Weekly chart Just threw a fib up there and drew some lines looks like we are in a long term pennant/wedge I would wait to see how we break out of this pattern
This week has been one for more hesitant type of trades (Fed rates, ECB, $CMCSA vs $DIS vs $T vs $FOXA, NK summit, etc.,). Haven't seen my A+ type setups until now. Announcement for $25M company buyback over next few months is definitely one about to fuel the fire that's dulled out from "Trade wars", "rate hikes", "Corporate credit after vertical merger this...
Good risk/reward here.. some good news in the name, bounce off 50 day and recent trend line, good amount of support here
Bluebird has been a strong performer over the past year, which is now testing support. It probed its rising trendline support yesterday, and today dropped below that and tested its 100-day SMA. It seems that valuation concerns are the reason that the selling got underway a couple of days ago. But I haven't read anything negative about the strength of their...
Bluebird kissed a resistance cluster @ 145, so 136 and 145 are the Levels to watch in the shortterm view Breaking the shortterm uptrend could initiate a sellingwave down to 124/107
Gave a sell signal today, could accelerate quickly with weak IWM.