Bearish Crab. The 4th leg of the crooked W appears to have terminated at the 1.618. The Crab is a reversal pattern which causes price exhaustion. It is also an Extension pattern as the 4th leg ends above X. There is a gap below price that may or may not provide support. PE ratio is high, especially for this sector. There is no dividend so I am wondering why...
$SWAV 3 week consolidation putting in a pivot to trade against.
For flag traders out there. $SWAV is a leader that is bull flagging.
$SWAV setting up a very nice 3 touch trendline here. Potentially setting up a mini coil as well if Monday's session can stay inside Thursdays bar Also watching this for a first touch of the 10 week line, but that will likely be market dependent
Fundamentally really good company breaking down trend line in a strong sector. Options chain is pretty trash on it but can be a shares play.
ShockWave Medical, Inc. ( NASDAQ:SWAV ) Sector: Health Technology (Medical Specialties) Market Capitalization: $7.109B Current Price: $198.62 Breakout price: $200.15 Buy Zone (Top/Bottom Range): $194.30-$180.50 Price Target: $217.20-$221.90 (1st), $246.50-$249.80 (2nd) Estimated Duration to Target: 38-40d (1st), 83-88d (2nd) Contract of Interest: $SWAV 8/19/22...
I am getting excited about $SWAV pullback here. Been watching this for weeks and would like to jump onboard this horse at some point if it sets up correctly.
This is a stock that's been going up for 2 years. It has always followed the trend quite sistematically and now we can see a fall from a bubbly ATH and some distribution happening at the 200 MA levels. To me this looks like a stumble, not quite in a bear market yet but it's getting closer and this is the right time to take a short position imo.
$SWAV remains supported at $165 since early dec'21 when market experiences 2 period of weaknesses. not the strongest name for past months but could be poised to be a late runner. have been challenging VWAP from ATH since 2022. recaptured its 10week MA this week.
NASDAQ:SWAV went back over the 200MA and 200EMA. Candle with Volume (over average) is a good indicator, that the next rallye is coming (also broke negative Trend). The last two negative days were both under the average volume.
Shockwave is a medical device company focused around catheters as implantable medical devices to help assist in treating cardiovascular disease. It has had a strong run trending nicely since March last year and is up around 500%+ since then or up over 250% over just the last 12 months - both numbers including the big pullback. It will be interesting to see if...
Over the last three days, Tickeron's A.I.dvisor has detected that SWAV's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
Over the last three days, Tickeron's A.I.dvisor has detected that SWAV's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
Shockwave is another medical devices company that has been having a good run for a while now. 16% is a nice level without too much volatility, while an 18% stop loss would have kept you in the trade through recent volatility. Still a bit of room on the RSI, so could be worth a watch.
NASDAQ:SWAV Short RSI = Over 80 Hanging MAN WEEKLY Candle stick Long time Up Trend = Need some rest
Consolidation channel within an uptrend supported by persistent bullish Chaikin Money Flow. Suggests a potentially explosive move north soon?