If you're thinking in long-term, you'd not buy. The price is below 30MM and yet, we can't see a valid support.
My old friend semiconductors, what a wild ride recently. The unstoppable sector with ridiculous growth rates seems to finally be slowing down. After being hit by the trade war, recent market correction, and the slow painful death of cryptocurrency. Another sector I believe is overly beaten down. Firstly, this another play where I am looking for stocks which have...
This is a reversal pattern called the Shoulder Head Shoulder. This publication is of an academic nature. Orlando Enrique Fajardo Ocariz
I was wondering if this meets the definition of a head and shoulders pattern. It looks like a textbook formation to me.
i think we need atleast 6 more months of consolidation before we can breakout
KLA-Tencor Corp (NASDAQ:KLAC) jumped higher in early trading, only to give it all up by the market close. This reversal took place at all-time highs, forming a technical analysis based topped tail. Topping tails are extremely bearish reversal signals. This likely alerts investors to a major reversal taking place in KLA-Tencor and significant downside in the coming...
I think I've got this Cup & Handle thing right. Trading Viewers let me know: is this a valid Cup & Handle pattern?
Friends This is a little how intrabank analysis goes like, logic and then analysis to find moves... Hope you find it interesting.. Longs are good here, despondence has pushed what I perceive as almost every bear out of this market, who have pushed the market into final stage of cycle, where we begin from new. This is a minor cycle, and not a intermediate, or...
KLAC expected to open at 66 for a Retest Gap. Watch for nearby support. Might make a good swing trade if it closes below next support. To learn to trade this strategy for free, go to www.RealLifeTrading.com
2-days ago, posted two conflicting patterns of which we were inclined to the bearish one with target price 75 but price even went beyond that level and it was great. It was more of the outlook that killed recent big rally and probably will not recover soon. The huge bearish gap down did not get enough attraction to buy the dips especially high dividend yield stock...
Do patterns and technical evaluation matter? Yes, if you are a technician but recent market that salivate when central banks even say a few words gave hard time both fundamentalist and chart-st alike. The ascending bullish triangle is predicting a possible upside move that goes beyond reasonable levels but still if u believe in patterns u shouldn't worry, another...
This morning, the leading semiconductor equipment maker KLA-Tencor Corporation (NASDAQ:KLAC) is coming under some selling pressure. Earlier today, the stock was downgraded by to neutral by Susquehanna. KLAC stock is now trading lower by $2.17 to $62.60 a share. Day traders can watch for intra-day support around the $61.97, $60.88, and $60.45 levels. These support...
Many things working for us to consider a bearish reversal. We are hitting the 5th wave of the Elliot wave. Major resistance from all the way back from 2007. MACD has a nice bearish divergence Stoch is showing the stock is overbought and due to pull back. Looking for a pull back to the blue dotted trend line.