NARI USA Stocks Index Nasdaq My Bullish ViewNARI USA Stocks Index Nasdaq My Bullish View. Volatility Contraction Pattern. Harmonic Pattern Bat. Cup and Handle.
NARI trade ideas
$NARI Setting up Before EarningI like how Inari is setting up here one week before it reports earnings. Big gap up last earning report and there is high probability the stock could run up this weak in anticipation of good report. The nice base setup increases the odds this could happen as soon as tomorrow.
Inari Medical Inc (NARI)- DEVELOPS PRODUCTS TO TREAT AND TRANSFORM THE LIVES OF PATIENTS SUFFERING FROM VENOUS DISEASES.
$NARIEntry price : 114.74
Fundamentals :
- Sector: Medical Products
- EPS % Chg (Last Qtr): 1100%
- EPS % Chg (Previous Qtr): -14%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 284%
- Sales % Chg (Previous Qtr): 266%
- 3-Year Sales Growth Rate: 394%
- Annual Pre -Tax Margin: -2.3%
Bull FlagSmall bull flag and could pull back a bit deeper..there is a HRZ at the top and so far the flag is tight..
Broke up from an inverse head and shoulders..
This one is up quite a bit..I should have turned that red line green after price broke the R of the inverse H&S pattern earlier
NV and OBV is high..monthly and weekly candles indicate a possible pull back..
I am in the healthcare field so perhaps biased.
Go with your gut (o:
Not a recommendation
NARI: One of my favorite stocks going into next weekBased on the structure I think we could see a move into 95 - 100+ by the end of the month.
Watch for some near term resistance though, if there's a pull back off 86 I'll view that as a buying opportunity.
Another good shotThis baby is a good looking and easy to spot on kind of stock. But always try to trade carefully. Target is 109 for now, but will see how the pattern forms.
POS in 85.92 as of 12/30/2020
Rectangle Price must break upper trendline which is resistance for the formation and then becomes support after price has crossed it..
This looks to be a rectangle with an inverse head and shoulder inside of it. You can tread it as either or. It is still a free country, last time i checked (o:
Stops are initially often placed at nid rectangle/subtract top from bottom then add to bottom = mid rectangle. I did not calculate mid rectangle (o:
Stops for inverse head and shoulders are placed below right or left shoulder.
Rectangle tops are considered a continuation pattern and usually break the way of the prior trend leading to the rectangle. I usually add 50% then 100% of rectangle width as my target. Rectangles can break to the downside just like a symmetric triangle. A throwback can occur after long entry level is met, then price may be sucked back in to the horizontal channel call a rectangle
Inverse H&S is considered a reversal pattern, so there must be a downtrend in place. This stock did not have a true downtrend before it ended up in a rectangle top, although it did get in a downtrend inside the rectangle.
An Inverse head and shoulders is the mirror image of a head and shoulders top..which is also a reversal pattern after an uptrend and can signal the end of the uptrend, at least temporarily.
Head and shoulder tops (Opposite) do not always go down as much as calculations would suggest in a bull market and many never even reach the neckine before returning to the prior uptrend. The momentum of a bull market is difficult to slow down..but in history, bull markets do finally end.
I do not think we will defy history and if we do enter a bear market, there will be a lot of us who have never been in an extended bear market. I will have to change my way of trading for sure!
We all should have a set of trading rules so we know what we are doing.. If we do not have a set of trading rules, we never really know what we are doing (o:
Not a recommendation
Inari Medical, Inc., a commercial-stage medical device company, focuses on developing products to treat and transform the lives of patients suffering from venous diseases in the United States. It produces ClotTriever for treatment of deep vein thrombosis; and FlowTriever, a thrombectomy system for treatment of pulmonary embolism. The company was formerly known as Inceptus Newco1 Inc. and changed its name to Inari Medical, Inc. in September 2013. Inari Medical, Inc. was founded in 2011 and is headquartered in Irvine, California.
