If you know anything about reversal patterns, chances are you have learned about the double-bottom pattern AKA 'Big W'. (We go back, slangin' and bangin') If you consider what is happening currently in the SPY you would notice that very pattern taking place. So... according to the "experts"... after the double-bottom completes its formation, the price should pull...
I am looking at Moderna OVER AND OVER again. Frankly, because my buddy raked in some fat profits early on and now there is a nice triangle forming with a potential upside (which fits my strategy perfectly).
I do not like how Moderna is so susceptible right now. I think the stock and be greatly impacted by both good or bad news. So my question is, what bad news...
Still too early to tell, at least for me right now. AMD is in a strong consolidation right now. Hoping it breaks out on the up side. 5 years of solid growth - up 2000%. No distubrances and this ride will continue as if bat for dinner never existed. :) Watching closely.
Check it.
Price broke out of a nice triangle. Now the price is starting to trend nicely (hopefully not on the downside)
Alligator is awake and feeding. The trend is there. Not oversold and MACD is showing great signs too. I would like to close out around 40$ but we will watch closely to see what happens. 1hr is showing a slight downturn if the price breaks out...
Alligator is smiling and happy indicating a strong trend upward. Don't mind the white arrow, that was my entry point once price broke out of my triangle. I am liking the doji at the end. Would love to see price jump to 60 but I think I will be taking profit at 55 - unless of course I am stopped out. Sike! Peddal fast, Peddal hard. Pee TON !!
I hear a lot of speculation that gyms will never be the same. Plus 24hr is closing many gyms. A lot of home gyms will not be reopening. But it is summer, will these expensive indoor bikes continue to sell? I am tempted to jump in right now. Any thoughts?
Looks like a great breakout so far. Slight pull back but seems price formed new support. RSI seems a bit overbought but MACD is looking promising. Low volume is a concern too. Any thoughts? I want out at 20$.
The white arrow indicates my entry point. Looking back, it was probably a poor entry and I may have gotten lucky. Should have waited until price touched support.
Although this is the first chart I have published, I do think I am picking it up easily. I can't decide whether ELY is in a channel or just broke out of a flag. What are your thoughts? What tools do you use to confirm a breakout?
