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Morning Star

Davita - now a BULL trend Technicals analysis WEEKLY Davita broke a downtrend channel, and is now in a consolidation above the 200SMA. (Bull) 50SMA is now crossing above the 200SMA. (Bull) OBV and RSI show divergence, as they have moved in oposite directions since early August. (Short). However... on a daily chart , we see a decent uptrend since early June. Headlines / Fundamental On July 10th: President Donald Trump on Wednesday signed an executive order reimbursing for kidney transplants and reducing the reliance on the costly treatments at dialysis clinics. Analyst fair value target price is $79. Meaning 38% undervalued .
NYSE:DVALong
by dorfmanmaster
USD/JPY Buy after a Morning Star. Long-term!The morning star pattern is considered as a bullish reversal pattern, it often occurs at the bottom of a downtrend and it consists of three candlesticks: -The first candlestick is bearish which indicates that sellers are still in charge of the market. -The second candle is a small one which represents that sellers are in control, but they don’t push the market much lower and this candle can be bullish or bearish. -The third candle is a bullish candlestick that gapped up on the open and closed above the midpoint of the body of the first day, this candlestick holds a significant trend reversal signal.
Long
by alejjuuu
AUDCAD WEEKLY, Long After a morning star pattern.The morning star pattern is considered as a bullish reversal pattern, it often occurs at the bottom of a downtrend and it consists of three candlesticks: -The first candlestick is bearish which indicates that sellers are still in charge of the market. -The second candle is a small one which represents that sellers are in control, but they don’t push the market much lower and this candle can be bullish or bearish. -The third candle is a bullish candlestick that gapped up on the open and closed above the midpoint of the body of the first day, this candlestick holds a significant trend reversal signal.
Long
by alejjuuu
AUDJPY LONG WEEKLYAUDJPY goes long after a morning star pattern. The morning star pattern is considered as a bullish reversal pattern, it often occurs at the bottom of a downtrend and it consists of three candlesticks: -The first candlestick is bearish which indicates that sellers are still in charge of the market. -The second candle is a small one which represents that sellers are in control, but they don’t push the market much lower and this candle can be bullish or bearish. -The third candle is a bullish candlestick that gapped up on the open and closed above the midpoint of the body of the first day, this candlestick holds a significant trend reversal signal.
Long
by alejjuuu
AEO Long - Oversold and now has some momentumThis trade does have down potential as any trade does. AEO has just gotten past the horrible 4th quarter sales from last year, and consumer buying power has risen. I think the stock has over sold, and if you look at June 11th, that looks closely like a modified morning star (bullish). Now- the sad truth is that the very next day the stock went back down on June 12th, and this makes not a true morning star. On June 13 +14 stock prices rose up beyond the opening price of the 12th and I jumped in. Looking at a target between $18.50 and $20.00 as solid gains. Yes, that is a large area, but if you notice at around $19.75 is where the shake out really happens, making that a great short gains target and over $2 of profit. Stop /Loss has been placed at $16.59, the low of the price on June 12th to reduce any horrible loss, and roughly a $1 loss. Let me know what you think. I am not a financial advisor, I just like to share my thoughts and trades with the community.
NYSE:AEOLong
by jeffyanzo
forexTrdr GBPUSD - MORNING STAR & BULLISH HARAMI AHEAD OF GDP Morning traders, We have a British pound versus US dollar trade setup ahead of UK GDP at 9:30 (BST) where consensus is pointing to 1.8%. Should we see a beat then we would be looking for British pound to trade to mid 1.31 area before pulling back lower within the descending channel we have highlighted in our trading view chart. The GDP data lines up with positive signals on the technical front with the pair trading around support levels at 1.30. On the candle pattern front we have had a bullish harami and morning star pattern forming in the past couple of days pointing to a bullish move higher. Additionally we have added stochastic to the chart showing that we are turning up from oversold status. The caveat to this trade is should there be a very poor GDP number then its best to close out the trade early, we however are hopeful for a beat in line with what we have consistently seen with the UK data coming in higher than economists predict. Comments and feedback are always appreciated from anyone in the trading community Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Long
by forexTrdr