- Restest of 1st Trendline - 0.5 retracement of the first wave - Strong Momentum - Enter Between 1500-1520, SL- 1420, T1- 1670, T2- 1820 - Major Resistance - Related to the event, Breakdown from base & Gap Down
DUOL broke out of a base formation neckline @ 114 strongly on 2nd March this year and then did a classic retest of the neckline on 13 March, affirming that the neckline @ 114 has now become support. It then went on to hit a high of 147 before retracing all the way back down 116.82 (triggering a trailing stop loss @ 130). A bullish morning star pattern than...
Retailer leader. New 52wk highs. Multiple basing patterns. Ready to make a move. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Notes: * Very strong up trend on all time frames * Great earnings in the recent quarters * Coming up on the right side of its ~7 month base with higher than average volume * Creating an ascending triangle pattern (bullish) * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 1.23 Relative Strength vs....
Notes: * Strong up trend * Not the best earnings * Tested historical resistance of $6.17 around mid June * Broke and retested historical resistance of $7.43 just recently * Printed a pocket pivot and is still relatively close to its 50 day line * The Healthcare sector is doing relatively well compared to others Technicals: Sector: Healthcare -...
Notes: * Strong up trend * Okay earnings track record * Consolidating for the past ~9months * Bouncing from its 50 day line with bullish momentum Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.73 Relative Strength vs. SP500: 1.32 U/D Ratio: 1.97 Base Depth: 36.27% Distance from breakout buy point: -1.16% Volume 19.91% above its...
Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Forming a base for the past ~8 months * Testing the 50 day line as support for the past 4 sessions * Bouncing off the 50 day line with higher than average volume and printed a pocket pivot Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength...
My other interpretation is slightly less bullish but still has upside to around $20. This also could be a countertrend interruption to the long term bearish price action which would lead to the stock getting delisted. I see a lot of opportunity here and if this basing pattern holds profits will be insane, but it's definitely a lotto play. There's potential for a...
* Exceptional earnings * Very strong up trend * High RS in the Healthcare industry * Pocket pivot occurring on the right side of a rounded constructive basing pattern Trade Idea: * You can get in now as indicated * Or if you're looking for a slight discount you can look for an entry near the $423.63 area
* Good earnings * Very strong up trend * High 3 month relative strength in the Real Estate industry * In a constructive basing pattern for the past 7 months that's rounding out * Stable volume with increasing price * Pocket pivot occurred on the right side of the basing pattern. Trade Idea: * You can enter now as indicated if you don't mind a little volatility...
RYCEY has consolidated for a very long time in an extended basing period. Volume has picked up tremendously and a recent low provides a low risk, high reward entry
Very cool project. Great chart. Buy. Going to new highs Thanks