What looks like a false breakout is turning into what could be an upward channel, Just shows why its better to scale in and out of positions. This way you scale in small and withstand any big swings and add on dips later. Still long and will add later.
Weekly chart I've posted this before but was stopped out and noticed consolidation was going to be much longer than expected. Reminder: ARAY has never had 4 consecutive earnings beats until these last 4 qtrs. Financials look better than ever.
Will be making serious adds to a miniscule position I have
REPOSTING WITH OUT THE VWAP LINE FOR MORE CLARITY. I DO NOW HAVE A POSTION
BULLISH I DONT HAVE A POSTION.... I SOLD AND NOW REGRET IT
No wonder its been explosive lately. I'll have to wait for an entry.
Looking back at previous earnings announcements I don't think $ARAY has ever beat estimates for 3 or more quarters in a row. Currently it has beaten estimates for the past 4 consecutive qtrs. Its up 223% since its March lows and currently try to break a 5 year resistance level. Will be watching this week.
I think $docu has a pretty well defined base now ( weekly chart)
I'm in on this breach. I probably should have waited for the close. But feeling confident. Thats what SLs are for .
Didn't want to draw this one out .... However I will mention the current pandemic scare (#coronavirus ) might prevent this breakout from materializing. #cupandhandle $MITK
I don't think I would be a buyer until we get past $21. I do believe big things could be in store for Weed Stocks this year.
I think we need a clean break and continuation past $43 to confirm
Weekly chart of $ACLS. A strong move to break that resistance around $23.50 should signal a long-term uptrend. Keep on watch in the coming weeks.
Triangle formation as well as cup & handle. Support at the bottom of the cup at $1.38 (52 wk low) RAD has been steadily supported by 20 day SMA as of late November. I am currently Long RAD.
Ascending Triangle forming higher lows...