lot's of fintwits discussed the H&S top in nasdaq with right shoulder forming H&S bottom. That one seems to be breaking down. That would confirm the whole formation to be a top and a reversal. Today's gonna be interesting day for this formation.
pretty shallow but valid inverted H&S nonetheless. ER last night
will probably face some resistance in the 50-51 area
19feb85C went from ~.80 to 5+ earnings due in 10 calendar days so interesting if it's gonna rally further pre-earnings
options very thin very nice failed breakdown pre-earnings. $90 would've been very nice trade entry
Slack hasn't had single ER after which the price would gap higher. Not a single one! All the price growth has happened in between last two quarter reports, followed by disappointment and gap down at each ER. Revenue growth is "meh" — growing, but linearly. Disclaimer: I hate their product with passion.
if it drops bellow $75, we have reversal. The right shoulder is already in, unless the price moves (and stays) above it, we have reversal. RSI looks ugly
Today (some of the) semis perked up with $TSM being the clear leader. I've been watching $INTC for a while, convinced that it's undervalued, given the fundamentals and waiting the bad news from the last ER to wash out. After giving back very little during the correction, this stock is eager to get back in the game. $AMD and $NVDA look pretty low-energy atm, so...
The breakout from last week has all the looks of failed one. Failed breakouts often lead to sharp moves in the opposite direction. Given the Hindenburg report, expected reversal is not big news. For now the price keeps going further into the apex of the triangle which typically negates the pattern. Anyway, we need to get out of the $30-$37 range in order to...
After touching the long-term downtrend resistance in early June and consolidating for 3 months in fairly tight range, it got onto the resistance line again on Friday. This completed year-long inverted H&S pattern (visible on the weekly chart). Climbing and staying above $37 or falling bellow $29 should bring major move. Let's see what's next.
I've been watching NATGAS for month and held a position too early in the reversal. Now I'd declare it officially in bullish regime. I'd wait pullback to $2 to enter. It could double, but will take looooong time so entry must be good for shorter term position. Note RSI — it behaved very constructively last 7 months during the bottoming process. NATURALGAS2!
Rising wedges are supposed to be bearish, but EEM have pretty bullish look on this chart. The breakout today could be bull trap, but if we stay above the current level (ATH from April'19), the breakout would be confirmed. Looking at the chart there isn't much headroom to grow — the last 52W high is this year January's 46 level. I'm long option call here and...