KEY is at the top of its most reliable trading channel, on lower overall volume, and well above its 50 EMA and 200 EMA. It's been essentially trendless for the last 13 trading days. Given these indicators, I think it will go down. I have no idea how much or when. This is NOT trading advice. I'm brand new to this. I'm recording ideas for myself. Please do...
Looks like the easy money maker - the cup and handle for QRTEA.
This is my first short analysis. CS is in a downtrend on increased volume on the Month, Week, and Daily View. The next support level is around $12. If it breaks through that, the next support is around $11, which matches the bottom trend line and timing for next week. Feedback appreciated. Still learning.
If the handle finishes forming, the target price will be about $28.
Why is this the only shape I ever see reliably? Second opinions? Still learning to trust me.
It looks like 50-day EMA and 200-day EMA consolidate before the next move up. It might be a good time to short, or just put it on your watch list before the next break-out.