Bullish Bat with bullish divergence. This pattern is almost perfect.
We have not yet made an impulsive move up in the daily time frame -- however, with indicators diverging the same way they did in 2014 (), I think we are in store for a pretty solid pop upwards
Would like to enter some short positions on URI and watch it go into c of 2, so that we can go for a very nice bullish setup there. So plan is to wait for the little green box at the gann line, and then small short there, and flip to long at the larger green box down below. This trade would likely be a multi month one
There is a good chance for it to turn bearish at MA50.
Sell URI here. Market is hitting Market Profile based resistance right here. Also...stock shows relative underperformance to the SP ( 9 day Beta is 0.42)
OIL play, company related to Heavy Equipment Rental, Stabilized industrial demand will drive steady.
URI has been consolidating in a flat base for a little over a month. It attempted to breakout on 3/1 but that breakout failed. More importantly, however, and what I like most about this base, is that it shook out below the low of the gap up after earnings, found support at the 50dma, and held the pre-gap high (thus not closing the gap). This makes for a...
Pull Back after runaway gap Entry above the trend line ??
URI running within a rising wedge & rolling over to the down side. Moneyflow has strong neg-divergence, and there was a insider selling in September. So we think it will decline from here breaking down the wedge formation. For trade we are looking for $75 December put ( Strath already in) last traded for $3.70 You can check our detailed analysis on URI in the...
Nice uptrend with test of support. Should run to the upper line around $87 or more.
After falling over 50%, we've seen a 50% rally in URI off the low. The struggle to break above the 200 week SMA indicates some resistance in an already overbought situation. Additionally, the indecision signaled by the candlestick charts indicates that we may see some selling pressure in the near term without any major catalyst to spur shares higher. I'm currently...