$BC has been consolidating/trading/bottoming inside a box since Q4'18 Since July'19 has been rallying and forming a series of bullish flags Stock broke out from the second bullish flag last week and rallied nicely In order to participate look for either: 1) correction of the rally towards 51.50 - 52.00 area or 2) breakout from the box AND CLOSE ABOVE 55.52...
$IPHS has formed an inverse H&S pattern on the weekly chart Yesterday stock closed over the neckline standing at 34.76 MACD and RSI both supportive Look to participate if : 1) neckline is retested and HOLDS or/and 2) stock takes out the 35.78 YtD high Measured target is around 45.67
$CMCSA is trying to breakout from a falling wedge on the daily chart Price has found support at the 23.6% retracement of the DEC'18 - SEP'19 rally Not very important, but notice the lower volume trend as the price goes down Yesterday the breakout was negated, surely they will try again today with the broad market stronger Estimated targets are 45.30 previous year...
$RETA has been trading inside the ascending triangle for a year more or less on the weekly chart Breaking out today with support on MACD crossing up and RSI moving upwards Look for a WEEKLY close above the resistance line at 99.50 in order to participate Measured target is around 151.50
European shipper breaking out from a 3 year range/box/base trading on more than 2X Vol Avg Plenty of room still on both RSI and MACD Ideally we get a pull back and retest of the breakout area 9.50-10.00 and then resume upwards Calculated target of the move is 12.35
Very nice inverse H&S shaping up on the weekly chart, trying to breakout after couple attempts in the past month MACD and RSI both very supportive (MACD histogram in positive territory / RSI above 40) Check out the accumulation volume in the past 2 months or so (after the capitulation selloff down to around 9.00ish , buyers stepped in and more than absorbed the...