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Diamond

Big Diamond Pattern Atop Carnival Cruise CorpBig Diamond Pattern Atop Carnival Cruise Corp When forecasting you have to take a lot of information into consideration, you have to also find the needed information to make a forecast. What we know in the short term, Carnival Corp CCL, average analyst stock price estimates post Q2 earnings - June 28 - was $60.50 and high estimate for 2016 of $80. Brexit aftermath has slowed stock momentum and was in an industry that was hardest hit other than global banks. If Carnival does infact beat estimates, which it has solidly for nearly two years straight, we could be in a big surprise to the upside. Long term, estimates for all corporate earnings are extremely overpriced. 2017 is expected to price nearly a 20% rise in earnings for the S&P 500. With the Federal Reserve and rating agencies ready to revise these numbers early next year, along with analyst revisions, this could be a disaster for US stocks in 2017. Diamond Pattern We can't always assume which direction the diamond pattern will follow, but we do know that massive volatility will shoot out of the pattern once a diamond pattern is completed. Studies have shown Diamond Patterns are the best patterns to forecast future volatility. Diamond Patterns shape have also proven to slightly improve long term forecast, but not always short term forecast. Short term direction after the patterns has completed, may not always be the ultimate direction the pattern wants to go. Often Diamonds shoot out fast head fakes in the short term, while the direction of the diamond has been pointing to a direction opposite of the head fake. So traders need to take into consideration short term vs long term, when studying the diamonds direction (red arrows on chart point to downward momentum).
NYSE:CCLLong
by QuantitativeExhaustion
#DO potential bullish breakout set upDiamond Offshore Drilling broke down the 24 USD level in July and since then the stock has tried to break through this level on the upside for 5 times. However the level proved to be strong resistance. Now the stock is testing this level for the 6th time and there seems to be more strength to the upside. Current risky setup where the stock bounced off the 50 daily moving average provides a R/R = 4. For now it might be early to enter this trade. For a safer entry, wait until the stock closes above the 25 USD level which is the level where previous breakouts failed...
DLong
by Hof17
Noah Holdings -- Diamond Bottom -- 6 to 20 week BreakoutNOAH forms “Diamond Bottom” pattern Description Bottom Triangles and Bottom Wedges make up a group of patterns which have the same general shape as Symmetrical Triangles, Wedges, Ascending Triangles and Descending Triangles. The difference is that these particular formations are reversal and not continuation patterns. These patterns have two converging trendlines. The pattern will display two highs touching the upper trendline and two lows touching the lower trendline. Contrary to Triangle formations, Wedges are characterized by their boundary trendlines both moving in the same direction. Volume is an important factor to consider. Typically, volume follows a reliable pattern: volume should diminish as the price swings back and forth between an increasingly narrow range of highs and lows. However, when the breakout occurs, there should be a noticeable increase in volume. If this volume picture is not clear, investors should be cautious about decisions based on the particular Triangle or Wedge pattern. This pattern is confirmed when the price breaks upward out of the Bottom Triangle or Bottom Wedge formation to close above the upper trendline. Important Characteristics Following are important characteristics for this pattern. Occurrence of a Breakout Technical analysts pay close attention to how long the pattern takes to develop to its apex. The general rule is that prices should break out - clearly penetrate the upper trendline - somewhere between three-quarters and two-thirds of the horizontal width of the formation. The break out, in other words, should occur well before the pattern reaches the apex of the Triangle or Wedge. The closer the breakout occurs to the apex the less reliable the formation. Duration of the Triangle or Wedge This pattern is a relatively short-term. While long-term Bottom Triangles and Bottom Wedges do form, the most reliable patterns take between one and three months to form. Volume Investors should see volume decreasing as the pattern progresses toward the apex of the triangular or wedge shaped pattern. At breakout, however, there should be a noticeable increase in volume. Optionable Stock The stock's price has broken upward to confirm a classic chart pattern, offering a target price for the intermediate-term in the range of 31.25 to 32.50. Earnings Per Share (EPS) was up 16% compared to the same quarter in the prior year, and has grown an average of 21% annually over the past 5 years. This tells us the company increased earnings and/or decreased the number of shares. Return on Equity (ROE) is 26% for the latest twelve months. This reflects how efficient the company has been at turning a profit on the money shareholders have invested. With a market cap of 1.47B, this is considered a small cap stock which offers the potential for above average returns, though in exchange for greater risk and volatility. Support found at: $24.20 Resistance found at: $25.18
NYSE:NOAHLong
by QuantitativeExhaustion
EurUsd: Blueprints 6.There is a Diamond Top on the EurUsd, which is a very bearish figure. The Parity has succeeded to break it out, as it was unable to breakout the 1.09418 resistance level, which would have allowed it to seek 1.10686, its rejection level. The pattern shows a bearish market, with 1.05598 as an objective, and 1.06972 as a primary objective. The daily Pivot Point is around 1.08821. The daily support levels are around 1.08180 and 1.07172. The daily resistance levels are around 1.09829 and 1.10470. SL: 109429 PL: 1.05606 The FXE, which has always given accurate hints about the EURUSD's trend, is also showing strong bearish signs as a H&S can be noticed on the Chart.
by ACTIV8X
AUDJPY - Long term short opportunity- We got a clean break of a top diamond in the Stochastic and now the pullback seems to be ended - There is confluence with the price being unable to reach the 2007 tops (diamond top there again) - On a lower TF, the break and the pullback is a Ascending Wedge break (see my 1D idea) with once again a diamond top - The RSI support already got tested 4 times, last bounced being that weak Ascending Wedge, i expect a break now - I'm confident about China being in a crisis, the gouvernment got forced to forbid sells to alt a stock exchange crash. And AUD is way more "China correlated" than JPY. Such diamond tops, much shorts, wow.
Short
by scommesylvain
DO - Solid Company, Management, Dividend, Future, Ext...Guaranteed it's easier to pull offline land drilling oil rigs then it is multi - million dollar offshore oil rigs. This resource was endorsed today by the president, mentioning that oil, will still be a valuable part in our economy. The offshore platforms can also be converted & be utilized for offshore wind projects for renewable energy. I lost count of how many teams already are proposing floating wind turbines. Other then for upgrades & repairs, there is no reason there will be rigs floating in the water doing absolutely nothing. Yes efficiencies can be gained in different areas, but the hunt for energy whether it be oil, renewable will still be in demand and always be required. Offshore projects can dominate Land based operations and this company is positioned well for the future with its assets. This is a good entry point to put some cash to work here.
DLong
by OlegMDev