SLTBTC SmartlandsPotential Rounding Bottom Pattern.
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Roundingbottom
Miners rounding bottom?The gold miners' ETF is testing its downward trend line again today, and may be in the process of making a rounding bottom. Buy low in the crescent or watch for a bullish trend line break. Gold has been showing some strength due to Fed policies and dollar weakness. It could break out upward on news of either significant market weakness or a breakdown in the US dollar.
Dycom Triple Bullish Convergence/Earning inc!Good evening ladies and gents, this is a risky position to take as earnings are coming in 5 days. Despite earnings which I am personally not taking a position in this because of that reason alone, we are showing triple MacD Bullish Convergence as well as Triple RSI Bullish Convergence on the daily time scale. This asset has an overall good up trend, but bear markets can be gruesome for this asset which is exactly what we saw. You are showing a rounding bottom as well.
Entry targets and Exit Targets are depicted. Exit targets are anywhere in the pink range.
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CenturyLink Rounding Bottom/Golden Cross IncCenturyLink has turned teal on the Gaussian Channel and is showing a rounding bottom in price action. Hidden bullish divergence is playing out right now, but I'd like to point out a looming golden cross possibly coming to this asset. I think it is highly likely we'll see further price action to the upside to the common retraces at the least. But with a golden cross, maybe more is to come ;)
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$TNK Looks To Have Bottomed$TNK has been in a bear market for a long time. The stock was $14 back in 2011 before dropping to under $1 this year.
We believe the worst is over as the stock has a rounding bottom and looks set to continue climbing.
Next major resistance level is the 200-day MA of $1.98.
Oil shipping rates have climbed, making $TNK an attractive risk/reward play.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.
As always, trade with caution and use protective stops.
Good luck to all!
LHI - Bullish Momentum Remains IntactLHI - Bullish momentum remains intact after the stock staged bullish breakout from rounding bottom formation, as latest candle is formed above upper BB, both RSI & MACD continue their northward trajectory. Support level is observable at 0.865, the closest resistance can be expected at 0.925
$TLRD Has A Nice Rounding Bottom$TLRD is looking attractive with The Big Short's Michael Burry taking an activist position in the stake.
Judging from the chart, the lows look to be in.
Here are some key financial stats:
$TLRD trading at just 3.59x earnings and 0.08x sales.
Enterprise Value/EBITDA of 7.16x.
Tailored Brands, Inc. operates as a specialty apparel retailer the United States and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men. It also provides women's career and casual apparel, sportswear, and accessories; children's apparel; and alteration services. As of February 2, 2019, this segment operated 1,464 stores under the Men’s Wearhouse, Men’s Wearhouse and Tux, Jos. A. Bank, Moores, Joseph Abboud, and K&G brands. The Corporate Apparel segment provides corporate apparel uniforms and work wear to workforces under the Dimensions, Alexandra, Yaffy, and Twin Hill brands through various channels, including managed corporate accounts and catalogs, as well as through dimensions.co.uk, alexandra.co.uk, and twinhill.com Internet sites. This segment serves companies and organizations in the airline, retail grocery, retail, banking, quick service restaurant, car rental, distribution, travel and leisure, postal, security, healthcare, and public sectors. The company was formerly known as The Men’s Wearhouse, Inc. and changed its name to Tailored Brands, Inc. in February 2016. Tailored Brands, Inc. was founded in 1973 and is based in Houston, Texas.
As always, trade with caution and use protective stops.
Good luck to all!
XAUUSD Gold is Rounding BottomOption 1.
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action.
However, it can also form Cup and Handle which is also a Bullish pattern.
Option 2.
A cup and handle price pattern on bar charts is a technical indicator that resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume and may be as short as seven weeks or as long as 65 weeks.
Whatever it will become, I'm expecting growth in the following months.
Remember to drop a like if you find this idea interesting.
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$JSEBAW Barloworld forming a bootiful rounding bottomBarloworld has not much done in the last year - but it has formed a bullish rounding bottom in the process. The chart has worked off some overbought conditions on the daily chart and has now approached both its uptrend and 50 day ma, which has provided support on numerous occasions on pullbacks. A daily close above the baseline of this pattern at R137.00, should see a technical target of R163.00 come into play. Perhaps not a bad place to enter here for a good risk reward ratio in anticipation of the eventual breakout. Stop loss close below R120.00 which would invalidate the rounding bottom pattern.
BTC breakout explained -- TA perfectionNot only did the rounding bottom play out, there was also an ongoing ascending triangle with the prime breakout point on or around the day of April 01, indicated by the end of the yellow line, as this was the 61% point along the length of the triangle. Not only was the breakout perfectly timed, it also immediately reached the interpolated price target of $5027.
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BTC Rounding BottomPer the last update, the ascending triangle is still mostly intact and maintaining the higher low. The immediate pattern resembles more of an ascending channel. I'm seeing this unorthodox rounding bottom, anyone else agree? Additionally we formed a new symmetrical triangle with an apex arriving at ~6 April. If the rounding bottom is correct, the interpolated price target is projected to be ~$5027.