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p4917

Short-term technical upward move likely

Long
DexCom, Inc. (NASDAQ:DXCM)  
p4917 Updated   
NASDAQ:DXCM   DexCom, Inc.
Seasonality Candlestick Analysis Head and Shoulders bullishtrade shorttermbull shorttermtrade longsetup Inverse Head and Shoulders inverse headandshouldersformation headandshouldersbottom hammercandle
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seasonality candlestick headandshoulders bullishtrade shorttermbull shorttermtrade longsetup inverseheadandshoulders inverse headandshouldersformation headandshouldersbottom hammercandle
This is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
  • According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
  • The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday.
  • A clear hammer candle formed yesterday.
Trade closed: stop reached
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