This daily chart of AMT shows a clean impulsive move higher with the stock currently trading sideways in a wave 4 triangle. Good alternation between waves 2 and 4 supports the bullish outlook. It's also worth noting that wave 3 was a perfect 161.8% Fibonacci extension of wave 1, which is a common ratio for an extended third wave. Initiating a long position at 141...
As long as the market remains bullish I see no reason why support wouldn't hold
30th Jan. Price Action stalled at Key level so looking for short term swing low. Stoch Over Bought on Daily TF. Picked up Feb 09 144 Puts ...
Three bearish days with all oscillators & indicators down. Large sell-off.
15 Dec - Weekly Pullback, RSI Over Sold. Setting up for New Year. On Watch
24 Oct. Decent pullback. ABC -D leg Setup. With room to 78.6 Level. On Watch. 135 / 140 Calls.
higher time frame is showing negative divergence in rsi intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment lower time frame is showing a downtrend breaking below support and retesting on pullback will look to enter on 130.2x area for a move down to...
Would like to see it get sideways, then drop into earnings. Potential targets listed below.
Date First Found - November 15, 2016 Pattern/Why- breakdown of trend line and up channel, Entry Target Criteria- below $103.33 (hit November 15, 2016) Exit Target Criteria- $87.23 Stop Loss Criteria- $108.27 Indicator Notes- big drop in Twiggs Money Flow
Previously posted twice on American Tower, both pointing to short opportunities in the price channel AMT has been in. Well the price behavior is changing and anticipation of earnings may be the catalyst. Note the pops AMT has had at the last 4 earnings reports? Each a long green candle. Also notice that AMT has not visited the bottom of the price channel two...
The channel is acting like a channel and AMT is back to the top of it with no material difference in the RSI or cycle envelope since the last time... Did fail to tag the bottom of the channel bit it has done that before.