Based off history this stock does not stay down here long. I like the formation and volume spikes. At support and overall pattern resembles pre-Trump election action.
If this takes off it has the potential to create a larger time frame Inverted H&S.
Tgts 3.60, 4.80 7 then 11 & 16$
I guess if a trade deal is done/tariffs resolved, all steel...
I like the location and formation of a rounded bottom inverted H&S pattern.
Longer term nice support area where it has shown major bounces off of 2009 low and I see volume increasing on the OBV.
TGT 17 resistance area and MA's from there
Looks prime after a nice consolidation. May take some time but with all the easy money, buybacks, and technical picture looking good for a bullish run...... why not?
Would not be surprised for a little pullback before going higher as well.
There is a nice little battle going on with the previous double top neckline and the previous trend line.
Not a bad place to take profits. The market has moved pretty well off the lows, so why not lighten up a bit here and see what happens. You can always buy back on a pullback and enjoy another run. Assuming of course that nothing crazy happens.
VIKING Therapeutics..... like the formation, risk reward profile, and direction of the trend.
Targets are the bolded lines and boxes based off fib zones/ extensions.
Green is trigger red is stop or place stop below large white candle. 13, 16, 20 targets. Maybe higher
CSCO seems to be following technically the footsteps of INTC and MSFT.
MSFT has run a lot but INTC looks to be on that pathway as well with CSCO just starting. Nice round basing pattern then pop goes the weasel.
I like it long. Especially if it continues like INTC and MSFT has. Feels like the 90's all over again :)