Will the pattern confirm and bring back OBSV in the 12$ range?
Over the past 7 years, EURUSD exhibited 4 major Up-Down mouvements. It is currently in the Down phase of the 4th event. The major trend seems to be a funneling, i.e. lower Highs and higher Lows. But a trend can also be seen in the rate of change of the mouvement amplitude, i.e. the distance between High and Low is decreasing with time. If one extrapolates this...
Looks like TRMR is attempting to break the downward trend of the last 4 months. Stochastic Oscillator could be showing signs of Bullish Divergence. Timing right before Earning could be optimistic. Let's see what happens if TRMR goes above 2.42 resistance....
CRTO has been trending up in the past 14 days, after the last big sell out (due to uncomfirmed Publicis acquisition). The timing is interesting, as earning call is up next week Tuesday. Is another beat on EPS/Revenue expected?? Recall that Criteo has beaten EPS expectation in the past 4 quarters.
For the first time in over 3 months, TRMR is seen in Bull-ish territory: Stochastics(14,3,close) has closed above 50% and price closed above 20-day MA for the first time since July 3rd 2014. Have the winds finally changed directions on TRMR, after a year of selling? 1-Year PT still around $6 from analysts coverage...
Does that correspond to a repeat of the Bearish Divergence that occurred begining of October ?? Let's see what happens if 1.262 support breaks ...
Oscillator showing more and more Bullishness + Stock raising in a stair-case fashion. One can argue the recent unconfirmed rumors about a possible acquisition might have distorted indicators, but it looks to me that the trends are real. Predicting around 42-44 by end of 2014. Earning expecting to be good which can't hurt this prediction. Prediction breaks down if ...