BKNG is not to Long entry level which would be a break of the left side of the cup's high. The left side is sometimes known as the sell side of the cup and the right side is the buy side. Mid cup is 2284.75. The handle low and mid cup can be strong sources of support. In theory, mid cup should be below the handle low or the cup is corrupted. No...
And it does equal for now. But CD can be an extension of the AB leg which would take price lower. IvanHoe, Lancelot and William Tell, Do they envy me? Probably not Worth watching though..LOL Possible stop under last leg down Perhaps/well for sure/Look for a bottom consolidation before entering or a retest of the low No recommendation//iffy/just...
XOM has broken out of a daily cup and handle pattern (white cup) but is not close to long entry level for the longer term weekly cup and handle (Purple). The handle low is virtually the same for both cups. There is a bullish crossover of the 20 through the 50 on daily which can not be seen on this chart as it is a weekly chart. XOM has had some issues with...
Looks like a double bottom as well. Descending triangles are a neutral pattern until price breaks a trendline with a trend in that direction. The moving averages can use improvement but the 200, the longer term SMA is sloping up. No recommendation
The AB leg is Down in a bullish AB-CD pattern and in the bearish version the AB leg is upward. This pattern is not always equal and the CD leg can be shorter or an extension of the AB leg. In this case it is very close to Equal. It is good to wait for confirmation when price hits D in this pattern. Possible stop under D. The retracement of AB (from B to C)...
AAPL fell from a few bearish rising wedges but appears to be recovering. I marked what appears to be the handle low (HL) but you may see support elsewhere. Mid cup is 130.60 and is also a source of support or place a stop under the last pivot low or where you see support. No recommendation It takes time to learn and we will never stop learning. It may take...
Not to long entry level yet. Long entry level is a level that is suggested to enter and most patterns are not valid until price reaches this level. Yes, I have entered early, like at the handle low, or I may already be in the stock when the pattern forms. It can save you money sometimes to wait for this level as sometimes a security never reaches it in the near...
Cup low is 66.90. Depth is 30.82. Targets calculated using the depth and fib levels which are projected from break out level/Long entry level of the cup which is a tad over the left side of the cup's high to clear resistance. The 50 is trying to cross up through the 200 which is known by some as a golden cross. There appears to be a battle going on with some...
Cup and handle and is right around break out level. Bearish divergence earlier on (white lines or price and RSI) that may or may not have corrected completely. There is also a possible shark/bullish forming but not sure. If so It would take price to the .886 (marked). It is a matter of which pattern wins, the cup or the harmonic shark pattern. Throwbacks...
Former ARC. This is one of those where you go with your gut. No recommendation
If second bottom hold NTES will have a double bottom. It has been a bit volatile down there so awaiting confirmation. No recommendation
Penn has broken long entry level. Possible stop under C or under last pocket pivot (green triangle). Target is D Targets calculated using the AB leg and projected from C. The target is D. AB does not always equal CD. D can be less AB length or an extension of the AB leg. If Targets 1 are the .382, .618 and .786 of the AB leg. No recommendation. Short...
Crude Oil Continuous: Next contract in front. Possible stop under 61.44 or last pivot low. No recommendation
I have been checking this one off and on for quite a while. I could not figure out why it just goes down and down and down despite some significant up volume days recently. BABA may have breeched another support level today. This is not a great day for China stocks and I know the talking heads have been giving China stocks the cold shoulder, but I am just...
This is an intra-year C&H pattern and there is plenty of resistance overhead. At cup break out, there will be a gap to encounter with possible resistance at the top of that gap. Negative volume is high on this one. Short interest 6.26% possibly due to the resistance overhead or anticipation of the next "buy stocks on sale" market day. Yearly high is 174.94. ...
Target is D. Stop under C. Targets are calculated using the AB leg and fib levels. This is not to long entry level of 13. The 20 crossed under the 100 which is a bearish crossover and price is below the 50 which is sloping down. F needs some UMPH right now. Moving averages are lagging indicators. The 100 and the 200 are sloping up which can mean long term...
S Triangles can break up or down This one looks to be trying to break up..I am guessing Needs to consistently break the upper trendline and seems to be doing so Hard to believe..lol. This one is one that just seems to struggle Not a recommendation