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Inverse head and shoulders pattern on 30 minute chart with high volume. consolidation between 85.00-86.20. A move with consistent volume can take BABA to 90 quickly. Point of Caution: 1) 8% move happened in one day. Time is needed for consolidation. Profit taking should occur with support from buyers. 2) P/E above 40 on a business that has a market cap of...
After a big volume surge on an earnings beat, UA has flagged for a few weeks. Now, above the 20-day SMA, the bollinger bands are squeezing, and the stock is looking to add 5% to 72.00. Watch for increased volume, an upward momentum indicator, and continued high accumulation and stocastics.
Apple based in the 95-96 range, fell to mid 93's and rebounded to 96. It is flagging and setting up for a 3.00 upside move to 98-99.
1) Bollinger Band Squeeze + breakout 2) Inverse head-and-shoulder pattern (L=29.97, H=16.09, R=30.40; L+(L-H)=44 3) Breakout over declining tops line + retest and uptrend 4) Low volume (volatility on increase in volume) 5) Improved, high accumulation 6) MACD crossover to the upside 7) Overhead resistance currently at 36.00, 39.75, 40.00, 43.50 Credit Suisse - CS...
The daily and weekly charts are showing the stock is set to go into a bollinger band expansion (volatility) mostly to the upside. Looking at the rising momentum, high accumulation in the last several weeks, and the volume spike when the stock reached its low, it could move significantly higher (about 10%) in the upcoming 2-3 weeks. There is some resistance near...
SOCL has set up for a potential short from current 18.87 down toward 16.00. The top of the head is 21.15 and the shoulders are closer to 18.50. The math: neckline - (head - neckline) = target price. 18.50 - (21.15 - 18.50) = 15.85