
20
4
173
Message Follow Following Unfollow
MagicEins
1780
33
1630
Message Follow Following Unfollow
PropNotes
10165
216
6576
Message Follow Following Unfollow
BigBitsIO
2948
59
2177
Message Follow Following Unfollow
Type
Script access
Privacy