We already saw the affects of trade fiasco. This name gets it. New home sales have been soft. Plenty of hints. Get it
This is the long term chart for URI. Very predictable stock from the 1W chart. RSI is our biggest indicator here. Nice harmonic patterns forming within the triangle, with many points touching both sides of those lines. You can see each time RSI bottoms out around 30-40, a rise is imminent, and stops at that upper line. Furthermore, IV is 12 points below the...
United Rentals has put in a buy signal for a potential bounce for 4-10%
UNITED RENTALS SURPRISED WITH A FABULOUS EARNINGS REPORT TODAY, UNFORTUNATELY IT WAS ON A LOW VOLUME DAY IN THE MARKET AND ALL ATTENTION ON THE MULLER REPORT. WE WILL HAVE A LOOK AT THIS NEXT WEEK AND HOPE IT CAN CROSS ABOVE RESISTANCE FOR A LONG ENTRY WITH PLENTY OF UPSIDE POTENTIAL.
#Bearish H&S on $URI . Better to wait for confirmation & break below the trend. #STOCKS #OPTIONS #FUTURES #DOWJONES #BITCOIN #BONDS #HARMONIC #DIVERGENCE #BULLISH #OIL #DOLLAR #GOLD #SILVER #COPPER #TLT $SPX $SPY $DJIA $DIA $RUT $NDX $ES_F $NQ_F $CL_F #BZ_F #NG_F $SI_F #GC_F #HG_F #6A_F #6B_F #6E_F #6N_F $USD $GBP $EUR $CAD $AUD
Will buy in this zone if price shows signs of bullish reversal.
I'll be watching for the 4 and 8 EMA cross, w/ 8 becoming support for long thesis. Short is obvious. $SPY
Again, something I'll be watching along with $SPY .
Something to keep an eye on. $SPY may be the deciding factor.
A nice symmetrical triangle developing in $URI. Recapping the 200 sma is key.
$URI United Rentals - appears to have broken through a long term down trend line which began back in March when the stock peaked around $190. Not exactly a sexy growth company...but the long term chart looks bullish in my opinion and the company has been fairly consistent delivering solid earnings results (next ER late Oct). Also of note - Bullish $8M+ options...
Do we dear go fishing under all these resistance levels and moving averages? I say YES.
Nice looking large bullish bat, completing with a smaller bullish bat along with bullish divergence.