1. Over 100% move on volume from a big base(48weeks).
2. 5'th Week tightening consolidation on decreasing volume.
3. 8&21EMA caught up the price and holds it while the market(QQQ &SPY) is pulling back.
1. Nice rally on EPS report;
2. RS-line showed strength, meaning that the stock is Relative Strong and started to move before market bottomed.
3. Nice tight bull-flag. Still within bigger base but first constructive price action since basing started a year ago.
1. Strong rally on earnings report + volume increase. +100% Last Qr. EPS
2. Back into IPO price range
3. Price is consolidating constructively while volume is drying up.
Like SPY, QQQ showed supportive price action around 8EMA on Friday's session but looking at chart I see a little different picture. QQQ is relative weak compared to SPY and that is not a sign of Market Power, because usually Nasdaq is leading the bullish trend. The rally ended @ 370$ pivot from 2'nd February and the price tried to retake his 200MA closing the...
SPY found some supply here, after a such strong rally, breaking downtrend and right above all moving averages, . Market needs to digest this move however this pullback looks constructive with Friday session supportive price action around 8EMA. Maybe price will need more time to consolidate here above 448$ area near 200MA zone before continuation or will pump...
