Looking like ABC bullish but could drop to a double bottom.
EARNINGS ON 2-17 WILL PROVIDE THE OUTCOME.
The top is suspicious.
Possible stop below C or A in this case. Or wait for earnings (o:
No recommendation.
Short is 3.46%
Sometimes I look at NVI on the 1 minute time frame if is looking lower on daily to see what smart money is doing. I look for volume spikes that often occur towards the end of the session or at session lows. It lets me know they are not crazy about letting it fall lower than that price. It may fall below this, but they come back in because their money is at risk at certain levels.
20 SMA with multiple negative crossovers. %0 and 20 sloping down and price is below the 20, 50, 100 and 200 SMA. If you trade on moving averages then this one looks iffy. Moving averages are lagging indicators as are analysists.
EARNINGS ON 2-17 WILL PROVIDE THE OUTCOME.
The top is suspicious.
Possible stop below C or A in this case. Or wait for earnings (o:
No recommendation.
Short is 3.46%
Sometimes I look at NVI on the 1 minute time frame if is looking lower on daily to see what smart money is doing. I look for volume spikes that often occur towards the end of the session or at session lows. It lets me know they are not crazy about letting it fall lower than that price. It may fall below this, but they come back in because their money is at risk at certain levels.
20 SMA with multiple negative crossovers. %0 and 20 sloping down and price is below the 20, 50, 100 and 200 SMA. If you trade on moving averages then this one looks iffy. Moving averages are lagging indicators as are analysists.
Comment:
I get this strange feeling this may be a double bottom as earnings over a week away. I hope not but for now possible stop under C or A. A is you want to hang long term. Price often dwindles down close to earnings.