6954 - 5 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
6954 trade ideas
FANUC Robotic Manufacturing Assistance JPN future growth FANUF FANUC FANUC CORPORATION is a Japan-based manufacturing company mainly engaged in the provision of factory automation (FA) machinery. The Company operates in three business segments. The FA segment is engaged in the development, manufacture and sale of FA products, such as computer numeric control (CNC) systems and laser products. The Robot segment is engaged in the development, manufacture, sale of robotic products. The Robot Machine segment is engaged in the development, manufacture, sale of robodrill, roboshot, robocut and robonano products.
* Earnings reporting this week
* Pays 2.9% dividend yield
* Down to 170 from 270 (786fibretracement), full fibretracement 127.50 not likely, and great buy if it does. Steep decline over smart phone order drop off of late also from US-CH trade war.
* High growth market for future bull stock buys
* Biggest growth is in manufacturing for automotive (TSLA, F, EV, etc.) Japanese machine tools typically run 18m cycles, which the stock price was around 168 the beginning of 2017.
Other robotics companies to watch, some medical:
IRBT TER OTC:YASKY NASDAQ:HOLI NASDAQ:BRKS OTC:KYCCF NYSE:ROK NASDAQ:BOTZ OTC:HTHIF OTC:MZRTF NASDAQ:ISRG
$FANUY 5 Month #HeadandShoulders #Continuation #ChartPatternOTC:FANUY is forming 5 month possible head and shoulder continuation chart pattern. The $20 chart pattern neck line has been tested numerus times through out the years going back all the way to mid 2018 (zoon out to the weekly chart for the bigger picture).
A daily close above $20 will finally break that wall of resistance that's been acting as a ceiling for the stock and set the stage to a rally towards $24 area (next resistance level).