From earnings to earnings, PUBM is dropping to new drop zones.
Charts show, between each drop zone, it sheds about 23-33% share price.
Even though their fundamental value come closer to 11.8$ / share, their Net Income is dropping massively.
On top of a headwind against overall Tech stocks, and Ad Tech industry, perhaps only reason why PUBM is still holding most...
We can see the RSI trend (downward) moving in the opposite direction than the price trend (upward) since a long time.
And then the chart reflects two bearish patterns - Inverted cup and Handle, and an Inverted Head and Shoulders with neckline around 43!
Is this the indication of upcoming long term downtrend?
Let me know your thoughts!
Note: I'm just...
$LCID is showing strong signs of long term downtrend!
Green pennant indicated upside
Although the flag above it was reversed and as prices went below prior pennant,
then comes the red pennant, indicating trend continuation to the downside!
Wait for red pennant to break above 44 before going long again!
Looking at the green trend line starting from around mid 2014, till 2025 ish .
The trend line suggested price target of 47$ by 2024 already seems priced-in during today's date (Feb 9, 2022)'s after-hours session!
Additionally, there's that giant Inverted Cup and Handle pattern. Ignore the covid-19 crash of March 2020, and two red lines clearly indicate...
Zoom out on daily and weekly chart for $DOCU,
And we can see the congestion area, broken out to downside, which was quickly reversed by upside course! - Bear Trap!
Upside course hit above the earlier long trading range, and is dangling around the same range!
Well, it didn't reverse quickly enough on daily or hourly chart, but we're looking at weekly chart, given...
$DKNG is giving plenty of signals implying the long term downtrend.
Should we wait for it to reach 40$ to confirm the downtrend?
And perhaps, wait for it to cross 75$ for upside reversal! Or at least exit the outer red curvature and hold above $50 for some considerable time!
Seeing oncoming possible Inverted Cup and Handle on weekly chart was a strong indicator for Peloton's fall!
We can also see a clear channel ranging between 140 and 160, confirming channel break at 130!
Further drop after 130 was obviously a completion of head!
And then the subsequent rebound around 128, and drop back to 99 was completion of Inverted Cup and...
Weekly chart on top shows long term cup and handle just filled recently near $46
while daily chart below shows there's also a trend continuation pattern.
With RSI rounding down, on short term, 50-53 seems like possible downside, with higher chances of trend resuming to upside and go beyond current 52-week highs!
Stop loss below 50, and use trailing stops as and...
We can see the giant Inverted Head and Shoulders on the daily chart, which is now further stretched down to $45.
I think this fall is enough, to confirm major long term downtrend, unless the trend reverses and holds above $87, which seems far away from the current price.
TTD daily chart reflects clear Head and Shoulders, with flag above it.
The flag was broken down in recent move downwards, also moving the price below the neckline, indicating potential failure of a signal,
Although, as the price has emerged back above the neckline, and coming back in range, that could be an indication to upcoming strong upward rally sooner!
Parallel channel peak touched, and price reversed with big red candle looking like Wide Ranging day.
I think it could reverse at least in short term, if bullish on long term, $338 looks like a safe buy!
Let me know your thoughts.
13.8$ being yesterday's high, today it registered a new 52 week low of 12.71 and rebounced 9% already,
Also rebouncing from the daily RSI level as low as around 24.4 up to 38.38 so far!
Should the stock close above 13.8$ today, that's a Strong indicator of the trend reversal to the upside!!!
A giant Inverted Cup and Handle can be observed for TXMD on weekly chart.
Starting around in Q3 2011, until Q3 2021, that's a giant most pattern I've ever observed! And unfortunately it's bearish!
Anyway, all the stakes I have in this company are from the profits that I earned from the same stock! And I'd still continue to keep that stake in it!
I'd rather say,...
$OTLK seems to be breaking out upside on the bullish news - reported statistically significant achievement on Phase 3 trial for both Primary and Secondary endpoints!
The chart also shows the double bottom pattern completed with parallel channel formed above it, which is now being broken out upward.
Irregardless where it goes in short term, the company has...