Based on previous upswing within a price channel. JD may reach 126.84 by Dec. 14 2020 if: -it breaks back into the price channel -closes above the bottom channel and stays within the channel *may hug bottom of the channel before moving up **if doesn't break into the channel, then may range sideways before moving up (if this happens the channel & potential...
Highly likely to break up within next 5 sessions --> before or after earnings? Or will election have larger impact?
Monthly, weekly, and daily charts all point north.
An interpretation of the underlying actions of market participants & what these actions signal.
Looking for a strong breakout of 22.15 resistance today to signal continued upside.
If breakdown, re-entry at channel bottom.
Potentially one more attempt to test the pennant top before a likely upswing.
Initial accumulation analysis using 1hr chart was usefull for a short-term play, but incorrectly anticipated end of accumulation. Updated version on daily presented here. Original analysis linked below.
Entry/add opportunity?
Interesting comparison (original source: youtu.be). Should we expect S&P 500 to continue rally? (I think yes.)
Support/resistance lines identified
Heikin Ashi makes patterns and price action easier to detect. Although these patterns also can be seen on candlestick and bar charts, they are harder to spot. The twin patterns hint at how price is likely to move the next week and a half up to earnings.
Currently consolidating then recovery begins #SHAQ
When AHs trading is higher than the regular session, price typically closes below AH's close --> showing strength
Likely for upswing after break of resistance @54.38
Watching price action to confirm support/resistance and entry area long-term PT: 6.81 PnF horizontal count short/mid-term PT: 2.70 PnF vertical count
Potential entry area for NOK ahead of earnings.