Undertow

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MU 50% | 6 CS 33% | 4 CSGN 16% | 2
Undertow Undertow CSGN, D, Long ,
CSGN: A Bestiary of Heads and Shoulders
26 0 1
CSGN, D Long
A Bestiary of Heads and Shoulders

PLEAS NOTE THAT ALL PRICES ARE IN SWISS FRANCS CHF!!! 1. A complex head and shoulders pattern (with two heads) The price target is just below 10 (Height of head is 15.79 - 12.49 = 3.30 and PT is 13.06 - 3.30 = 9.76) 2. An inverse head and shoulders pattern. The price target is just above the resistance of the automatic rally on February 15th around 14.50 (which ...

Undertow Undertow CS, D, Long ,
CS: Inverse (bullish) head and shoulders PT 15
19 0 0
CS, D Long
Inverse (bullish) head and shoulders PT 15

This inverse head and shoulders pattern has the same price target as a bull flag that formed recently. Distance top of head to neckline is 13.67 - 12.25 = 1.42 Giving a price target of 13.75 + 1.42 = 15.17 USD See the linked idea below for more details, using the chart of the Swiss listing.

Undertow Undertow CSGN, D, Long ,
CSGN: Inverse Head and Shoulders with same PT as Bull Flag
37 0 0
CSGN, D Long
Inverse Head and Shoulders with same PT as Bull Flag

A reverse (bullish) head and shoulders pattern formed which has about the same price target as the bull flag. The flag was a short downtrend wich began by an oversold condition (see chart) and negative news on $DB. The inverse (bullish) head and shoulders pattern is a reversal pattern. Here are the calculations for both patterns: (I used the Swiss listing, ...

Undertow Undertow CS, D, Long ,
CS: Bull flag Breakout
51 0 1
CS, D Long
Bull flag Breakout

CS formed a bull flag and broke out above, testing the upper resistance, which is now support. It is a broadening flag. The price target is around 15.50, which is in the upper part of the trading range (see my previous post for the trading range). The Swiss listing of Credit Suisse CSGNZ of course shows the same pattern, but it is not ...

Undertow Undertow CS, D, Long ,
CS: Wyckoff Accumulation Phases of Credit Suisse
158 0 1
CS, D Long
Wyckoff Accumulation Phases of Credit Suisse

Some remarks on the price evolution of CS Credit Suisse stock was in a downtrend which ended with a selling climax (SCLX) on February 11 this year. After that CS showed signs of being accumulated. The Brexit vote initiated a huge shake out. During this shake out it broke below its trading range, after which it trended back up into the trading range. Here it ...

Undertow Undertow CS, D, Long ,
CS: CS is being accumulated
66 0 1
CS, D Long
CS is being accumulated

After a downtrend $CS reached multi-decade lows. It appears that here Credit Suisse Group stock was, and still is, being accumulated. Currently it looks to be completing phase C to enter phase D.

Undertow Undertow MU, D, Long ,
MU: $MU Regression Channels: currently in an uptrend
111 0 1
MU, D Long
$MU Regression Channels: currently in an uptrend

This post is a supplement on my previous post on the (Wyckoff) accumulation phases. Linear regression shows $MU is currently in an uptrend.

Undertow Undertow MU, D, Long ,
MU: $MU Accumulation Schematic: Wyckoff Events and Phases
342 2 5
MU, D Long
$MU Accumulation Schematic: Wyckoff Events and Phases

After a long downtrend $MU bottomed out and began a period of accumulation. It looks like $MU is about to enter the mark up Phase E and start a new uptrend. Besides the purely technical analysis, I want to point out that Micron Technology's business is a very cyclical one. About 60% of Micron Technology's revenue comes from DRAM, the rest comes from 'NAND'.The ...

Undertow Undertow MU, D, Long ,
MU: $MU Inverse Head and Shoulders
52 0 1
MU, D Long
$MU Inverse Head and Shoulders

$MU completed the (inverted) right shoulder. If the pattern completes with a break and close above the neckline, look for an upside of about 2.20 and a price target of about 14.10.

Undertow Undertow MU, 30, Long ,
MU: Positive Divergence + (Possible) Inverse Head and Shoulders
28 0 0
MU, 30 Long
Positive Divergence + (Possible) Inverse Head and Shoulders

Keep an eye out for a possible inverse head and shoulders. If the inverse head and shoulders pattern completes and price breaks above the neckline, then there is 2.20 upside potential, which is the distance from the tip of the head to the neckline. So if the price breaks above at 11.80, then the pattern suggests a price target of 14.00. If it breaks out, watch ...

Undertow Undertow MU, D, Short ,
MU: 3 patterns + possible implication for $MU
118 0 0
MU, D Short
3 patterns + possible implication for $MU

(1) A falling wedge has formed since October, wich is a longer-term pattern, and since $MU is in a down trend since 2014, this should be considered bullish. (2) A head and shoulders pattern has completed, with target 10. Combining these two patterns gives a price target and a time-frame. Additional points: * Historically 10 acted as support and resistance. * ...

Undertow Undertow MU, D, Short ,
MU: Break below neckline
47 0 0
MU, D Short
Break below neckline

Fundamentally it appears their is still more room for $MU to drop. Micron Technology's FQ2 2016 Guidance (Non GAAP) is a loss of -0.12 to -0.05 per share. Much worse than expected. Gartner forecasts an oversupply in DRAM in 2016.

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CS
CREDIT SUISSE GROUP AMERICAN DEPOSITARY SHARES
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MU
MICRON TECHNOLOGY INC
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