lauralea

lauralea

Price is outside the top bollinger band set on an 80 SMA verse 20. This exhibits extreme buying pressure and often overbought status. Price eventually returns to the bands as a rule. ABC bullish. Possible stop under C or last pivot low. ABC is a common corrective pattern and the target is D. Golden cross when the 50 SMA crossed up and through the 200 SMA. ...

lauralea Updated 

NEE is not quite to long entry level of 87.79. Golden cross below as the 50 crossed up and through both the 100 and the 200 SMA. Price is way above the 50 SMA, and price is sometimes drawn a bit closer to this moving average. Price has been over the upper Bollinger band but has dropped back inside and now pushing over the top band today showing heavy buying...

lauralea

NFLX is overbought on daily with RSI seton 80. It is not overbought on weekly and monthly RSI. Price is outside the top bollinger band with SMA on 80 which exhibits extreme buying pressure and possible overbought status. Price is at an old resistance level and the wick made it through but the candle body is underneath. Long entry level can make or break you...

lauralea

Earnings were not received well. Veeva Systems (NYSE:VEEV): Q2 Non-GAAP EPS of $0.94 beats by $0.08; GAAP EPS of $0.67 misses by $0.03. VEEV is being punished today and is now trading below the 50 SMA. Negative volume ramped up significantly today, so smart money interested in the pull back. There is a gap below the handle low. One reason it is not a good idea...

lauralea

XBI formed a double bottom. The bulls made a stand at this level. Appears to be in a rectangle which is a neutral pattern until a trendline is broken with a trend in that direction. The top trendline of a rectangle is resistance. The bottom is support. It is a horizontal trading channel and price can bounce back and forth until a trendline is broken. No...

lauralea

Bad news event )o: Price broke handle low of the large cup and handle pattern I drew a while back but never posted. The handle low was 110. "FDA requires updated warnings on JAK inhibitors citing increased risks of heart events." ABBV is involved in the marketing of a JAK inhibitor which is for arthritis. Good dividend payer with a yield at 4.31%. PE 9.5 ...

lauralea

Possible stop under C. The target is D. ABCD is a common corrective/pullback pattern. Targets are calculated using the AB leg and projected from C. C is not always C and any pattern can fail. Long term, yet a bit bumpy, uptrend noted on 20 year monthly timeframe. No recommendation. Short percentage is very low and negative volume is very high. I have a...

lauralea Updated 

Earnings today AMC. From what I read, which was brief, ZM is supposed to beat earnings but it is the reaction to the news that can make the difference. Risky to trade at earnings and a symmetrical triangle is neutral until a trendline is broken with a trend in the direction. ZM is sitting on the bottom of the triangle on the support line. This could go either...

lauralea

Appears to be close to a bottom down there. Price is still fairly close to support, unlike a lot of the market right now.. From reading, it looks like MKC got in trouble over some Italian seasoning that they have since recalled from the market. Earnings are estimated September 27th. Talking heads were speaking of folks being too afraid to go out to eat )o: I...

lauralea

I posted targets for the largest cup but there are 2 other cups inside one could trade. The large cup would need to break the prior high of 97.28 to be valid. If you were to trade the smaller cups, one would find the high of that intra-year cup and the low (same for all 3 cups), calculate the depth, pick a long entry level and calculate targets. Now that I look...

lauralea

TSLA has broken up and out of a large descending triangle, and appears to have formed another, smaller descending triangle. Price has broken the upper trendline today of the smaller triangle. The upper trendline of the triangle, once broken, can form a source of support. There is resistance overhead. Support and resistance levels are made to be broken. ...

lauralea

AMD has formed 3 bull flags in a row since getting past a multiple bottom pattern. The pole was formed on some high volume. Volume is decreasing, but that is normal while a flag is forming. Ideally, there will be large volume at break out level from the flag. A flag is a consolidation pattern like triangles and also serves as a pull back in many cases. A bull...

lauralea

Earnings are 8-31 after market close. Big break to the upside and was before earnings were released. Lots of green. There is a gap under price and a pocket pivot as well. Pocket pivots are a way to identify institutions' footprints within a base or an uptrend. Institutions buy within consolidation periods and during uptrends. This buying will leave behind a...

lauralea

Target is D. Possible stop under C. If price goes more than a few dollars under C, the pattern is no longer valid. There is a gap from a while back under price and movement down halted here for now. There is also a gap over price from a several months ago at 386ish. (red line) If price stalls here again and you were in this, It may be a good time to...

lauralea

Possible stop under C. ABC is a common pull back pattern and D is the target. No recommendation

lauralea

Possible stop under D. Price fell below the lower bollinger band with an SMA on 80 verses 20. This can also be a bearish signal and exhibits extreme selling pressure, so here you play it by ear and go with your gut. A strong security will often snap back in to the bands and many will trade at least back up to the middle band. Price fell below the bottom band...

lauralea

The target would be D. This is a correction pattern and is very common. Sometimes it can be an AB=CD in which the AB leg equals the CD leg and you can use the magnet to move the AB leg and project it from C. The targets can also be a bit shorter than the AB leg or an extension of the AB leg. Targets are calculated using fib levels. I use the .382, .618 and...

lauralea Updated 

C is over long entry level. The Cypher pattern is a technical wave pattern in which the market is trending but it makes sharp reversals during the day. The important point of the bullish cypher is that both the lows and the highs are trending upwards. For the bearish pattern, the opposite happens. If the cypher completes successfully with a reversal taking...