PHR - That's a nice Flag inside Fallen Angel and weekly SSS signals. proper pivot indicator down the bottom smart search system as well. 200sma may be used as resistance.
I will wait for confirmation before investing in this company. In fact, earnings are end of month. So we'll look for a good entry, either a breakout of this wedge or retesting the bottom. We'll see.
DECISION PROCESS Trend is progressive (exponential selling strength to target price level) Strong selling exhaust (price is moving strongly with volumes) Buying pressure (First buying signal appear on support levels) Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle) TIPS - If market is lateralizing...
Hoping PHR holds around 64 and fills the gap @ 76 from February. This would be a gain of 18% and possibly wave 1 of a new cycle upwards. Stop loss @ 61.
Not happy I did not take profits on the fake rally 2 days ago, very low volume. Now that this stock has fallen, trying to learn my lesson: This was a 3 drives and the fall was down to precisely the line from peak #1 through bottom #2. Almost spooky how that happened. Now drawing fibs and I'm hoping it returns to fill the gap, to 69, back where the 1 hour VP says...
Looks ready to move next week with price closing above rectangle and symmetrical triangle resistance today.
The upper boundary of the symmetrical triangle is also a weekly down-sloping trendline.