The daily chart prime for another run to the upside. With earnings on May 5th, we could see some volatility that might hinder our set up. The major indices have been pretty strong lately so we shouldnt be too concerned with a market pullback threatening this setup until we see a reason to believe otherwise.
Chart "from a text book" Double bottom higher lows Breaking out form the bullish flag Sitting on 200 MA Room to go
Resistance is being tested as shown by the Kurotoga Cloud. RSI is a low 37.01 indicating that the stock is under bought ahead of earnings. MACD shows weakening bullish divergence on the 45min candlestick chart, but the 3x confirm shows room for growth. This is another publication where technicals are thrown out the window due to earnings, but with ABBV being a...
I was scouting for some pre-earnings play and found this one. Looks like it can run into earnings 28 october. - Clear, great looking chart: consolidation, higher lows, bullish flag - Accumulation volume - Solars are strong lately; this particular one have good news - Analyst upgrades lately So, I took a starter at 29.11 expecting breakout from this consolidation.
AMZN is stepping back down after testing the completion of a bottom. AMZN did not have a strong pre-earnings report release run. The step back has weak bounce candlesticks. A retest of the lows is likely unless more buyers move in.
AAPL has a pre earnings report setup. The pattern is stepping upward ahead of Apple Computers’ first quarter report for 2019. The candles indicate this is a professional trader pattern. HFTs may gap this stock on the day of the earnings release.