A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look: Positive Indicators: • Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability. • Margin Expansion Potential:...
Weekly chart for REG A large symmetrical triangle is evident Within this triangle a channel can be drawn around an inverted H&S pattern This H&S structure is poised to form its right shoulder, which is a bullish part of the pattern This formation will ultimately lead to the breakout of the larger symmetrical triangle aswell Bullish price action plotted with bars...
REG is currently trying to find support along a man trendline (solid white) An inverse H&S formation has been created along this trend line and the right shoulder is looking to form along this trend line also This right shoulder is a good recovery place and a support
Earlier this year Japara health care (JHC, bottom chart) had a take over bid, pushing the stock to higher prices, outperforming REG. The stock is typically highly correlated, and with the deviation from the mean I'm looking for a return back to the mean. I will be going long REG and potentially taking a short on JHC for a reversion.
REG was running within a long upward channel, followed by a Downward channel. Now seems braking down from a upward channel. The upward channel brake came with a huge surge in volume, Moneyflow also declined very sharp. We think it has good downward potential. * Trade Criteria * Date first found- March 2, 2017 Pattern/Why- Upward channel breakdown Entry...
Linear Reg Ch 200 showing UP (is quite well respected on high TF) 4h, Daily, Weekly Support below! Im long with possible adds coming soon! GL
Start of a long term, high profit trend. Has continued short interest in the face of reg-sho forced buybacks (buy-ins), brokers are forcing people to cover at a loss and now have the stock on not able to borrow lists. At historically low levels with support and high bullish volume. Reward to risk favors the longs, a wise portfolio investment.