Don't know quite what to make of this. We have a breakout of a high base on good volume with lots of indicators of institutional buying, but it has fallen out of the channels. I would buy this but with very tight stops. The VOP doesn't show a lot of support until the 31.50 area
Using Volume Price Analysis, I have established a sell line or 21 days where the insiders have sold heavily. Watch for the negative media to start ragging on home improvement or HD in particular. Symmetrical Triangle forming. Looking for it to break to the downside.
I've made 98% on this since getting in. The Military is very excited about Additive Manufacturing. This is a technology that is going to change everything about the value chain from piece parts and commodities all the way through sub-and final assembly, logistics and distribution. Think about what it takes to get a simple ignition coil to the local auto parts...
I've been in and out of CGNX several times since August. Looks like another buy opportunity forming. I see a high base with upward pressure. No anomalies noted, could go sideways for a bit. Watch for confirmation.
We can argue the upper trend line. I see two clear touches and a near miss. Never-the-less this has been turning over since July and coiling inside a symmetrical triangle. I see pretty clear indications of market makers (MM) and Insider activity in the price volume dynamics, indicated by flags. I still would have liked to see that 2nd confirmation on the upper...
Distribution starting in June/May resulted in a 14% fall. Accumulation took over from June to July. I have noted the anomalies that indicate, to me, market maker and insider actions. They tried to move it up 4% before testing and found there was still a lot of selling going on. It still rose but didn't have the insider participation everyone needed to keep it...
I've been watching this for several weeks. The flags on this chart indicates anomalies between price action and volume indicating to me Insider buying. I've noted quite a few in past weeks. As it approached resistance I anticipated a pull back especially since it coincided with media reports of AA getting pulled from the Dow 30. It popped over a long established...