and pass over them.....
needs to break through certain levels.... seen...to really go north... in BULLISH way... or will go down again...
LULU just normal regrouping....if fall belo 217 to regroup.... it will go down to 204 range to test.... as it is way above100 MA averages..... IMO
changing direction in the channel...
YETI - trend is friend. New channels forming... (and following along). Cross forming in candlesticks charting--- as seen near end of day. reverse soon is possible but lets see... how it plays out coming up....
YETI HOLDINGS INC (NYSE:YETI) See the MA5 MA12 and MA100 . charts lines. Good to see it is still holding strong... for Bullish trend for now!... but it is going through . consolidating period... but the Golden Cross was reached -- Nov 26 as a bulish move....12 MA crossing over 100 MA. if that continues to hold.... IMO lets see.
Interesting run over the past few months for ELY . (Callaway)----- The Zacks Consensus Estimate for the company’s current-year earnings has risen 4.7% over the past 60 days. Shares of this Zacks Rank #2 company have gained 34.2% year to date. Lets see it continue!!! Channel pattern starting to get further defined. if it can get significanly over 21.50 things...
Over the past weeks / months a pattern is seen ---- These triangles more often mark a continuation of the current trend, with positive news and sales results. But reversals can occur. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout occurs over time here. This is...
LULU - interesting point NOW ---- to go up or down - Lulu Lemon has provided a very strong run and showing no signs of stopping ---- But I wont hold my breath forever - as it may need to come down a bit to regroup and then rise again. They point in the chart may tell more if it breaks again upward across the LINE upward..... predictable channel so far.
YETI - Terrific moves... New change: From Neutral to BUY rating from Goldman Sachs. Positive news had the stock GAP up and later in the day close the gap. Still moving well between the charts. There may be pullback as it is reaching top of a daily channel...but still room to go up on a larger scale channel. WEEK range upward. All stocks do not go up in a straight...
YETI A fair bit of HARD fall action as of late - with sideways correction movements ..from TRUMPS CHINA news.... but it still follows in between certain pattern flows. Seen up close here on the 15 minute charts and larger 1 DAY Charts. A bit of regrouping is always bound to happen. BUY and SELL and BUY back in--- as needed. It may stall moving upwards...
From my charting ---- With the XMAS holidays and overall shopping season -- Apple products are flying off the shelves... (SNIPPET OF ARTICLE: ..... "We estimate that Apple is on pace to sell over 65 million AirPods units in 2019 and is now on a trajectory to potentially reach 85 million to 90 million units in 2020," Ives said. --- Daniel Ives is a WALL STREET...
Elliot wave WEEK CHARTING visible....!!! 5 up 3 down. It is a pattern that is seen for the past weeks ---- Interesting if it will play out! ----- It may follow it (on a WEEKLY basis chart, not daily up and down).
LULU still inline with a WEEKLY channel pattern (on a BIG SCALE) ------ when looked over the past years. Still positive it can ride the upward channel or soon bounce to the lower side of the Channel visible....as a pull back. RSI riding overbought for the past week. LULU is 10% above the 10MA - Moving Average. Seems quite high on the weekly charts now. But this...
THERE IS A SHOULDER LINE TO CROSS UP OVER SEE HERE !!!! may happen very soon --- if it does it will stay bullish I believe for a decent ride. My thoughts on it...anyway. It has been riding a channel for the past few trades this week. UPWARD. There is a fair bit of upside potential here on a larger DAILY chart.
Gotta love the patterns it gives you. You don't have to force it. NEVER force a trendline. It will appear right in FRONT for you if you let it happen, and be patient.
Note that it broke above the original DOWNWARD line path --- but came back down into the NEW channel. TREND is Friend. If you know what to watch for...:)
watch for a bit of pullback...but will continue to rise overall as a NEW trend started. BULLISH