Could go either way, but momentum is looking bullish and so do the options at the moment. Will give up a bit to get confirmation like last time. Notes are on graph.
Notes are in chart, but this is following nicely atm. Will wait to see test of 42.37-42.22 and need a close above handles resistance for me to go all in on this one, but i like the set up currently!
Pertinent notes are in chart. It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt...
long-term view but this is a crazy good buy and hold position.
Gotta love it when a plan actually works on time!
MTZ was up on Thursday with above average volume given the recent weakness in the market. Looks like a breakout from the base is very likely.
Momo stocks showing double bottom on the pullback with bullish divergence.
Idea is that 60 min consolidation will hold and then I will look for short trade with new low and day trade run to $19 area. With good pace we could see swing trade with run to previous weekly low more tinyurl.com
As pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock: - There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more - Technicals are all on the lows, *MACD in a nice setup to turn up for...
Received confirmation today on solid volume
This stock really moves. Looking for a close above 52wk high on increased volume before going long.