Crossover MACD (not usually high-level confirmation) but other indicators following suit, catalyst came in sound, and no surprises in guidance. Expecting to see the momentum follow through with all the data.
The pattern seems consistent, but one key area that doesn't want to see this continue to struggle is heikin, which just started its bullish position on this otherwise overbought level due to a correction to go along with the continuing selling pressure starting to creep in.
The bullish rhetoric, visual and in distinctive fashion, looks to break from the earlier resistance, forcing it to make new highs; the indicators aren't even overloaded.
All the indicators can start moving sideways, but not every indicator, as has been proven before mt stance isn't entirely pursuing a bearish trend or new price action, but all the same, it needs to cool off.
It is good at coming back from a major shakeup and looks like what we're seeing here: continuing its push toward 600 marked on indicators, good catalyst, and possible breakout to newer highs. On watch!
Continues with momentum from what we thought could be a retrace at resistance, which is still likely that notion could be put out as soon as the end of the next session, but until then, every indicator pointing towards a continuation rather than any major pullback.
The stochastics show a death cross formulating on the daily and numerous other indicators. It jumped with volatility and more than usual volume; I did declare that it may come down for a correction at some point before I expected it to break through 400, like a cannon. Still a firm supporter of bearish mode and stance.
The overbought levels are creeping up, but there is still a retrace on the current trend line, which seems to amazingly come back every two days (a scalper's dream), waiting for confirmation of a drop and the start of a new pattern. Until then, the trend is to continue making new highs, and the next step is the 150 barrier.
All indicators massively backing up to the overbought levels, the stochastic, and RSI plus MACD all have the same precedent, and one thing in common is that it could sway for a little while and cool off the temperature until it makes new highs. Short-term short.
The stochastic is the only bullish indicator for me right now. Other than that, it's hanging from a thread and needs a good catalyst. Earnings weren't, but they have been consistently running this past week. However, due to the positioning, we can use the high V box as the resistance mark unless it breaks and forms a new pattern.
The same indicators see this going down; even though the catalyst is excellent, has good guidance, and has a better outlook, analysts have charged into seeing this higher and upgraded. In the short term, short.
With every indicator, this side of the moon says it's overbought and needs to cool off. It looks to see 65, maybe before the next run-up. It's just a retrace, not a significant correction as it has been in the past. RSI and stochs are cooling, and every other indicator is continuing. See a breaking point, and be ready for opportunity.
With reasonable earnings, a better outlook, and crossover indicators, it seems like this is headed back into triple digits. The pattern formed here is resistance, where bulls do not give up without fighting back to some normalcy.
Based on beautiful earnings, as the estimate and what was reported, the outlook is now favoring, but the price action continues. We are seeing some levels overbought to the rims and need to cool down, releasing the heat of an already hot stock in the TA world, where the precedent is another test at 300. A correction at that time, unless it breaks toward mid-350,...
As analysts take a bullish stance on price analysis, it does seem to be running on all counts at 337 on the BB Keltner breakout and 341 on the upper Bollinger; other indicators have been swinging much of the time, hovering over 80 but staying put in a strong stance against the bears. We could see a continued run to 350 before that cycle breaks.
It is at the point of resistance in a big way, as this has been the turning point for this stock for many years. In some instances, it has broken, but as the weekly clearly shows, multiple attempts have been made to permanently break this area and start a new pattern in an uptrend move. It will test this area but see if it can convincingly break this area behind....
Indescribably, one of the most significant moments for the stock is on sound fundamentals, a suitable catalyst, and a technical setup for continuation. The second level upper band on Bollinger shows it can even extend out to 190, and even though there are overbought levels on some indicators, it's business as usual. It can retrace as it has been doing, and 136 is...
Keltner at 0.25 breakout could see a new forming pattern as a U turnaround on the daily and as a higher low, but momentum to shift and break if the volatility continues to the next leg. What we've seen is on the weekly and some aspects of the monthly. The chart has been retracing, and then a continuation pattern is the current price action, many indicators...