$ATVI EARNINGS RESULTS TODAY AFTER MARKET CLOSE!!! (outlook obviously depends on the outcome, but I publish this especially for those interested in earnings results options strategy)
$ATVI stock price has hit a 2018 high of 84.68 in OCT and has been in a downtrend since.
It has hit a low of 39.85 in FEB'19 and since then chart has formed a potential rounding...
$KR stock price has been forming a beautiful clean inverse H&S pattern on the daily chart since MAR'19 earnings result gap down
The pattern has a clean cut shoulder line at around 23.70 and head line at 20.70 / neckline sits at 26.10
Stock has broken the neckline on big volume 2 days ago ( on good numbers regarding same stores sales ) and yesterday started what...
$CAT has formed a descending triangle since the high in JAN'18 , but also has been trading inside a descending parallel channel since then
Now after last week ER that was actually rather weak, the stock has found some strength and is trying to breakout from the almost 2 year downtrend
MACD positive and histogram green for the past 2 weeks and rising , RSI around...
Beautiful weekly chart here for $RHI
Stock has formed the first descending triangle in 2018 (bottom line support is the FEB'18 low and top of the triangle is the AUG'18 high)
After the DEC'18 correction stock is forming a second descending triangle ( DEC'18 support line and APR'19 high top of the triangle)
Price action last week saw the breakout from the first...
One for you "gold bugs" out there
$FNV has formed a symmetrical triangle pattern since SEP
On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout...
$CR price has been forming a simetrical triangle for the past year
Price action suggests that we might go and breakout from it (keep in mind it tried in july and failed)
MACD and RSI support the move up
Look for a WEEKLY close outside the triangle in order to participate
Measured target around 114.91
$NSC stock price has been repeating the same bullish pattern since 2018 on the weekly chart
Stock is forming bullish flags for around 2 quarters (tends to under-perform the sector and the market) and then is breaking out higher (catching up with the market)
The stock has declined 3.9% over the past three months, while the Dow Jones Transportation Average has...
$FFIN stock made a low in MAR'18 at 27.13 on very big volume that to me it signals capitulation
Since then the stock has formed an ascending triangle with resistance at 33.42
Last week the ER have come in above expectations and the stock had the weekly close above the resistance
MACD and RSI both nicely bottomed out and curved up in supportive mode
$OSB has reached a 19.46 low this summer and since then it has formed an ascending triangle
Last week stock has been bought aggressively as seen on the volume chart and managed to breakout the resistance at 25.11
RSI is slightly being pushed now into high levels so ideally could wait for a successful retest of that line, but somehow I have the feeling this could...
$ASC is another Oil&Gas shipper that is breaking out from a multi year consolidation/bottoming pattern
Since the OCT'16 low the stock has been trading/consolidating/bottoming inside a box (trading 5.00-9.05 range) with an attempt to break down during the DEC'18 capitulation
Starting with the summer 2018 the stock has formed a C&H pattern on the weekly chart
$BC has been consolidating/trading/bottoming inside a box since Q4'18
Since July'19 has been rallying and forming a series of bullish flags
Stock broke out from the second bullish flag last week and rallied nicely
In order to participate look for either: 1) correction of the rally towards 51.50 - 52.00 area or 2) breakout from the box AND CLOSE ABOVE 55.52...
$IPHS has formed an inverse H&S pattern on the weekly chart
Yesterday stock closed over the neckline standing at 34.76
MACD and RSI both supportive
Look to participate if : 1) neckline is retested and HOLDS or/and 2) stock takes out the 35.78 YtD high
Measured target is around 45.67
$PPL daily chart has made a low back in summer 2018 and has been trading inside an ascending triangle since
Stock has seen increasing volume way above average in the past 3 sessions
MACD has crossed and turn positive , RSI at 65 still with room to advance
Watch for a close above 32.45 in order to participate
Measured target stands around 39.60
$RETA has been trading inside the ascending triangle for a year more or less on the weekly chart
Breaking out today with support on MACD crossing up and RSI moving upwards
Look for a WEEKLY close above the resistance line at 99.50 in order to participate
Measured target is around 151.50
$CMC Friday's gap up candle completed a C&H pattern on the daily chart
MACD and RSI strong and supportive of the move up
Look to participate on either of : 1) retest and HOLD of the cup breakout line at 18.45 or 2) a breakout AND close above SEP high at 19.13
Measured target from the breakout of the pattern is around 22.21
$SHO has been trading all year inside a descending triangle that it breakout from on the 9th of SEP
After a small run up it hit a local high of 14.05 and since then it has slowly retraced inside a parallel channel towards the retest of the descending triangle
It has now completed the retracement and Friday it has broken the downward parallel channel on decent...
$TWO daily chart has formed an inverted H&S pattern as a result of a false breakout in late SEP, followed by a correction that found support at what is now the shoulders level
MACD just turned positive , RSI already in expansion area now sitting above 50
Look to participate on a close above the neckline that is now around 13.46
Measured target is around 14.43
$CMCSA is trying to breakout from a falling wedge on the daily chart
Price has found support at the 23.6% retracement of the DEC'18 - SEP'19 rally
Not very important, but notice the lower volume trend as the price goes down
Yesterday the breakout was negated, surely they will try again today with the broad market stronger
Estimated targets are 45.30 previous year...