Trading with the trend for me means this; I drew these channel lines and saw that they basically behaved like bollinger bands.
I took my foot off the pedal July 26 and got confirmation on a market pull back the same day with a reversal candle. Since it's hot and sunny here in Montreal I took a beak from trading and went CASH.
Hanging at the pool is all good but I...
There are always contradictions galore between one analyst and another. Between what the stock is doing and what the Analysts say it will do. That's why we have a saying "trade what you see" AMAT has a Strong buy rating but the same guy who gave it this status just lowered the price target on this stock. He's looking at the downward channel AMAT is in coupled with...
Like many stocks, the more they Gap up the more there is profit taking when the market opens.
LULU is no exception.
If we go all the way back to Dec 2016 earnings LULU was Gapping beyond what a bag holder could resist selling. I suppose this brought the bears in.
But if you look at LULU's latest earnings the Gaps have been below the 10% level and therefore had...
We're going to keep this one simple. It's a pattern active traders see everyday. You can call it what you want. The range is getting tighter and a breakout is imminent. Many already know that. It seemed as though the markets were taking world economics and politics with a grain of salt. I mean really does anybody take the President seriously? Well we do now?...
With a very Strong Earnings rating from a compilation of Analysts watching this stock for a strong 2018. It happens to have an excellent Technical set up as a flat top break out 3 weeks ahead of what is estimated to be an excellent earnings report on Feb 9.
