FRT - above the gap up and re-testing the support line few times that held impeccably so far. Lower tops have been made in this uptrend. A breakout (red oblique line) from the descending triangle in the direction of the previous trend confirms the continuation pattern. Next target is $8.20.
ZNGA is working on a base. In probably few days trading more details will be revealed. It broke the downtrend line and retesting it. For the next 2 days is on neutral color and it will probably go long.
Lately made an impulse leg and now confronting the MA 50. Also some Be Div showing up is warning a retracement. The A/D line is not following the price action from the last days. Now it has the chance to make a bottom and show the signs of a trend reversal.
Chart is showing continuation pattern within the trend- if the pattern is to fail (187 and 188 levels very important) than the higher high is not going to happen and probably the bullishness of the trend will fade. The red, green, blue patterns are only for visualization of the whole pattern structure.
IF: the ...
JCP broke the long term downtrend, had a nice gap and run and now consolidating. I do not see any serious retracement and the gap will remain intact for some time. If it goes at levels of 7.64 - good adding for longs. First trgt would likely be around 11 and even higher potential levels.
Study: chartNice upside move, breaking the long term downtrend. It seems to have a history of a fast and furious bullish mover. However, the earnings are on Tuesday, March 18 and they are not looking pretty. The ere is plenty of rum for continuing the upside momentum until ER.