Earnings 8-27 AMC Long only after descent from rising wedge pattern is complete
A stock can fall the entire width of the wedge, but I have noticed most do not fall the complete width as of late. Every stock is different
Stop is under handle low
Looks like the stock has started descent from the rising wedge it traveled in from the bottom Like so many stocks in the tech sector have been in for quite a while.
I rarely saw this pattern before the crash, but there have been plenty since then. Rising wedges are usually bearish. Falling wedges can be bullish if the stock breaks up and out and can signal a reversal..ie HSY was in a falling wedge
The stock is close to the handle low at this point and perhaps it will turn back up there..but remains to be seen
Not a recommendation
Good luck!
A stock can fall the entire width of the wedge, but I have noticed most do not fall the complete width as of late. Every stock is different
Stop is under handle low
Looks like the stock has started descent from the rising wedge it traveled in from the bottom Like so many stocks in the tech sector have been in for quite a while.
I rarely saw this pattern before the crash, but there have been plenty since then. Rising wedges are usually bearish. Falling wedges can be bullish if the stock breaks up and out and can signal a reversal..ie HSY was in a falling wedge
The stock is close to the handle low at this point and perhaps it will turn back up there..but remains to be seen
Not a recommendation
Good luck!
Ghi chú
The handle low can be a good place to get in as it is close to support. They do break below this though. Just odds are, a strong stock will not go lower than the handle low. Odds are just Odds and is how casinos make money (o: There has been significant insider selling on CRM, but I feel it is a strong stock. Maybe the insiders sold theirself short..who knows? Or maybe they knew it was due for a fall from the dreaded rising wedge? Remains to be seen
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.