Price has been consolidating for the past 6 months. Bullish divergence points that price should be rising out of this triangle soon enough.
Slope of ema50 is nearly flat and ema200 is mildly bearish, meaning price action at a possible inflection point near earnings. Will see $55 if bullish momentum continues. Otherwise retesting March lows for support is within it's ATR. Obey your rules.
Watching for the downtrend channel resistance force the support trend to break to the downside
Potential sell off here according to previous channel. Target $20
What I wrote on the chart is pretty much self explanatory.. These stock keeps failing to break down trend resistance. Until it doesn't show any sign of bullishness, I wont touch it.
If BLUE gaps above 174.85 consider using the Gap N Go strategy. Watch out for low volume. To receive a free and complete stock trading education go to www.RealLifeTrading.com
If BRKR gaps above 174.85 consider using the Gap N Go strategy. Watch out for low volume. To receive a free and complete stock trading education go to www.RealLifeTrading.com