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...
