Its hard to say, there are currently a little more puts to call. In addition, there is a nice slant to the handle that is being formed. Also, volume has been dropping off. The pattern is suggesting that they might take it up to gap fill resistance and form another base there before any news is released. Less is more.
Sometimes it is so obvious it is scandalous! The people who provide equity for PSEC want the stock to go down so they can get a better deal.
I tried to warn the board to keep some powder dry, but everyone got mad. Nothing wrong with this stock. However, longs must endure a little more pain and punishment.
This stock usually goes up before the end of day, its either a snap and crack which is the last move down before a reversal up trend or a continuation down trend on an intraday bear flag. Both cases pending confirmation.
I don't care about the wash rule. I buy and sell stocks regardless. My broker does a good job tracking it, better than they did way before the government started leaning on them. Stock Tax Software are obsolete now.
SID has been jack hammering the floor for 3 days now. The question is will they break it up or down? Typically a stock would bounce at key support, but this one went side ways into an intraday bear flag pattern. They might be gunning for gap fill or perhaps a snap and crack before taking it up. Next trading day should give us a clear picture near the close. Looking for price, volume and direction.
I pulled the plug on this one. It was ready to pop. I think the minor set back took the wind out of it's sail. I'll reload aggressively at gap fill, I think PXD is going to find support at $158.64.
It will be hard to break the support the bulls set up at $175.30. No way, it will bounce that's the bottom of this pull back. The reason is the smart money will front run the business cycle on this pull back.
Stock is gravitating to 175.30 for a good risk to reward day trade. I think I will cover my puts on my straddle there and go long for a day trade.
Hi all, I was doing my due diligence on CYTX and decided to start and accumulate a position with a conviction to buy at key support on any dips. The reason why I think this stock has potential is because of the recent partnership agreement to market their product in Asia. The confidence of it's partner to sign a deal in anticipation of China's approval is very strong indication that it will get approved as they anticipate in 2014.
Looking at an hourly chart the stock is now trading above the 20,50, and 200 intraday moving averages, with in the context of a cup and handle pattern. However, a catalyst is needed to break or to hop over gap resistance.
I think it has something to do with the formation of a cup's handle. Theoretically, they try to shake out the weak hands to support a move up. The formation looks really good to me with a nice drop in price and volume, with a previous intraday low support and a 50 day moving average. All we need is a spike in volume with a new high and this stock will take off.