- Rank: 411
- Followers: 1
- Votes: 0
- Years Member: 0
- Last Update: 21 October 2020, 22:53
SC, AR, ST attained. in phase b. volumes dropping. selling temporarily exhausted. closed above 2 previous days.
stock up, but signs of supply. watch for deterioration. 3-diminishing volumes. loss of demand. Temporary? 4-increased demand but supply tail introduced as resistance is encountered at 115. 5-loss of momentum. careful. 6-moving down. target 105, more bullish if bounces at higher low. 7-recovery from previous test, but on lower volume. RS crossing its MA. cautiously bullish. 8-weakness on fed news today. Attempt to break local resistance being tested, downsloping. Bias turning bearish. 9-volatility/volume contraction. more bullish action. 10-accumulation in trading range. volumes decreasing so constructive. 11-supply absorbed. prices bounce. 12-gaps up on increased volume from news. No supply. 13-strong selling resistance at 125. dE>, dR>. Going down. 16-price down on incr vol. consolidating down to likely higher low. 19-relative strength flattened out. losing steam. 20-mild rally. uE>=, uR>=. monitor
coverage initiated. Rally out of shakeout type structure shows testing and absoption of supply. Some incoming supply ~87 visible but testing is constructive. 10-profit taking, but not at prior highs so neutral. 11-large retreat on increase supply volume after processor announcement. confirms UTA, will it form an LPS? 12-forming LPS. Ready for another move. Long causality. Good buy target. 13-uE <, uR=. Bullish. 16-uE<, uR, dR>. further moves down before recovery possible. monitor relative strength. 20-dE>, dR<. some demand seen but not ready to break out yet
successful test of spring. SOS bar. Buyable. Bull target 65-70. Bear target 50.55, 46. 7-bullish continuation. volumes somewhat down, smaller candle indicates presence of supply, and closes @ ATH. testing likely to happen. 8-attempt to rally crushed by supply. TR or heading down. 9-no follow through on down day. Closed up on a general market day up. loses momentum on RS graph. 10-moving up after successful testing. 11-emergence of new supply. does not fully erase progress. still bullish. 12-vol down, supply cannot move price lower. forming BU before moving up. 13-uE >, uR >. Bullish. 15-dE>>, dR, dR>. back up starting. uE>>, uR>. some supply present. may be breaking out. OBV increased.
strong RS. increased supply from 35-36. most recent bar tests on incr vol, but closes inside previous bar. monitor. 7-inside bar rally on lackluster volumes. Watch for ChoBeh. 8-rally attempt higher crushed by supply, but bullish in that it wasn%27t able to invade prior bar by much. 9-move up on similar volumes. supply recedes, but demand does not overwhelm. 10-continued diminished demand, supply marginally increases. 11-S. Bullish. 16-CHoBev bar on 15th, followed by attempt to create ST. E<, R<. D present but overwhelmed by S. monitor TR for entry. not yet ready. 19-dE<,dR>. Selling Climax hit, forming automatic reaction.
strong RS. BO above 47.78. good long term play. volumes up on up day
strong move up. volume and candles down. no signs of supply. 3-ongoing rally. diminishing demand volume. 4-reintroduction of demand. 5-significant volume. increased signs of supply. starting to show topping action. 6-change of behaviour. testing. medium retracement on low volume. may give back some gains before secondary test. first target 51, second 49.5. 7-another powerful upmove day on higher volume, but also supply signature. Extended. R-A imminent? 8-Change in behaviour. Will form an AR, which will establish a new trading range. 9-stopping action with reduced volumes. Forming bottom of TR. bullish. 10-supply emerges on down day in market. watch. 11-formed bottom of TR now ready to form ST. Volumes increased. 12- forming ST. Bias is still in TR. 13-uE. Bullish. Target 55.50. 16-hit 54.50 before rounding ST and retreating. dE<,dR<. S<,D<. 19-dE>, dR>. formed ST top. moving down in TR.
finding resistance crossing 167. 5-resistance now at 172. momentum dropping. move stop losses up. 6-exited position, but still bullish. testing on diminished volume. minimal supply coming in. 7-EoM upbar, above local resistance. bullish. 8-strong rally up met with resistance at 185. still bullish. 9-moves higher on low, but present supply. bullish. 10-some emergence of supply. not yet seeing any stopping volumes. 11-D<<,S<. 12-demand diminishes. vol <<. Supply still <. 13-dE>, dR>. Change of Behaviour. favor TR. neutral.
added as a test. not fully covered but chart overall looks bearish due to increased volumes, lower highs and lower lows.
19-INTERESTING--low volume test forming. could this be a spring? This may be an entry point in next few days
holding in upper range of TR. strong RS. volumes decreasing but signs of supply. possible move down to support. monitor
-signs of supply in rally. fragile.3-backing up action. unwilling to retreat. 4-ongoing test. volumes decreased. ready for move up? 5-local BO. Encounters resistance at 142-145. will there be exhaustion of supply and synchronicity? Likely multiday rally. 6-hit resistance again at 146. demand collapses, but so does supply. Given distance from 20d EMA and volume drop, bias is still bullish. 7-supply tail with attempt to test 145-148, into body of early Sept downbar. Testing likely to follow. 8-testing, demand has slight edge. supply tail shortening. Likely still has gas in the tank. 9-weakening demand but not yet threatening. testing action. 10-testing action shows loss of demand on lower volumes. possible that this is UTA and is going to move down. 11-D and S not present. prices cannot advance. 12- S>, D>, but advance is laborious. 13-uE>, uR>>. 16-S encountered at previous high. Dropped to 141.13. dE<,dR<=. Supply absorbed. likely to test ATH again. 19-more supply appears. dE>=, dR<. Not threatening
tends to collapse after mega rallies. shortening of thrust. watch for recovery
-recovery on stronger volume. likely multiday move. 3-continues to rally, but encountered supply at 226-230. 4-encounters supply at 225. volumes down. bullish. 5-successful test on low volume. demand in control again. 6-surprising failure of test. large down bar on higher volume. suspicious for downmove vs testing. short term bearish. 7-weakening volumes and inability to make new highs signals likely UT action and possible return to TR. 8-establishing trading range, not giving much ground. still bullish. 9-testing. 10-support at 20d EMA. medium term bullish. 11-prices fall on their own weight. , uR>. 16- testing. dE>, dR<. will retest 242. 19-more supply emerges. dE. short term bearish. 20-breaks downward. very bearish. dE>, dR>. commits below support.
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.