stockoperatorjm

stockoperatorjm

This is a play that goes contrary to my past problem patterns of missing the exact bottom and failing to buy strength. PANW has a beautiful island bottom with a breakout on high volume. It has broken above its 200 day moving average. In this current manic bull market PANW is in a perfect situation to join in on the fun. It has a catchy name, is in a "hot" sector...

stockoperatorjm

The triangle is one of the most well-known chart patterns in existence. As it relates to Elliott Wave it often precedes a strong final move and gives generally accurate price targets. An interesting part about the current setup in the Russell 2000 is that at the same time as it is forming a potential triangle it is also forming a H&S patterns. To me, this is...

stockoperatorjm Updated 

Bearish Harmonic Shark pattern completing in the same area as a Bearish Harmonic AB=CD on the daily time frame. This is combined with an intraday Bearish Harmonic Crab completing in the same vicinity. Outside of harmonic patterns, I believe that this will mark the completion of minute b of minor 4 in Elliott Wave speak. Looking to short on the next rally to near...

stockoperatorjm Updated 

Phenomenal risk/reward at these levels. Has finally completed an ending diagonal. Commonly in ending diagonals the price overshoots the trendline causing a throw-over due to excessive bearishness or bullishness. Also at long-term support of $5.90. While the price could potentially fall as low as $5.56, which is its lowest level since the stock has publicly traded...

stockoperatorjm

Positives: bearish bat in Valeant on the daily chart near psychological support of $30 long shadowed candlestick near pattern highs Negatives: gapped up over resistance on high volume most likely continuation of trend