The stock has built a nice pattern and is breaking out, always best to ensure breakout is real with volume support, often EOD is best time to buy if still in bo mode.
Basic TA
But remember the market is "Fluid" ;)
P.S
i should have posted these on 12/14/15 First Attempted
Second was an Early Morning alert about 5:AM 12/16/15
-----> twitter.com
This bearish diamond top is predicting the recent downside momentum will continue with measured target price at $63 next 8 weeks. If u decide to take short bet against this trade use tight stop loss at and around $75. Real-time alerts www.2waytrading.com
On my May 23 post, I explained the build up of FANG's Ascending Base pattern (). Since then, it's completed, breaking out on June 3 and continuing to its target shown in light blue on the graph. FANG now appears to be forming a Flag pattern, which tends to continue the previous trend (up) after breaking out of the flag pattern.
FANG has held pretty strong at...
Looks like a big distribution day in FANG. Price has been following a channel pretty much since it IPO'd in late 2012. It broke the channel to the upside on 6/11, and is currently near the 1.382 channel fib, but was not able to close above it. With vol 3x normal and today's close basically unchanged from yesterday's close, this could be a signal of a...
