Great set up identified. A long down trend is ended and the trend is turning upwards after 3 bottom. Detected with the screener DRB Detection Rush Boursier
3150 is an important level that opens up opportunity for 3200+, but being a friday plus the famous quad witching, things could go sideways
QUAD has been in a long-term downtrend until recently. The gap was a Breakaway Gap, which seldom fill. The Shift of Sentiment™ on TC2000 Balance of Power Indicator not only shows High Frequency Traders’ presence, but also Dark Pool Quiet Accumulation.
$SPY $SPX $VIX Everytime the daily gets one if these candlesticks it drops hard, VIX bottomed at 11 and quad witch day is over, what will Monday bring?
This stock has NO resistance whatsoever and it's financials look great. Stop at 23.99 and I will let it ride moving my stop as we move along.
But then I was all... " Maybe.... cost cutting is happening, they're diversifying, and have plenty of credit. Why's the stock plummeting...?" But really, almost 8% in a day?, And what's going to happen if they cut that dividend?