An intraday high potential, Back Tested Long Analysis. We ll try to find an entry price within the expected pull back zone 102.52 - 103.58 as previously being back tested. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis...
-Parabolic trend -Tight 3 week pennant continuation -Wide spread between 50 and 200 daily SMA indicates strong trend -Daily Bollinger band contraction with price sitting on 20 day median moving average -Good volume on fridays close -BATS Exchange issue sitting just off ATH above $100 30 basis points planned, will buy intraday break of pennant
-12 Week Ascending triangle -Clean boundaries -Favorable is volume rise continues -Bollinger band squeeze on the daily -Maintained its strength in current market headwind 50 basis points planned
Buy: 78.00 Target: 80.00 - 84.00
As the title states.. perfect 1.618 retracement on resmed, MACD about to go green, just went at the 5 day moving average and above the 10 and 25 day moving averages. Only negative is the news and IHC reports, but price action shows a clear bull signal.. consistent higher highs and higher lows, the trend is your friend.. green lights, go go go... IF tomorrow has a...