Reasons to buy
Strong Earnings in last quarter
Strong Earnings in past 3 years
Strong volume indicating buys buy institutional investors
Strong compared to S&P500
Confirmed Double Bottom (see chart for details)
Within 5% of buy point
Reasons to tread with caution
Not necessarily a game changing company (opinion)
Not in a leading industry
Market not in...
GDX has created a double bottom and confirmed the pattern today. Looking for an increase of middle peak - lowest point * .66 + breakout, or a target around $23.59. Obv also broke out of negative trend, indicating a bullish future.
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern.
This alone sets the target price at 279.25.
In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263.
On Balance Volume (OBV) also remains in a...
ADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a...
Inverted Ascending Scallop with target at around 214 and stop at point C.
Not sure about price buildup to the scallop, and yet to confirm pattern with a close above point B.
The downtrend prior to scallop may be a little small compared to scallop itself.
Pattern Info from (thepatternsite.com)
3d printing organs? Risky stock, potential to soar, potential to sharply drop.
Question to ask yourself before investing: are you okay with risking losing most of the money you invest in this for a high potential? If that answer is no, I would say don't buy.
SPY Has followed 3 main patterns in the past four years: Cup and Handle, Head and Shoulders, and Reverse Head and Shoulders. Each has had an equal price increase and drop associated with it. The last pattern just had an equal price increase, whats next?
FTK is currently in a slight downtrend channel, falling step by step. Look for support around the 9.00-9.30 range and then a possible boost back up. However, if support is broken down, there is the possibility for a fall down to the 8 dollar range. The MACD has also dropped, so now isn't the best time to buy the stock.
Strong chart pattern (Long term head and shoulders), look for a 3 dollar increase short term, but a larger long term profit. My time frame may be too long, as this stock may fly once it starts rolling. My entry price: $11.50, stop price: $10.50, target: $15.00.