Double the fun. DAL been forming a rising wedge for a few years now and recently a sym triangle. Can definitely be a good move if we can stay below the 200sma.
Good looking triangle, last feb gapped out of it and closed back inside the next day. With market help, could make another good breakout being above the 200sma.
I believe its Way oversold at this point, dont know how a giant company like GE can fall for so long without having some kind of bounce so if theres a break out of this wedge i would expect it to be a good long for a ride back up to 15 at least, the 50 will also be some R to break through.
Very nice triangle on the 15min chart, had a retest earlier this morning and bounced off the top trendline. If market can hold these levels or keep moving higher should be a good break out.
Shorter time frame than usual, NFLX has been forming a very nice rising wedge and recently touched the bottom trendline. It is following the market closely, so if the market starts to drop I would expect NFLX to do so even stronger.
Nice setup here, trendline has been right along the daily 200 for a while. If the market can hold and not drag it down, could be a good long back to the top R trendline.
Fairly strong S line back to dec 2016, I adjusted it so its the 'worst case' trend line but price has interacted around it multiple times. WIth AXP also making a bearish formation, it could make it drop easily with the market.
Multi month long triangle starting to show signs of a breakdown. Slightly above average volume the past several trading days and with the help of the market could be a good short here, but might run into some problems as last it test <97 it failed to move lower and came back. If it can break 96 though, it looks clear to 90.
