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Ascending triangle, confirmed Pros: Descending volume during formation Volume increase at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, but barely ascending ATR Ascending R/R ratio above 6 250RSI above 50 200MA ascending Target: PT = 9.96$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Stay Humble,...
** Comments and Likes are appreciated; New Subscribers are super! ** What I see... + Inside NR7 bar on very high vol. + RSI at 63 + MACD is bullish + 10MA has just crossed above the 50MA about 10 sessions ago + Lower price stock + Bollinger is still relatively narrow - 10MA is still far away - Upper shadow today failed to form a true inside hammer What I...
Amateur Trader, first idea. STOCK: PTEN (a drilling company in North America) Strong resistance at around ~1.90 at lowest, ~2.70 at highest and 2.3 at the middle. Can go up until it reaches 75% of top. Good profit before the 5th crash in a few days. The company is very established with a long history of ~$8-10. The last time prices were this low (~$2) was a...
The Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the...
Last week Patterson-UTI Energy finished with bullish engulfing which pierced up critical price of $20 for the share. This resulted in price bouncing off the lower boundary of the channel which now has every chance to extend its upward motion. Fundamentally oil sector companies are recovering the losses which were incurred due to the low oil prices This is the...
Massive sale caused by the triggering of stop orders.
Analysis on chart