something different anyway... tight, vol contracting ...... decent price action ...
do i think this charts a breakout? no, as you can see in its history its been rejected around this price so many times, id say wait for 24+ then it is a breakout, for now id look for a dip entry. dont get caught at the high! goodluck :)
If you traded long enough, you know that no matter how great looking a chart pattern is, it could still fail. NASDAQ:SPTN is a good example of that. The 2 months Cup and Handle chart pattern was very well defined with a breakout few days ago on decent volume. Stock stalled right after the breakout with no follow through and ultimately dropped below horizontal...
and there she goes. Broke out today on good volume. Posted this over the weekend after coming across this setup during my chart screening. Keep it Simple!
2 months long #CupandHandle chart pattern on NASDAQ:SPTN . Daily close above pattern resistance will set the stage to a breakout rally up to pattern price target indicated on the chart.
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the four stocks that I been currently bullish on that I am still watching like a hawk include SPTN, JNCE, ACB, SLRX. JNCE worries me in the fact that the market is unpredictable, ACB is very volatile from time to time, and...
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, SPTN should really start to rise. The market's reaction to their outstanding earnings call was mainly due to a bunch of people shortening out too early rather than hopping to ride a wave. I still wanna get out a surf board...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said Spartan Nash which was already rallying beat earnings call expectations. Infact, they crushed it. As tempted as people are to take potential profits they have and sell at current market price, I suggest you set a sell order for...
To me the bottom wave forms look more like a corrective pattern so I am not expecting a new long term high. However "C" of a correction can be fast and furious. I have based the target box on the height of the "W" pattern and the Fibonacci relationship. You could use a stop below the short term up trend line or the recent low on the 1 hour as a stop. Process...
$partanNash Industry; Groceries Sub-Industry; Food Distributors Sector Retail/Wholesale Fundamentals Book Vakue pr share: $19.92 P/E Ratio 7.48 Institutional Ownership Percentage: 80.95% - More buying than selling in Q3/4 Insider Ownership Percentage: 2.20% Debt situation, probably not a hold in a recession Debt-to-Equity Ratio 1.39 - Should be below 1 Current...
Very nice inverse H&S shaping up on the weekly chart, trying to breakout after couple attempts in the past month MACD and RSI both very supportive (MACD histogram in positive territory / RSI above 40) Check out the accumulation volume in the past 2 months or so (after the capitulation selloff down to around 9.00ish , buyers stepped in and more than absorbed the...