Stronger than the IBOV index, RADL3 appears to be a cup formation. It may be the handle forming itself now, or the stock is just making a pullback, I do believe it is strong enough to grow even more.
daily chart
-pull back on rsi support
4h chart:
-chart is bouncing on the rsi neutral zone of 50%.
-cup with handle formation
timing 15 mn chart
-divergences on chart
-wait for price to be on top of MA 50 (red line) before enter
This may be a variation on c&h leading to a new support building level
In that case, looking for new yearly high within a few days.
Dropping below the handle at 3682 probably means lower to test near 61.8% retracement around 3300-3400.
I've been long MPC for a number of reasons. I'm just bored. Quiet day. The most important thing is that it's found a bottom at $29 after free-falling with no support unless you go back to 2012. This stock is down -50% since early Dec 2015.
Disclosure: I am long MPC.
Currently the pair is trading above 1.4600 and just above the trend line, implying that the momentum is to the upside. Should bulls maintain their grip on 1.4600, we would expect them to target 1.4625, 1.4650 and 1.4675.
Fundamentally :
VMware, Inc. provides virtualization and cloud infrastructure solutions in the United States and internationally. Sales growth is stable, P/E is not overvalued, debt/equity is low. What is interesting< many traders bet on downside, as Shortinterest is pretty high 23% of all shares. Break of $62 may force these guys to cover their shorts and...
First off, I Apologize for the cluttered chart. If I find a better way to represent the data I will do so in the future. Also, there is a lot of info on this char so you may have to zoom in and move around to soak it all in.
It is looking like XAUUSD has a sequential cup and handle patterns happening. It also looks to be continuing this pattern in a Matryoshka...
Square's trend has changed, if you don't belive me take a look at this chart! Following an unsuccessful IPO (Can't think of any successful one in today's market enviroment) it bottomed out at $8.05 and volume dried up, subsequently it started gaining momentum volume picked up and reached a level of 12.64 forming what looks to be a cup, then the handle came along...
