Cup and Handle breakout This breakout is also above the major down channel which can be plotted I expect bull continuation on a large scale with a move like this The circles show an inverted H&S
1. Price levels are working great here 2. Weaker than the market 3. Globally uptrend locally downtrend 4. Price level confirmed by FBs and a few touches 5. Distant test 6. Approaches with regular bars 7. the instrument has energy 8. Potential 10 to 1
SANM last 12 quarters have seen positive only reactions. - Past performance is no guarantee of future results, but history does rhyme. Technicals RSI(10) @70 reaching higher OBV growing as the price does the same. Acting great with above average volume before earnings. I see a potential move of 10%-15%.
Yesterday's jump might have resulted in a new uptrend. At moment it looks like if it will turn into a sideward movement. But as long as we hold well above the both MAs we may still expect that the rise will continue. The sideward movement may replace a correction.
An intraday high potential, Back Tested Long Analysis. We ll try to find an entry price within the expected pull back zone 28.70 - 28.95 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 study,...
We're possibly in the wave 4 retracement. If thats the case wave 2 retraced ti 0.786 , so its likely that wave 4 will be a short and slight retracement, possibly up to 0.382. So we should go in to a long position at market price , 31.75 stopp loss slightly below 0.382 fib level 30.60 take profit at just above 0.268 fib , because wave 3 went beyond 1.618 fib so...
Sanmina has hit target 1 after the bearish ABCD. will it retest the point D level then move down to target 2? or will it breakout? Let's see.
July 10th, 2015 - July 8th, 2016 QA Avg. 12-month Price Target: 25.28 Analyst Consensus Price Target: 22.25 QA Price Target Range: 15.48 - 33.55 Total Alpha Rank: 97th percentile Value Alpha Rank: 98th percentile Growth Alpha Rank: 59th percentile Quality Alpha Rank: 58th percentile Sentiment Alpha Rank: 75th percentile
I believe that with this recent break of a multi-year triangle, SANM has much more upside