Earnings 12-20 AMC
Tough time to trade this so close to earnings.
Analysts appear positive on the numbers although estimates to beat are higher than last quarter.
V bottom that got caught up in a rising wedge along with a RSI Divergence.
The wedge and the divergence appear to have corrected.
Short interest is around 3.5%.
EL is 48.20 which is the high on the left side of the V.
Possible stop under 41.84.
No recommendation
Tough time to trade this so close to earnings.
Analysts appear positive on the numbers although estimates to beat are higher than last quarter.
V bottom that got caught up in a rising wedge along with a RSI Divergence.
The wedge and the divergence appear to have corrected.
Short interest is around 3.5%.
EL is 48.20 which is the high on the left side of the V.
Possible stop under 41.84.
No recommendation
코멘트:
Rising Narrowing wedges are often accompanied by an RSI Divergence
코멘트:
1-10-23
Appears to have corrected after falling from a Rising Wedge but is still not to long entry level for the V pattern.
Appears to have corrected after falling from a Rising Wedge but is still not to long entry level for the V pattern.
The pattern is preceded by a downward trend in price. (This may be only a short downtrend, but if the candles appear after an upward trend in price it is not an important)