Sina gained about 50% after bouncing around for about a year. Over last 2 months has been somewhat erratically consolidating in a cup formation. Could be poised to break, especially on strong earnings in a couple of weeks. NIce support at 50 dma as well.
This stock formed a base in April and gained 25% through through May/June. It's up 130% over past 12 months. It's been basing again June/July in cup pattern with handle forming over last few days. Handle is about to hit previous point of resistance so watch to see if it bounces up from there
This stock has formed a cup over last 11 months, handle over past 1 month, and broken out about 5% from top of cup since then. Showed a breakout on some news last week and if pattern holds it could go another 20% over next month or so???
Formed a cup over 6 weeks with 1 week handle then shot up 24%, could be forming another cup and approaching breakout point at top of cup in next week or could form handle over next week or 2 and potentially break out again
Alibaba formed a nice cup with handle pattern for several months in late 2016 to early 2017. That was followed by a 20% gain as expected by IBD's system. Over the last four or five weeks it has been consolidating again in a ascending triangle that is using the previous trendline of the 20% rise resistance now as support. If this support holds the breakout of...
This stock is highly rated by Investors Business Daily (IBD50 list). It has completed a cup formation over last 3 months and appears to be on verge of breakout. May dip slightly to form handle and then it's a buy.
I use IBD50 to identify promising stocks. This one is on the list and has been consolidating for several weeks. Broke out of consolidation range a bit this week and could be poised to run higher if the overall market cooperates.
I use IBD50 list to identify promising stocks. This one is on the list and has been consolidating for several weeks. Earlier this week it broke out a bit and could be poised for a nice run in the next week or two. It would help if the overall market started trending better as opposed to sideways.
Since may 1 uptrend began... AMD has an average rise of 2.77 pts over 10 days and average fall of 1.78 pts over 10 days. This predicts roughly price of 12.77 by 7/3 and 15.54 by 7/13. Not much advanced science to this so see if it turns out close!