There's a lot to love when looking at this chart.
The first thing to notice is the huge triangle we are in, the expansion is only as big as the contraction. So we should see a lot of upside on this breakout.
Now notice how the volume has finally begun to pick up after declining for roughly 2 months of declining volume.
The red candle today still stayed above the 8...
Looking at the bigger picture this stock is on a clear uptrend, looking closer at the uptrend I noticed we reached support ($44), (highlighted in blue circle).
I have highlighted red circle at $50 to show a gap in the chart.
RSI indicators are showing we are near the bottom, a lot of upside to go.
Has the qualities of a low risk high reward setup!
PT:...
Taking a look at the previous breakout the accumulation before the breakout was 81 bars, were currently about to reach this number and I believe the chart is also setting up for it. AMD has been consolidating since December and is looking to breakout. We are reaching valuable price levels as buyers have yet to let it drop below $89. RSI n chart showing bullish...
CHWY has been on an uptrend for quite some time. As seen on friday, CHWY was able to continue rallying upward even when the SPY was down. Buyers are clearly in control with this pick. I believe that we still have room to run up to before we see a pullback, the blue box serves as a selling zone, to one of the strong support lines. We have a price prediction using...
