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DexCom, Inc.
Long

Short-term technical upward move likely

By p4917
Updated
This is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
  • According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
  • The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday.
  • A clear hammer candle formed yesterday.
Trade closed: stop reached
bullishtradeCandlestick AnalysishammercandleHead and ShouldersheadandshouldersbottomheadandshouldersformationinverseInverse Head and ShoulderslongsetupSeasonalityshorttermbullshorttermtrade
p4917

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