I usually prefer them to develop over twice this time, but the volume and price action looks pretty good.
Bull wedge on CAR riding the lower bollinger band, I think there's a decent chance of a short-term boost in the next week. However, keep in mind their earnings have been trash.
I'm inclined to be long in general, if it dips nicely I'll grab a bit. This is a pretty short term trade. If their earnings are disappointing it'll hamper the upside potential.
The high-low gap on each bar is narrowing as we approach the end of the wedge and the announcement of earnings. Stock continues to get hammered. I think there's a decent chance of a small bump to the upside here, but I'd grab a profit pretty early after the bump (~2 weeks).
Decreasing volume, looks like it could breakout to the downside.
If their earnings don't disappoint, I'd hope to capture ~10% in a short term boost. As always, there's a good chance of a fakeout to the downside first. I'd watch volume for confirmation.
Bull wedge, good valuation, skirting the lower bollinger bands both near-term and long-term.
Just dicking around with volume profile, honestly. It shows the distribution of volume across price, i.e.: how much volume was traded at each price. The horizontal lines are areas of higher volume. The orange dashed line is the price that traded with the highest volume within the fixed period I set. The blue lines indicate a moving 1-standard deviation capture of...
Pretty basic approach here, less clear than my usual bullish/bearish wedge patterns. COHR is a profitable company with a good track record. Missed earnings last quarter, got punished hard. Coincided around the same time the overall market was in a downturn. Price dipped more than two standard deviations below the 100 day moving average. I don't think the...
I'm long in the long-run, short in the short run. The RSI on the longer term chart shows we're a bit overbought, and history tells us this results in a ~2% correction. We're seeing divergances where we'd expect them to confirm that. A nice coincidence is that the 37.4 target for a 2% drop is also a good support line. Wait for a confirmation of a bounce around...
My last idea described this as an ascending triangle, but I was batshit wrong. It's a rising wedge reversal pattern. Key features: A rising trend Higher highs, higher lows. Looks inherently bullish A contraction of volume A decrease in momentum - the confidence in this rally is wavering When we see that lower line break with high volume, it should...
A symmetrical triangle for bitcoin is forming, converging mid to late January around 15500. Volume is decreasing over time as the trendlines converge. Wait for a breakout from the trendlines on high volume to indicate if this is bullish or bearish.
An interesting ascending triangle pattern seems to indicate a breakout in the next week.
A log scale helps get a relative picture of the dip with respect to previous dips. This isn't anything new, yet. If its still dipping a week from now it could start looking like something new.
Trendlines converged yesterday. Seems to indicate a move soon. Expect move upwards if support @ 183.23 is broken. I think it's worth between 186 and 189 today based on discounted earnings model. Model not well tested yet, needs a couple more quarters.