Could this be a continuation / triangle pattern?
I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance.
Should price action keep testing that level around 218, I could see prices break out, retest...
The PEAD projected a Bullish outlook for $VRSN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Targets in orange with possible target 1 in larger type.
T2 if T1 is passed is in smaller type.
Valley 2 is lower than valley 1.
The final leg appears to have terminated at the .786.
Shaped like a crooked W
Bearish Cypher.
No recommendation
The PEAD projected a Bearish outlook for $VRSN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Also a rising wedge
Guess folks get too excited sometimes and run securities too far to the upside. I am beginning to wonder what type of market we are in /bull or bear/ but time will tell )o:
Thinking we need to chill for a while perhaps?
No recommendation..
2nd valley is lower than the first/just flip it the other way for Bull shark/I hate those Ws! LOL
I do not see a clear cut handle yet but I do see a nub of a handle. I look for a horizontal range or an area of support of at least 3 or 4 candles, which there is 3 candles but I prefer a longer area of consolidation for a true handle. You may see an area that I do not see. We all have an opinion, or 2 (o:
BEWARE. Price is outside the top bollinger band set...
This one has been bobbling around in nowhere land for quite a while..Tried to break up from a V Bottom, but was captured by a bearish rising wedge/fell out or broke bottom trendline at the top...and has been falling ever since.
Perhaps recovered now and it is hard to be bullish, especially after a day like today..time will tell..
There is an adam and adam, and...
Vrsn has struggled for quite a hile. It seems to have broken up from the S triangle.
VRSN seemed to be cruising along but was in a bearish rising wedge/fell out and seems to have recovered.
Not a recommendation
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend...
I like this stock and have been eyeballing it for a while to add to my portfolio
Does not seem volatile and has no parabolic appearance
VRSN is residing in an ascending triangle at the present time.
Earnings are 7-23 AMC and they have missed on occasion
I am trying to put indicators in context, in the background, as they can make it almost impossible to see what...
I posted this one before and think this one will be a winner/But there is an unfilled gap in the chart. Small but never the less..it is a gap up at 187ish near mid cup level
I do own a small amount of this stock but will make sure this one does all the pulling back she is gonna do before I buy more. I can't ever know that re but earnings are 7-23
Possible it...
The cup handle has dipped dangerously low. Looking like a bull flag at this point, but I think earnings will solve the mystery. It's as if the stock has been reaching for prior tiny gap up for quite a while. There is a wick dangling inside that gap so it may be considered filled. In any case, the area would provide excellent support and is right around mid...
There is strong resistance at around 220 level.. Also forming a bull flag on weekly after a very strong comeback from April crash.
Once broken, can have good returns.
Disclaimer: Not an advice to Sell or Buy!!
