lauralea

lauralea

Price fell from the 1st rising wedge by breaking the bottom line, but recovered quickly and is now back above the bottom line of the 1st rising wedge. Another, smaller wedge has formed and price is inside. Rising Wedges are known to be bearish and can represent too much supply inside the wedge, causing a sell off when the wedge is triggered by breaking the bottom...

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Long legged Doji today/a candle of indecision This pattern can be bearish but the neckline has to be broken with a confirmed downtrend. Retests of the neckline are common and it is strong support until clearly broken. No recommendation except keep an eye on the neckline. Folks are very bullish on this one which could make any break of the neckline a long...

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I am not sure but I think JNJ had earnings earlier today. Looks like a flag may have formed that is neutral until broken. Short interest is less than 1%. Long tailed spinning top today. No recommendation

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TOP LINE SLOPING DOWN. BOTTOM LINE SLOPING UP CREATING A VACUUM THAT WILL EVENTUALLY PUSH THIS ONE WAY OR THE OTHER. NEUTRAL UNTIL BROKEN. Diagonal support has held. Harami star/bullish today. No recommendation

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Earnings 10-18 BMO. Analysts appear positive on earnings. Analysts are known to be lagging indicators like moving averages. Popped up today with a spinning top/a candle of indecision. M pattern....this pattern started teetering at the .886 fib level but tails o candles did go below the .886, yet no candle bodies per say are below the .886. The alternate bat...

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Decent day for SPY today considering. Price formed a H&S pattern, broke the neckline and hit target 1. T1 met. Price is now above the neckline once again with diagonal and horizontal resistance overhead. No recommendation

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Top line with a slight slope down, Bottom line slopes up. Price is above the top line. Some would wait for 2 closes above this line. Oversold if RSI is on 70 with RSI at 73. Some keep RSI on 80 for high momentum securities. No recommendation “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”

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Earnings 10-17 BMO. A descending triangle is neutral until broken. Any triangle, symmetrical, descending or ascending can break either way. Gap below price. Price is at resistance with earnings very soon. No telling how earnings will affect momentum with recent new events pushing the defense sector up as of late. No recommendation

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Top line slopes down. Bottom line is almost flat. Downtrend noted. Neutral pattern until broken. No recommendation.

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Short interest is just above 5%. Top line slopes down and bottom line slopes up = Symmetrical Triangle. Triangle targets are calculated from the point of the break. A symmetrical triangle has 2 sloping lines so targets are difficult to guesstimate as there is no way to know where this will break. Triangles are consolidation patterns. No recommendation

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This pattern consists of 2 shoulders that should be in the same ballpark in price but are rarely the exact same price. The 2 shoulders should be close to the same distance from the head which is a high point between the 2 shoulders. T1 has just about been met. Sometimes t1 is all we get. Earnings 10-24 BMO. No recommendation HCA Healthcare, Inc., through its...

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Deep fall from a triangle pattern. Appears to have hit close to the 1.618 and is trying to recover. If this is far as it falls, this M could be called a Crab. Some would wait for 2 positive closes. The M is better seen on weekly. No recommendation

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M Pattern that is in between the 1.113 and the 1.272 of the first leg up. Oversold. Oversold conditions can last for extended periods of time. I will watch and update. Bullish harami today. No recommendation

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NICE MOVE W noted/Low volume with a relatively strong move up for this security. Valley 2 is lower than valley 1. No recommendation. Time will tell

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Price at support of the rectangle. Neutral pattern until broken. No recommendation

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Price has broken the support line but is fighting to get back above it. No clear downtrend followed the break. I turned the support line blue due to the break. Triangles are often measured by the width of the wide end to guesstimate targets. Earning early November. No recommendation. PE Ratio - 87 HubSpot, Inc. provides a cloud-based customer relationship...

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Possible stop below C. Target is D. Small flag noted. This pattern will usually reverse when D is met. Resistance overhead. No recommendation

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This would be major time pull back fishing!! The market has been teetering down as of late. Slowly but surely. Seems staples and consumer goods not on the top of the list. I am thinking that not many of us are planning to buy solar panels and get rid of our local power company this month either )o: But who knows if the government pays for the conversion. These...