This is shorthand and assumes basic knowledge. Summation: all chart indicators are bullish and confirming of the upcoming catalysts, quant analysis, improving fundamentals and valuation metrics supporting a sustained move higher for the shares.
1. Just had golden cross.
2. First base restest of 50d ema three weeks ago on very light volume was met with solid institutional buying.
3. Recent down days have been on ultra light volume (no conviction/retail and daytrader sales scooped up by pros) and several linked to dippy option expiry.
4. Significant bullish indicators: CMFI, OBV, completed right side of 18 month proper base.
5. Higher highs, higher lows well established.
6. Sitting at top of just completed 4 weeks tight pattern; no breach, let alone on institutional (meaningful) volume.
6. No meaningful resistance above minor at $73.
As discussed at length here, our work is premised on fundamentals, quant and valuation. Technical analysis is relevant tracking of historical developments on those and other extraneous catalysts -- things like DC "leadership" making jackasses out of themselves unexpectedly, the effect of which jumped into the shares at the same time Bill's "restructuring" of the cliffdrop he's suffered and the huge further losses he has coming despite his put(z) trade to reduce his short to only a wasted put premium and 15M share short.
As already visible in the chart, though, those bs shakeout events are already over and their temporary dip in the chart already looks like a blip that really didn't even hurt the trend as shown on a good weekly chart. See a good log chart and study basic indicators: bb (WAY oversold) obv, mfi positive tone, and just the plain old 10w ema. After hitting $62 for a few peanut trades Wednesday, the stock closed Friday above $64, and just below the 10W ema at $64.90. Again, all elements, including more sophisticated stochastics are supportive of the trend and the temporary blip is done.
We expect the stock to RIP back into the once pierced resistance at $73 quickly from here, and the pivot at $75 is again coming right up as pm box shorts come off this coming week and into news of record earnings extended, substantial buybacks done since 6/30/13, and management plans to do a BUNCH more with Uncle Carl's insistence and the enema team thumping on Ackman, who is likely more hedged than he talks about, and thrashing the gumptards clueless enough to still be unhedged short here.
The back audit years are an insignificant part of the story. The SEC is in no action status and have no issue with the registrant's filings even though Bill Ackman has been crying wolf for over a year. KPMG has no accounting or audit disagreements on exit -- their problem was independence on the partner's inappropriate "tipping" with material non-public information.
But, hey, all the unhedged shorts hope you are right so you have that going for you. LOL
d'ya ever hear the one about higher highs, higher lows? Even with all the market pseudo quivering over #$%$ and Bamas bs, the second retest of handle low being put in...
Stock ready to tear higher as HLF and Uncle Carl's enema team stomps Ackman's 3 and 6 cards with a pair of aces (again). Billy should have folded vs pushing in $190m chips and raising on the dog S bet. Wait until Stiritz, Carl and the Buyback cards are played, along with another stellar Q and guidance boost... LOL