Earnings are 9-20 After market closes. Possible Bullish bat if price does not go much lower than the .886 fib level. A little bit is okay, but over a buck or so can turn this in to a different pattern like a double bottom etc. So if price goes much lower than 95.85, then a double bottom would be approximately 94ish, so not a huge difference. This is a guess....
is could go even lower I suppose. Possible double bottom if it holds. Last candle is a spinning top/a candle of indecision. At this point I would guess it may be undervalued. Just goes down and down and down because I have been watching it for months. Appears the analysts are extremely bearish on VRTX at this time. That is when I stop and take a closer look...
Long entry level is a break of the neckline, 73.25, with an uptrend. I am watching for confirmation that the right shoulder has bottomed. When price breaks the neckline, then somewhere under the neckline is a good stop. Spinning top at this moment which is a candle of indecision, but is also a bullish harami. Opposite of the head and shoulders top pattern,...
This is also ABC Bullish. C is at the handle low. I am watching this cup as the handle low (HL) has actually gone down a little under Mid Cup (MC) which in theory can invalidate a cup and handle pattern. There should be strong support in this zone which includes mid cup, the handle low and C of the ABC pattern. If this support is breeched, then I am guessing...
Double bottom if bottom holds. The two bottoms do not need to be exact, but having both in the same ball park helps. There is a neckline which will represent resistance. Long entry is a break of the neckline with an uptrend in place. Negative volume is high on this one and appears earnings are over for now. Triple, double and multiple bottoms can show a level...
ADSK looks to have formed a bullish harmonic pattern, a crooked M. I would guess this is a Cypher or a Shark as peak 2 is above peak1. The cypher pulls to .786 of the AC leg and is labeled XABCD with D being the PRX, point of reversal, or the completion zone. The theory being that once price makes it to D, a bullish trend should resume. The shark is labeled...
TSLA is also trading in Descending Triangle and targets for the triangle are listed on the lower chart. Cup and handle forming but is not to long entry level yet. Price appears to be inside a channel up but does not look as if it is narrowing at the apex. I am keeping an eye on that as I do not want it to narrow at the apex )o: The 50 has crossed up and through...
RH appears to be trading in a wide rectangle. This pattern is neutral until a trendline is broken and a confirmed trend is underway in the direction. RH has pierced the upper trendline but a throwback occurred, Negative volume is high. Price is sitting on the bottom trendline which is support unless broken. Support and resistance levels were made to be...
Possible rising wedge. This is not to long entry level yet. There is resistance overhead and this is an intra-year cup, not a yearly cup. There was also a triple bottom and a bull flag. I hope that channel is not narrowing art the apex but it does appear to be forming a rising wedge. These are bearish and price may fall and find support within the wedge....
UBER may or may not have found a bottom for now but the AB leg does equal the CD leg at the most recent low. Resistance overhead. If you spot this pattern, you can use the magnet to move the AB leg and project it down from C. This pattern is not always the exact length of the AB leg though and can be an extension of that leg (making price go lower than the...
Golden cross which is a bullish crossover and can signal a new trend occurred a ways below price. I use a cross of the 50 SMA up and through the 200. The moving averages I used are all sloping upward which is bullish. Price is way above the 50 SMA. Price can be drawn a bit closer sometimes. Price is outside the top Bollinger band which is set on an 80 SMA...
This is NOT to long entry level. Earnings today After Market Close. Risky business to buy today. Mid cup is 243.45. I do not see an area of consolidation or a recent horizontal trading range to call a handle. It does seem that most do come down to form a handle, eventually, but price can also break out without a handle as well. Looks like COUP hit a bottom...
Long entry level is a break of the neckline with an uptrend. Possible stop after long entry level would possibly be under the neckline. Under the right shoulder (RS) if one was already in this security. There is also a pocket pivot under both of the consolidation zones below current price. No recommendation. The market can search out our vulnerabilities and...
Possible stop where you see a level of support. The handle low and mid cup also provide support. There is a pocket pivot at the handle low. (green triangle). No recommendation. Feels like a Rainy Day and a Monday, but it is Tuesday )o:
Price is sitting on bottom trendline of a bearish rising wedge. This pattern is not valid unless the bottom trendline is broken. If the bottom trendline is broken, price will usually find a level of support within the wedge. A strong security may not fall far before a support level is found. This can be a very long term pattern. The Rising Wedge is a...
Price below bottom trendline of the rectangle. I did not think it would go there. No recommendation and perhaps will pull back inside soon. Down targets are mere calculations and things change and it could have hit support today. The only thing that never changes, is change (o:
OKTA is riding Daily RSI overbought status with RSI on 80, but is just underneath. It is not overbought on weekly of monthly RSI. Price is outside the top bollinger band with the SMA set on 80 which shows extreme buying pressure and probably overbought status. Price will return to the interior of the bands eventually. Prior ugly top. I placed the resistance...
Long entry level is a break of the neckline with a trend to the upside. After this has happened, a stop can be placed somewhere below the neckline. If one were to enter early, then under the right shoulder (RS) can be a support level. It is not super advisable to enter before a break of the neckline, as it may not break it in the near future. We all take our...