Rectangles are horizontal trading channels and are neutral until broken. An Alternate Bat/M structure/ formed within the Rectangle and T1 was met. The Alternate Bat ends at the 1.113 at the 4th leg. The Bat ends at the .886. Price is now at the support line of the rectangle. Earnings miss x 3. Support line with six touches, maybe more . The more touches a...
Watching but this is a bad candle on the gap down. It could drop a bit more if it breaks the support line which is not far away. A Marubozo is a type of candlestick charting formation that indicates a security's price did not trade beyond the range of the opening and closing price. It is a candlestick pattern that lacks a shadow on the top and the bottom of the...
Price was in a channel up and price fell below the channel's bottom line. That bottom line is now resistance. No rising wedges noted. Price is cupping but is not close to EL of 384.45. Price travels in a channel until it breaks the top or bottom line, No recommendation.
Price was trying to form a cup but a bearish rising wedge has formed. The bottom line has not been broken so this wedge is not valid. Previous support levels can catch a rising wedge if the bottom line is broken. But eventually it will be broken No recommendation. The party may end soon so grab your designated driver (o:
Price does not slope in the same direction as RSI which equals a Divergence. Price slopes up and RSI slopes down which equals a bearish divergence. Bearish divergences are measured at the peaks and bullish divergence is measured at the valleys. Prior inverse head and shoulders marked with blue stars. Shooting star which turned in to a Doji since i have been...
Price hit a support level after breaking the bottom line of the Rising Wedge and a short leg up occurred for now. Small gap caused resistance. Price originally was squeezed to the upside and broke the top line of the wedge. Several support levels below price. Large W pattern that seems to have terminated at the 1.414 fib level. The W is better seen on...
The bottom line of this wedge has been broken so it is now valid. RSI Divergence formed with the Rising Wedge. Large W pattern that possibly ended at the 1.618 forming a long 4th leg. A support level usually catches price when it falls from a Rising wedge. There is a gap below price lending 2 more support levels, at the top and bottom of the gap/window. Candles...
Looks like an Ascending Triangle o the weekly timeframe. All triangles are neutral until broken. This Ascending Triangle has broken to the downside. Targets in orange and were calculated using the wide end and fib levels. Price has hit the 50% mark. The next target is the .618, then the .786 then 100%. Price can fall less or more than 100%. T1 which was the...
Price is not to EL. This needs to clear the resistance of the prior move up. Stop under C. Targets calculated using the AB leg. It can reach 100% or les, or more than 100 %. Or it can fizzle and go below C. Target is D and when D is reached it will reverse. No recommendation
It looks like a double top occurred after COST met the 100% mark for the triangle. There is also a RSI Divergence at the Double top. Price does not match RSI. There are other indicators folks use to spot Divergences. Earnings late September. Dark Cloud Cover candle pattern which is bearish so far today. Dark Cloud Cover is a candlestick pattern that shows a...
Price is at the top line of a rising edge which is often resistance. Rising Wedges are considered Bearish But are not valid until the bottom line is broken. Rising wedges can get squeezed to the upside or the downside but as a rule, price will come back down to break the bottom line at some point in the future. Both lines slope up and narrow at the apex. Rising...
Price is at the top line of a rising edge which is often resistance. Rising Wedges are considered Bearish But are not valid until the bottom line is broken. Rising wedges can get squeezed to the upside or the downside but as a rule, price will come back down to break the bottom line at some point in the future. Both lines slope up and narrow at the apex. ...
Price is Not to long entry level. This is a weekly chart as the cup is easier to see. It is a large cup. Resistance overhead. Cup targets are calculated using the depth of the cup. No recommendation.
Price is below the bands set on an 80 DMA which indicates oversold status. Bollinger Bands are also an oversold/overbought indicator. RSI is also deeply oversold. This company does not have positive EPS but growth must be expected for price to go as high as it did. Possibly the overvaluation caused the fall. No recommendation. 52 Week Range 159.62 330.00 Day...
Neutral until broken. Some would measure the wide end of the triangle and project it from the up or down from the point of the break be it up or down. No recommendation