At the close of March 22, 24, NASDAQ:QCOM has been moving 2 weeks in the high tight flag pattern.
A breakout of this flag with high volume confirmation would be a valid buy point.
SMCI has been on an impressive trend up since the first day of the trading year. On the 15
minute chart It had a healthy 12% pull back about February 22-29 but then rallied again on
a reversal upside to nearly the ATH of $ 1075 set on Friday 2/16. I note that traders like
to trade SMCI on Fridays and likely are chasing same day expiration call options. I...
Here on the 30-minute chart is my idea for the continuation of my VINC idea posted here before
the current breakout. Price is presently in a consolidation ascending regression channel .
The choices for a play are to wait for a break above or below the channel or alternatively
play the price action inside the channel. Since price is currently at the bottom of...
This 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big
move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the
day. For me, this demonstrates the value of one or more of these indicators armed with an alert
or notification to catch the move once it gets started. It also shows the...
VERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its
bullrun after the earnings report was a two line beat much like the one a quarter ago.
VERX has impressed traders including this one who got in on the ride early. I will trade
this like others recently with a similar pattern. I will hold during the consolidation and
watch...
CVA on the 30-minute chart shows a high tight flag pattern after the big report of profit
on an annual report. Inflation is affecting auto stocks and recession is increasing the
number of used care purchases while inflation hangs in there. URLs for both a description
of the pattern and the news are embedded in the drawing. The RSI indicator shows a...
