laikomg

laikomg

2001: 58% drawdown from peak, 511d 2008: 50% drawdown from peak, 763d 2020: ??? 2021: profit

laikomg

Breakout of triangle consolidation to the upside gives us a good chance to test previous highs so long as the upper triangle edge holds as support. Buying while the market tests the support gives us a nice tight risk window. I'm going long at the next open, and it won't take long to discover if the breakout is real.

laikomg

Close above the wedge consolidation means we have a decent chance of testing Jan '18 highs, and a shot at new highs. WMT is non-cyclical and defensive, which makes it a good rally candidate in this turning market.

laikomg

Break of multi month wedge with downwards momentum thesis supported by indicator divergence and earnings weakness. This is a good chance to test December lows.

laikomg

Long AIG on a breakout of a clean triangle consolidation. The breakout of the upper triangle edge resistance line means we have a good chance to tag higher prices. Momentum indicator divergence supports the idea that this consolidation is a reversion of short sentiment.