Looks like we're in the making of wave iii of higher degree (v) of one higher degree red wave ((iii)).
Nice bull flag form looks set to break out to highs at 214. follow me at traderzach.substack.com
When the handle low is so close to the break out level..it is often more powerful This is almost a V bottom Either way, long entry level is the same Long term uptrend NV is very high Not a recommendation/Just a great company
as this market is a bit odd right now there are still loads of trades to take a bite off. This CMI bull flag is really clean.
Trading off early identification of downward channel. Enter short at top of channel, with 3% stop loss for some tolerance against light chop outside the channel. Target is 0.786 retracement which aligns at the bottom of the channel upon financial release.
It has potential, price dipped for three days+ now. been through three impulsive downs, EMA 20 broke above EMA 50 just a month ago. Bullish overall. Entry around 147
The RSI is holding the same lows (labeled in orange) at between 30-50, but the price is at a higher low. Potential breakout
It should reach a lower low by tmr 830am pacific time.
Stocks that seem to refuse the opportunity to move lower, psychologically wear out shorts and bring in longs. With two months of slow strengthening, I think this is the case with CMI.
i think we are going down, 100$ is a good support area, we might get there in 2 years time
Head And Shoulders Pattern, described by Japanese candles with a one-hour timeframe of the company Cummins, Inc.
Strong channel since jan 2016. Breakout over 2014 high - bullish for continued rally.
I like this stock and this is why: The stock bounced at a very nice support line. The candle looked great for a potential bullish move. When you see a big gap on good earnings, you usually see a retracement and this is what happened last week and after that the stock may continue his previous uptrend move and this is what im expecting. There is also the 10EMA who...