A few weeks ago it failed to pass it's resistance and was consolidating between that a new found support. Recently it broke that daily support and retested to continue downwards. I have an upward trendline that it looks to be drawing back towards. Love to hear your opinion of the trade!
Another stock which has a lot of room to go up for rest of 2018. Looks like at least $15 bullish move has already started last couple of weeks. This would be great write covered call options and owning stock or bullish put call credit spread. The chart tells you the whole story, then find best entry and trade.
Investing is not the hard part, your mind is the hard part!! Unnecessary tricks on charts can leave you account busted, higher or longer trading is better.
VTR seems forming a sharp downward neck H&S formation. It has strong moneyflow divergence. We think it has very good downward potential if it breaks 64.17 area. * Trade Criteria * Date First Found- November 15, 2017 Pattern/Why- H&S formation Entry Target Criteria- Break of $64.17 Exit Target Criteria- $60.57 Stop Loss Criteria- $65.77 Please check back...
Narrow range bars with sideway movements Strong close w/ strong volume.
On the intraday yesterday, price attempted to break back into the uptrend channel bottom but well rejected. If that is the case, then the downtrend channel will definitely hold. Anticipate price to linger or re-test 65-66 again before it plunge. That is the moment to short using a lower time frame. Unfortunately, i am not a subscribed paid user, hence i cant post...