The technical sell point is when price penetrates the lower trend line of the pennant area, ideally on volume expansion. Be patience...
This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and...
Expect this stock to move upwards. SYN, is displaying a descending triangle off of a big move and has support at 2.30. As highlighted on Bulkwoski's site (thepatternsite.com): "If price rises into the pattern it breaks out upward 73% of the time." This company 4 drugs ... one which has shown to improve MS patients, and another which address C Diff. C Diff has...
SYN is nicely trading within a pennant right around the time that it is also forming a golden cross. Good time to get in before the cross and pennant fully forms and the price breaks out.
I don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy...
the chart is self-explainable. Check out the other updates of my most successful Bitcoin analysis.
If you don't want to gamble wait for a breakout.
I think bulls are seeing a large pennant, thinking that $470 will provide support along the lower trend line of the pennant. There is a possibility it might too. I'm inclined to think that it will not hold though. If this is a pennant, there is very little time and range to play around in, so it should break soon. The indicators that I use are all showing this...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
Although at the time of making these annotations MNKD is gapping-up in the premarket, the fact of the matter is this chart has been in a nasty downtrend and has formed a Bear Pennant Pattern. If it does gain any upside strength, the true test will come if the price can make it up to the pivotal $8 level. Until any multi-day closes above $8, I will remain bearish.
During the last weeks Bitcoin formed a big pennant from the beginning of June until now. After two weeks of large movement (20 may until 3 Juni) followed by a consolidation period of four months we note converging trend lines. The pennant that's formed is often followed by a breakout movement in the same direction as the initial large movement. It's the second...
The break happened last week and this week can be confirmed, they offer a good risk/reward ratio. The MACD divergence and RSI indicators are also bullish
So, while everyone is concerned to go back to 540 or maybe even lower. I still think we will get back to at least 600 USD. BTC just broke out upwards after making a Bullish Pennant. This pattern is effectively a pause in an uptrend. The price has moved ahead of itself with a steep rise; therefore market activity takes a break before continuing the uptrend. This...
Sorry for the mistake, check the chart in Day grain, mistakenly forgot to revert back from Weekly JCP has been licking the recent ceiling for quite some time, and ER is 20 days ahead. So far it looks like a major bearish pennant as it s formed on a/after a down trend. Yet still it is kind of out the major down trend. I guess either positive news, and most...
Consolidating after a nice move on New Game Success. Ichimoku Buy signal just ticked through and MACD crossed bullish. ER is this WED and it will be a beat, beat, raise, qtr. Looking very good. Can wait for breakout to buy, but safe to add anywhere here.
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...
After a "fall from cliff" in the Q4 of last year, $NQ made a bullish pennant and broke out beginning this year. Reaching the 22 (78.6 ret. of the 2013 high). Dropping down to this year low @11 (78.6 ret. of this years high), $NQ creates again a bullish pennant, ready to break out. The breakout level to watch is 13 with a target 19.50-62