Larger inverted H&S structure, angled. Symmetrical triangles can be assumed if price begins to rise, favouring continuation Expecting continuation and bullish results along the trend line of the H&S
Comparing two points along a major trend line They can be compared due to there position relative to the previous fib circle also in there structure aswell I expect movement to follow how the green arrow moved in the earlier scenario
@strong resistance point above the 200 MA and with a buy signal on the MACD
*Trading idea* Looking at a triple bottom chart pattern on $ABCB The price has broken through the neckline and is looking good to move upwards into the next 3 Fibonacci levels based on the MACD. The final profit target I'm looking at is at the golden ratio Fibonacci level 0.618. TP1 @ 29.53 (0.382 Fib) TP2 @ 32.41 (0.50 Fib) TP3 @ 35.28 (0.618 Golden ratio)...
ABCB: Ameris Bancorp 2019-09-19 16:05:00 Ameris Bancorp Announces Quarterly Dividend Increase and New Stock Repurchase Program
tp 50% out area exit half posision and other half stays till ............
ABCB: Ameris Bancorp 2018-10-25 07:00:00 Ameris Bancorp Announces $100 Million Stock Repurchase Program
Resistance broken ready, pullback ready, swing low ready That is all
ABCB is closing in on an advanced pivot that is clearly visible on both the daily and the weekly charts. When pivots are visible on multiple time frames they stand a better chance at working. Here's the setup... SETUP: 2nd stage flat base Classic Pivot : 47.70 Advanced Pivot : 45.15 Support : 42.75 and rising 50dma/10wk line **note** 50dma and 10wk...
There are a few things I like about this setup: All moving averages are accelerating The RS line is near highs Price action is tightening as we approach the pivot Clear support along the 50dma so far Strong industry group (top 50 per IBD) and other stocks setting up within the group Earnings is already out of the way I see the pivot as being the recent...