Bull Case for PECK Looking at the highlighted green lines we can identify a strong up trend in PECK causing growth for the stock, as well as a retracement in the last few weeks which is a clear bull flag pattern. There is also a falling wedge after the strong uptrend which lead to the reversal that we saw causing the new price to break past the previous high of 10.50. There was a double top pattern but the price today has broken the previous high, and moving past the resistance level is a good indicator for this stock. Furthermore, we can identify a cup forming which means that if the price fluctuates and a handle pattern forms investors could average down their price at a discount while it rebounds soon. All in all the reversal from the falling wedge, strong uptrend with retracement, breaking the double top barrier and the possibility of a handle forming are all positive indicators for this stock. BUY!
PECK
CPAH Shooting up!Wow, right at the start of this year CPAH went through the roof, and it looks like it's building up towards that again! This is some really great news for those Bullish traders out there, it could be really beneficial to keep watch on this stock. Here's hoping for the best!
ACB 50/50 Bull Flag Trading Range - Breakout ModeACB is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may soon buy and contribute to a rally. However there is no valid but setup yet this week. The Bears want a test of the 7 low, and to fill the bull breakout gap. If this gap is filled, it will decrease the bull strength and prices will likely remain range bound for the next 20-40 bars. If instead the bulls keep the breakout gap open and form a higher low in the coming weeks, it will increase the probability of a test of the all time high and possibly bull trend continuation. But since prices are in a trading range, there will probably be some profit taking and short selling at a new all time high, unless the bull rally and breakout is exceptional.
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