Wouldnt say it has completely failed yet, but it has come back to retest before possibly making a move lower. It did not breakdown or retest with any significant volume. Market of course heloing bring it back up, but until we see some volume coming into it, i think we wont see a major move anytime soon.
A lot of big names stocks that follow the SPY fairly close to 1:1 are making these patterns. CAT is one of them. If it can break the 50sma and the top rendline an entry around 162.50 looks good for the breakout.
Not a perfect triangle but a B grade. Slightly long biased for a bounce but could drop here too. We can see that 92/91 has been strong S/R in the past and is still acting as it now. Since the beginning of the year it has been very bearish dropping almost 30 points, but with the market rising, it could help with a bounce from here.
1st target 99 - it has...
Consolidating nicely. Could be a good breakout if we get the volume. Adds to the case vaules of being over the moving averages and the 9,20,50 all being so closely tied. Target would be 64, it has seen a lot of action acting as S/R at that area.
After missing earnings on the 27th of Feb, had a huge sell off and since has had tight consolidation around ~670-~645. Could see a good continuation breakdown depending on market conditions and volume.
PT 200SMA
HAS hanging out around the bottom trendline struggling to breakdown, with the help of Toys r Us going bankrupt and bringing all of the toys industry down with it, we could see a move down out of the triangle finally. Made an attempt today, but was rejected and bought back up with 2x volume. The market rising to new ATH would certainly not help it, but if we...
AGN breaking down with volume out of a two year channel. Closed today green, could comeback and retest the trendline and 9ema. With the volume it broke down with looks like a very good short. Looks to go to 120 before it hits any major support.
BHGE has a bottom trendline dating back to early 2014 and recently has bounced hard off of it with some good volume. If it can continue the moementum and break out above the 50sma and top trendline it can make a very nice move and retest the 200sma.
Was watching it for a while and a little late to the post, but it broke out with strong volume and momentum and today we saw it reach 260 before turning down harshly and closing at its open. Could continue higher with the market.
PBCT been making a slow rising triangle and retesting the top level at 20.15 for the 3rd time now on good volume. Closed today right on it so if come monday we see a gap above, it could make a very nice move all day. Last it was at this level was 2008 where it had some strange action. It gapped above this level and then the next day gapped right back down below...
EXR with in my opinion a B grade triangle and no volume on the breakout. May continue higher but would definitely need to see more volume come in. If not could be a fake breakout and return lower.
Another decent triangle. Only 4 taps this time but today it closed above all of the major moving averages. Could make a run to the top trendline and a possible breakout. Will need more volume.
Making a nice Triangle pattern, A strong uptrend line dating back 2 years. It could continue to retest each TL and break out in May or earlier depending on a number of things of course.
Pretty good looking triangle with 6 taps so far. Depending on mkt conditions it could go either way. The 200 being above and outside the triangle is a cause for concern though as it will add more resistance for an upside move. Would definitely need to see some volume coming into it.
Really good looking spot of Support here. Whole Number, 200SMA and a Trendline. Will have to see where it will open at.
Bottom trendline came into play 2015.
Has had a very strong down move with volume the past week hopefully the market can help pull it back up.
Sets up a very nice RR for a bounce back to the top trendline to see if the triangle will...
