If Dash does not continue to push on upwards, I would consider shorting.
BANC has come under alot of criticism for their operations being a little too good to be true and eerily resembling another financial operator with links to the firm that turned out to be fraud (identified by some short activists). BANC responded that it's false and tried to use a firm that is a customer of the bank to help clear the air. We will see in the next...
Monero has recently seen a few tumultuous weeks of trading and looks to finally be on the back side of this event. Looks to be consolidating some and trying to find a floor. All indicators are lining up towards a nice short position in the 4h chart. The price has resisted crossing the downward trend since the ATH a few days ago, and finally rolled over. There...
There is a Dead Cat Bounce on the 30 min happening right now. Price retraced to the .50 fib, you can use which ever level you like, I like the .50 and .618 fibs. I am currently short (.71391) because of the big bearish pin bar and the shooting star candles. I have my stop just above the current swing high at .7160 and my target at .6985. There is also a Bullish...
There is potential Bearish Bat on the 30 min. There is also a 1.618 fib ext correlation in the same zone. I would look to get short around 1.1369 with my stop above the swing high at 1.1435 and a target at 1.1087. The target is a .618 fib retrace from the entry price. This is of course, if price breaks and closes above the .50 fib zone. Also, this .50 fib zone...
Jezuz FUDGE!
We are over sold on the current down move. If you are short, it may be a good idea to tighten stops or cover positions. We are looking for for a short term bounce in the Indexes over the next two trading days...but only a short one.
Yesterday was the first day where it bounced back from it's drop. While the earnings report wasn't a surprise, it seemed to go well with investors so I'd say this will have a bit more upward movement. thepatternsite.com
CTXS has had a series of Long Islands with the last one being a Island Reversal. Unfortunately, yesterday's bust downward already meets the measure rule, preventing you from any profits from the downward breakout on that Island Reversal. However, there is a 65% chance for a pullback to occur, which also could fit it into the Dead-cat Bounce category. Wait at least...
I'm posting this one a bit late and wish I would have found it on the first day it jumped because this stock jumped that day on mediocre news. A few days later and similar earnings as last quarter mean this will definitely return to the previous trend line back down sub-$1. thepatternsite.com
Price dropped from the earnings report but should bounce back tomorrow or the day after. Wait for pullback to confirm before buying. thepatternsite.com
Stock dropped on the statement from Lakewood Capital but I'm sure the market overreacted and it should actually be higher than where it is now. Extended hours will be a good indicator of where it's going so wait for the pullback before buying. The day after a drop is usually an even lower low so another day wait may be needed. thepatternsite.com
FOSL fell on the earnings report, which wasn't as bad as the price went to so it should be bouncing back up. Yesterday showed the first day up and will probably continue. Market open will depict more. thepatternsite.com
There isn't really much to justify the large jump that it had yesterday, as the earnings were just marginally good. Using the measure rule for the Good Earnings Surprise, it is already way past that so it looks like it should come back down to reality. However, watch the extended hours trading and first few moments of the open to get a better picture of where this...
There should be a small rise after that earnings drop a few days ago. It already started the upward swing but I wouldn't keep it too long as it will probably continue downward after that. thepatternsite.com thepatternsite.com