Extreme Spike1 1/2 hour go we faced a long spike up. This is unusual at a top of the market. It may indicate a beginning reversal for profit taking sake; especially ahead of the options expiry today and the forthcoming weekend.
Key facts today
42,666.67
0.00 BRL
15.81 B BRL
102.39 B BRL
About Stryker Corporation
Sector
Industry
CEO
Kevin A. Lobo
Website
Headquarters
Portage
Founded
1941
ISIN
BRS1YKBDR002
FIGI
BBG00RD74DW2
Stryker Corp. is a medical technology company, which engages in the provision of products and services that help improve patient and healthcare outcomes. It operates under the MedSurg and Neurotechnology, and Orthopaedics and Spine segments. The MedSurg and Neurotechnology segment includes surgical equipment and navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment, intensive care disposable products, clinical communication, workflow solutions, products for the treatment of acute ischemic and hemorrhagic stroke, traditional brain, and open skull based surgical procedures, orthobiologic, and biosurgery. The Orthopaedics and Spine segment focuses on implants used in hip and knee joint replacements and trauma and extremity surgeries, and cervical, thoracolumbar, and interbody systems used in spinal injury, deformity, and degenerative therapies. The company was founded by Homer H. Stryker in 1941 and is headquartered in Portage, MI.
To FastWe have reached the all-time-high again. If we cannot overcome it then a downward correction is due. This is the more that we have risen very fast since yesterday, a rise that usually takes 2-3 weeks in a "normal" market.
There are reasons for this spike of course, but the rule is that there are al
10/07/2024 - Here is a new SELL breakout chosen by computer scanStop: 371.96
Entry: 345.14 or lower
Target: 317.45
Multiple SupportThe supports here are :
- The January highs before the spike up,
- 3 MAs.
We are still in a valid uptrend. The recent decline may be considered as a correction due.
Timing the market - what's wrong with buying at lower price ?Absolutely no UNLESS you have lots of spare cash or ignorant that you can get it at a lower price. Then again, who's right or wrong will depend on a later time when you look back.
Look at Meta chart ( ) Of course, it could still comes down to close the gap before going up, the question is when .
SYK - BullishSYK is going to come out of its coiled up range soon, and the probabilities are there for it to rise up to 340-345 price range.
Good luck!
Window Still OpenIn a first attempt to overcome the prevailing since October uptrend and to turn it around or achieve a major downward correction at least we have failed in April.
Today some American players used the absence of the most other markets due to Labour Day to try it again. Nevertheless it became a drama
Correction StartedThe rounding weekly top suggests an upcoming major decline due to the outstanding correction for almost half a year. For almost half a year we have not seen any correction so that we can consider the market as heavily overbought.
SYK - Short lookout toward buying continuationWill be looking to enter a short here if we do fail teal controlled selling and see that magenta is in control. I expect price wants to come down to at least purple buying continuation to find support for a continued move upward.
Happy Trading :)
- TraderDaddyOG
SYK testing key resistanceStryker Corp. (SYK) presently trading above key resistance, able to absorb weekly selling pressures.
A weekly settlement above this resistance zone would place (SYK) into a buy signal where gains of 20% would be expected over the following 3 - 5 months.
Inversely, failing to close above this res
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Displays a symbol's price movements over previous years to identify recurring trends.