Undervalued after the merge, long consolidation reaching an end, support ~ 17
T1 T2 Short term T3 T4 Long term
If we have another rejection @200d ema it will lead to 50 weekly retest and potential harmonics at play
visa symmetrical triangle breakout target @138-140 up to next earnings.
Bluelinx, target 48-54 bullflag macd about to crossover, adx, mfi, rsi bullish
As predicted we got rebound @47.4 ~.61 fib. Short term outlook is harmonic Gartley. Black arrows. The rise from 47 was somewhat low volume which indicates potential short term reversal taking into account the very probable Syria scenario for Saturday. I expect a short term reversal @the top blue line channel between 54-57. If this happens we get the harmonic...
200 MA is being tested. if it fails @100-95 then .61 fib support @81 should be watched for potential rebound. Signals are bearish in the short term as with most tech adrs at the moment.
previous targets 63.5 were reached, the bullflag stopping @ 1.61 fibonacci. Now most probable fall is same as before @47.5 coinciding with the 50 &100 ema. But we could have a ping pong in trend range( blue lines) or inside the support/resistance 38-61 fib. If this support fails then 43.6 is the lowest level to watch for reversal. The longer trend excluding a...
resistances | A butterfly/cypher, 4h 100ema, fib. 61
58-64 depending on earnings , bullflag, macd , mfi , rsi , adx bullish
Confluence of the upper channel (log trend line is the dashed red line) with ABCD target @ 10350-10600
potential moves and corresponding targets in case of log resistance rejection
SHORT. Head and shoulders - bearish adx macd rsi. first resistance @200MA second target full HS pattern at @25
my 2 cents no volume whale play
Both can materialize The complex target is @ mid channel and looks more probable in my opinion at the current levels of "excitement" We will see soon enough if it falls and bounces back for the inverse HS to take place.