Unhealthy candle for the gap down so far. This could change by market close but at this moment there is a long top wick with no bottom shadow/tail which will form eventually indicating price will go down some more perhaps. This is below bottom band set on an 80 SMA. It will eventually return to the bands. Watch out for breaks up though. Bear flags and dead cat...
Price is above the bands set on 80 SMA. Very bullish and shows a ton of momentum. Closing in on Targets 1. I get a bit nervous when price is over the top band set on 80 as price usually returns the bands. When price is over the top band, it is almost always overbought. Price can remain outside the top band and in overbought condition for a while in some cases...
Possible stop below C. Earnings 11-2 after market close. I have looked at this stock on several occasions over the last few years. It does seem to struggle, yet they they have not missed earnings in eons. Short interest is a bit over 6% but is always higher than I would think it would be for AKAM. I looked back over many years and at one time the high was...
Appears Oil is pulling back so I am watching a few. This is the one I own though. This is a yearly cup and handle. If price breaks any longer term highs, then a new pattern could form. I suppose a lot depends on the cyclical environment that oil lives in. Cup and handles are calculated using the cup depth. Subtract the cup low from left side (sell side) high...
Possible stop under lower shoulder. Long entry level is a break of the neckline with an uptrend. Earnings are 10-26 AMC. No recommendation. Price appears to be trying to stay above the 50 SMA. The 20 may cross up through the 50 which is a bullish crossover, close but no cigar yet. The 200 is sloping up as is the 20. I did not leave it on the but William's...
Rising wedge The trendlines are narrowing No worries/just a pull back and looking for closest support level. Always knowing any pull back can be substantial but worrying never got anybody anywhere (;O No recommendation/Bullish in the long run on TSLA but do see some bumps in the road. It is like either you are bullish or bearish on TSLA. No one can tell...
Possible stop below C or last pivot low Price is over top band which means a lot of momentum going on! Price eventually returns to the bands, but price can also ride the upper band for a while. These bands are set with an 80 SMA verses a 20 so are more extreme. The long legged doji could be pointing to support with it's candle tail. No recommendation. I am...
Looks like a head and shoulders top and the neckline was broken a while back. Bad news about the vaccine caused a gap down. Appears NVAX has hit the 100% down target for the ugly top, but does not always mean it is over as it can be an extension as well. Sometimes looking at a candle that forms on the day of the gap down can help. This one made large gains at...
Possible stop under C. Earnings tomorrow morning BMO. No recommendation. Larger numbers over price are targets 1. Smaller numbers are target 2. Often it is best to focus on Target 1 as targets 2 may or may not occur. Targets 1 may not occur anytime soon if they miss earnings in the morning )o: If we have a rainy day tomorrow in Mr. Market world, then a...
This is an example although calculations should be correct, but earnings will play a huge factor on this one since earnings are tomorrow morning. I tried to explain calculations/procedure for an ABC Bullish pattern on the chart. This particular stock has earnings in the morning so may not be a good one to risk right now, but it is ABC Bullish before earnings. ...
Price is over top Bollinger band at this time set on 80 verses 20. Price appears to be rising the upper band. Borderline overbought on daily, but not on weekly or monthly. When a security has a lot of momentum, some look at daily, weekly and monthly to determine overbought status. When price is over the top band on this setting, it is most likely also...
Possible stop below D. Earnings November 1st AMC. Looks like a Gartley pattern. First introduced in 1935 by trader H.M. Gartley in his book, “Profits in the Stock Market” The Gartley pattern normally forms when a correction of the overall trend is taking place and look like a crooked ‘M’. The bearish version looks like a crooked W. The pattern contains a...
Target is D. Possible stop under C. Earnings 10-28. I am not sure if it is BMO or AMC. The 20 (blue) has crossed down through the 50 (orange) and this pattern is a pull back pattern. The 20 is sloping up as is the 200 (red). The 50 looks a bit droopy right now. Moving averages are lagging indicators. Price is under the 50 SMA and some would rather see...
Target is D. Possible stop below C or where you see support. No recommendation
Complicated H&S with two heads with the second head being higher than the first one. Possible bearish W pattern/I did not measure? but seems to have pulled back forming an ABC bullish pattern as well as the inverse head and shoulders. There is a GAP under price. Uptrend noted. Price has broken the neckline and awaiting a confirmed uptrend. No...
Price is at the top trendline. Long entry is a break of the trendline with an uptrend. Symmetrical triangles are neutral until a trendline is broken and a trend is confirmed in that direction. The top trendline is resistance and the bottom is support. Retests of top trendline are common. Once price is above this trendline it can become support. Throwbacks...
Possible stop under C, or under 1285.90 or last area of support that you see. Sometimes long entry level can serve as support as this has passed that. Earnings 10-28 BMO/before market open. Long entry level can be important to hanging on so getting a good one can help in the long run. SHOP was below the bands set on 80 but quickly returned to the interior of...
VZ pays almost a 5% dividend so I am wondering when someone will pick this up? 3 year low is 48.84 so perhaps a place for a stop is you wanted to be on the really safe side or under most recent low somewhere which is 50.86 which is the yearly low as of yesterday. VZ fell past immediate support and that support can become resistance. Price is outside the lower...