After a selloff earlier in the day, the stock fought back and finished close to where it closed recently. Still, oversold levels remain, and with targets, it could be a swing to fill the gap at 280. Looking long term, it will be at the end of the year.
Fibonacci analysis should see a retrace somewhere in the fib zone box and then continue to move up in the sideway channel it is currently in. Beginning with anything less could signal a shift in direction.
Since July, it has been going up, retracing, and continuing. Indicators are still cooling off a little, but the current trend may continue if it can hold 133-135. This is a crucial area for the current trend.
With everything moving parabolically and upward, there has to be some correction that hasn't happened so far. As the run continues, we may get closer to 150 before its breakdown, but I am not confident at these levels without a retrace of some type.
Look at the stochastic level of the buying area. In the last three sessions, we had a catalyst that performed well for the stock in a time of extreme volatility. The indicators have positioned themselves and now move towards an imminent breakout. We will continue to watch for any sell-off and monitor the price action in the upcoming session/sessions.
I followed the sideway uptrend moving channel only to see it break rather than retrace and correct itself. Following a similar pattern, with room on the stochastic, could lead to a fluctuating price, but with the bullish sentiment, I could see a rise to closing in on the high 100s and reaching new highs closing at 200.
It did form a W pattern. I looked to see if the last session would break through the resistance, but it formed a doji, possibly a reversal candle at the top, in response to the double top and overbought levels. I can't see it going past the 140s and then a correction with all other indicators pointing in this direction.
Bullish sentiment in this stock is based on overbought technicals. It does retrace 3-5% before continuing another 5-7% on the trendline. It has not broken all year and continues strong, with no reversal candle patterns. Based on the trend line, we are expecting a retrace before continuation.
Overbought, needs a reset, some correction, long week with catalyst joining technical for a break in coverage and restart
From the 60 mark, this has been curving all lower moving averages, positioning nicely to start an upward-moving trend. It could fill the gap at 80, plus there is an earnings catalyst upcoming. Stop very close.
This is a perfect set-up for a continuation of the flag pattern. An exceptionally healthy sort-out candle could see 140s before another breakdown.
The market has seen perfect bullish sentiment movement to the upside. It is still following the trend. The DOJI is resistant. Other indicators have room to run. The market is closing in on highs.
A chart reversal could see this drop around 3-5%, if not more, to the 30s zone around the box, whether it is a bounce-off support or a more significant correction.
After a promising start since its IPO, it is now looking for no change unless it continues up and makes a newer high; based on the charts, on D, W, and M, it looks like a sideway upward moving channel, retrace to 35 before possible shift in direction.
These are all overbought signals. There is nothing new in 10k; the catalyst does have a better outlook than some sector competitors. I'm watching the bearish move closely.
With everything oversold, sentiment neutral, indicators one-sided, and a correction, many things that could make this a go down 10-15%
After canceling the event till the end of the year, the catalyst was not looking good. It is going to be bearish for a while, with two potential spots for the long term: the bottom box in the 70 and then the fibs in 80.
Indicators are oversold, with earnings not too far this month. A few analysts have kept buying, maintaining, and holding ratings. No catalyst setting in, the medicare news scared a few, but don't think it results in much more of a more significant decline. The white box is a primary driver, which we should see picking up by another 20% minimally