Pattern is not being followed now ---- This is one stock that doesn't want to stop rising... but with all stocks what goes up will go down. It is not IF, but when. Which is healthy to regroup. Not a bad thing. We shall see when...
Channel is being followed by the stock... What we are waiting to see if it will continue above the shoulder at approx. 38.00 - 38.08 for further confirmation of a continued uptrend. There may be resistance and stop rising. May need a couple of days to get there to break through that zone. Possibly. ==== So far nice profits.. to take off, as it predicts staying in...
RSI moving over 50 ----- Double Bottom FORMED! Positive potential for reversal - Moving upward. It seems like a trend is forming to LONG. BUT a miss on earnings may STALL things a bit. 1.85 actual instead of the estimate at 2.00
The reversal in action here. Apple continues its path with current sales news and charting patterns. It's slightly above its Moving Averages. May need to show some caution...if it rises too far above 2% of its 10 day MA line. It will bounce off its channel line at the top due to this -- I would think. It has growth from the 6.63% surprise earnings in the 3Q report.
This stock likes to GAP UP. 1-DAY charts Gaps get closed quickly though with every GAP upward. You can see the trend that (varies within 3-15 trading days) the upward GAP gets closed back down to cover it. Then rises back up. It is good to note that the GAP are taken care of in short form. Patterns like to repeat sometimes within a particular stock.
A PATTERN develops and can be seen in the form on a 1 DAY, 1 min, 5 min or 15 min charts as an example. Looking good here on the 15 min charts... for the day. Useful when day trading.
A gap was closed on the YTD chart. Lots of downward pressure coming to a close soon perhaps... and showing the potential to possibly change direction. Positive day so far. Channelling and Parallel lines looking good it appears. Let's see how it progresses and builds...
The truer a line holds on a timeline, the more confident you can feel a stock continuing on that same path, or if it breaks the line below it then a new possible direction may be on the horizon for the mid to short term. Keep things simple. (but..knowledge is power. The more you know or learn about stocks, charting, patterns, indicators, timing and psychology of...