Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
NYSE:FTV
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
In my opinion, the "ice-line" of this Cup & Handle Continuation...
The PEAD projected a Neutral outlook for $FTV after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
The PEAD projected a Bullish outlook for $FTV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Linear regression channel is sloped up and the current price broke above the regression line and the 200 SMA after testing support at $62
OBV is turning up as is the Force Index (13), (2) and the MACD.
On the ADX the D+ just crossed the D- which is very bullish.
Stop: 2 X ATR
Target : 69.02 (prior high)
A W-bottom pattern might be developing.
A price action 53.50 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further bullish trend support above 55.00.
Consolidation from 54.50 to 56.00.
Crossing above 56.00 might target 58.00.
Crossing below 54.50 will be the first sign of weakness.
MACD crossover (lower panel)...
Uptrend Support with a bullish pennant forming about to breakout.
Target price set at new uptrend resistance line.
- 5-month uptrend support
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $74.36
Suggested Stop Loss $72.33
Target price $83.89
Note that I tend to adjust stop losses in order to secure profits early and preserve capital....
Hey my friends, FORTIVE CORP is on a bullish slant, propability of a push on the trend line to breakout the consolidation zone see a fallout at the end of the session.
Please LIKE & FOLLOW, thank you!
The price of Fortive Corp has recently crossed over the historical support/resistance at 62.81 and the MACD looks optimistic, has just crossed over the 9 EMA, and shows convergence. I expect the 50 SMA to cross over the 100 SMA very soon and the RSI looks still ok.
VF Investment cannot be held responsible for any financial damages suffered from following our...
NYSE:FTV
A rectangle pattern is typically a consolidation pattern and is an area where the price is trading in a range confined between two approximately horizontal lines which represent support and resistance respectively.
FTV has quickly developed a bottom formation even while High Frequency Traders attempt to run the stock down further. Hidden Dark Pool Quiet Accumulation is moving price upward.
