In 2012 SBUX took a rest from it's bull advance. Looking at this chart you can see how there is some mirroring of this event currently. Could May have been the beginning of a new year+ long run up?
SODA is trading historically very cheap on a P/S basis. Downward trend from high has now changed into a sideways trend. Expect over next few months for price to be above gap at $48.
Tomorrow looks like retest of the 31.10 level could come, if it shows a hold and starts turning could be a good opportunity to look toward that 33-34 range
I am leaning towards long on this current setup. 30 day and 20 day EMA's are both yielding support to this price. With earnings coming on Tuesday afterhours I would not be short for the next couple of days.
Nice setup for tomorrow pushing through next resistance level, watch pricing at open, notice bullish volume pick up at close today as it pushed through resistance formed on the 16th
This stock is like something out of a traders hand-book. Talk about springy price action. I wasnt around today so no opportunity for day-trading this puppy - maybe some of you guys had the pleasure of following fibline today and made some money. I am still waiting on this one to go long with, it is too risky right now with these huge bars. Did you see the...
This and TSLA just couldnt be held down long. If you missed that serious bounce around the 30 day EMA I would suggest waiting a few days to see how this pans out. This stock has serious pricing power right now but Stoch and MACD still pointing bearish. Volume today was just over 1/2 of what it was yesterday.
If you look back at the other major short-term bear cycles for the SPY you see that increases in volume were standard. While we have seen mild increases in volume I don't see anything so far that indicates that we are headed for disaster, let alone a drop below the 200 SMA. 100 day volume averages are still very mild right now which shows that there is fairly...
