Possible Double Bottom. TMUS has pulled back a lot since it's high of 150.20. Negative moving average crossovers noted including the 50 crossing down through the 200 which is known as a death cross. I have noticed when a security is at the bottom, moving averages look awful as a rule and they are lagging indicators, but something to be aware of. Price is the...
CRSP gapped down yesterday. The candle it gapped down on closed green and quite a bit higher than the day's low. There was also a pocket pivot, a large money footprint, that formed even though negative volume is on the low side. Someone or some folks, did not want to see this go lower or they took advantage of the lower price. Obviously, a lot of shares were...
Cup and handle pattern but also see an ABC bullish pattern and C is marked. Price went below bollinger band set on 80 and was also oversold at that juncture. If price is above the bands on this setting it is usually overbought and vice versa. Price eventually returns to the bands. Monthly candle is a green long legged doji so indeterminate. Mid cup can be a...
Cup and handle. Mid cup is 158.55. Cup low is 145.71. Depth is 21.73. Support is often found below the handle low (HL) or mid cup. No recommendation/I think JPM is expected to beat the number. It is often not the news but the reaction to that news which can make or break you.
Earnings 10-19 AMC. The Gartley pattern is a harmonic chart pattern, based on Fibonacci numbers and ratios, that helps traders identify reaction highs and lows. In his book Profits in the Stock Market, H.M. Gartley laid down the foundation for harmonic chart patterns in 1935. There is an impulse wave or leg in the bullish version, XA, and it is a move up. In...
Possible stop below lower shoulder or where you see support. Long entry level is a break of the neckline with an uptrend. SPLK has broken neckline but there is only 1 green candle so far that is over the neckline today. Appears it opened above the neckline this morning. Many would wait for confirmation or a retest of the neckline support especially since there...
Bearish Harami today and price is over the top band set on an eighty DMA. Possible pull back. Top line of triangle can serve as support since price is over it so possible stop below trendline. Prior to a break of the triangle, this trendline was resistance. Not quite overbought with RSI on 80. Negative volume is high so appears that big money is...
Possible stop under C or where you see support. Price appears to be consolidating. The moving averages definitely need some work. The 200 (red) is on top of the 50 (orange). The 20 (blue) is trying to slope upward and crossing up and through the 50 would be a step in the right direction. )o: No recommendation.
I tried to write most of the important points on the chart. Negative Moving average crossover marked with orange X. Price is under the 50 which seems to be causing some resistance. Price is well above the 200. Price does not appear to tolerate being over the top Bollinger band set on 80 for very long. (white) No recommendation. I am watching this one for my...
Targets are not applicable right now until pattern completes and uptrend resumes. AB is not always equal to CD and can be a shorter fib level than the 100% mark or an extension of AB which will make the landing pad lower than the 100% mark. For now there looks to be an M forming and the retracement of the impulse wave (1st leg up) pulled to the .786 fib level. ...
Former Arc. Parabolic Arcs usually land between the .618 and the .786 fib levels. This one fell a bit further than the .786. ARCs are caused by extreme bullishness and can fall down to the start of the uptrend or even further after the party is over. Arcs are easier to see on weekly timeframe. 3 outside down is a 3 candle pattern beginning with a green...
Large cup and handle pattern with hard resistance above at long entry level. CVX has made 4 attempts to break this level in the recent past without success. Long term high is 135.10 and 3 year high is 127.60 so it has been above this level before. It may just be a bit tough to get past it as it has been reinforced on several occasions which can make this level...
ABC with target being D following a bearish W, harmonic pattern that I did not measure. The W formed a double bottom for JD. There is a gap below price. As of late, I have noted that China stocks usually fill their gaps. There are several pocket pivots at the bottom and 1 under price that is at the gap up and it most likely caused the gap up. The W is...
Price is approaching top Bollinger band set on 80 verses a 20 daily SMA. Often the bands can keep price contained within although sometimes momentum can cause a break through the upper band. It will return to the interior of the bands at some point. Target is D. ABC bullish patterns begin with an impulse wave up labeled AB. The BC leg is a retracement of AB. ...
Earnings November 16th. There is a gap below price where support may be found or perhaps under lower bottom. WMT appears to have encountered resistance from a prior gap down, and possibly from the 200 SMA. Moving averages can provide support and resistance levels. There will most likely be resistance at the top of that gap as well. Moving averages are...
This could pull back more. I suppose it depends on what Mr. Market has in store this week. It does not appear big tech is not being left out of the correction this time. MSFT is struggling as well. The rising wedges in the recent past have probably not helped. Market conditions are volatile right now, and sometimes best to sit on your hands. AAPL was trading...
As a rule their will be resistance at long entry level. Bearish harami at this moment. This daily candle can change by close. The bearish Harami reversal is recognized if: The first candle is long and bullish and continues the uptrend; The second candle is short and its body is completely engulfed by the first candle's body. A third red candle day would form a...