BAH missed on revenue a significant pull back occurred..
There was a small bearish divergence on rsi before earnings, not huge though. BAH was overbought when earnings were released which definitely did not help the issue..Overbought and Oversold conditions can go on for a while.
It is now oversold and looks to be trying to find a bottom. I do notice there is a bit an ascending broadening formation (megaphone) when I drew the trendlines but this is like a symmetrical triangle, in fact opposite in appearance of a triangle. It is a slight slope and the trendlines are not perfectly parallel, but in the scheme of things, not that unusual...just noted it in my pea brain (o:
I am not sure this is finished pulling back yet and I see a fairly strong support level just above 79. The recent pull backs formed a pivot low I noticed (red line).This has not happened as of yet and it may or may not happen as the Mr Market does not usually repeat the same exact behavior. He likes to mix it up a little to keep us on our toes (o:
Just watching and not recommending this ..just one I follow and glad I sold when I saw the overbought signal the day before earnings.
It is impossible to guess what a stock will do post earnings unless you are in congress or something and know things we do not know, and I do not think anyone knows how a stock will respond to earnings unless they are psychic. (makes me want to stick to forex sometimes (o: But often there are little clues left laying around if you look for them. I have noticed stocks in rising wedges have been getting a haircut after earnings whether they beat or not, as well as some of the parabolic stocks. A rising wedge differs from an ascending broadening wedge in the both trendlines slope up but slope towards each other and converge.
Anyway, as a rule this stock is not super volatile and usually just an easy stock to trade because it is somewhat predictable in the scheme of things. When I started learning to trade, I watched a lot of YouTube videos and a named David (I cant remeber his last name ) said to pick a basket of stocks and trade them over and over so you know how they move and get a half way decent idea on where they pull back and how far they pull back.
Good luck!
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations. It also provides analytics services, which focuses on delivering transformational solutions in the areas of decision analytics, including operations research and cost estimation; automation; and data science that include predictive modeling and machine learning, as well as new or emerging areas, such as deep learning and artificial intelligence. In addition, the company designs, develops, and implements solutions built on contemporary methodologies and modern architectures; delivers engineering services and solutions to define, develop, implement, sustain, and modernize complex physical systems; and provides cyber risk management solutions, such as prevention, detection, and cost effectiveness. Booz Allen Hamilton Holding Corporation was founded in 1914 and is headquartered in McLean, Virginia.
There was a small bearish divergence on rsi before earnings, not huge though. BAH was overbought when earnings were released which definitely did not help the issue..Overbought and Oversold conditions can go on for a while.
It is now oversold and looks to be trying to find a bottom. I do notice there is a bit an ascending broadening formation (megaphone) when I drew the trendlines but this is like a symmetrical triangle, in fact opposite in appearance of a triangle. It is a slight slope and the trendlines are not perfectly parallel, but in the scheme of things, not that unusual...just noted it in my pea brain (o:
I am not sure this is finished pulling back yet and I see a fairly strong support level just above 79. The recent pull backs formed a pivot low I noticed (red line).This has not happened as of yet and it may or may not happen as the Mr Market does not usually repeat the same exact behavior. He likes to mix it up a little to keep us on our toes (o:
Just watching and not recommending this ..just one I follow and glad I sold when I saw the overbought signal the day before earnings.
It is impossible to guess what a stock will do post earnings unless you are in congress or something and know things we do not know, and I do not think anyone knows how a stock will respond to earnings unless they are psychic. (makes me want to stick to forex sometimes (o: But often there are little clues left laying around if you look for them. I have noticed stocks in rising wedges have been getting a haircut after earnings whether they beat or not, as well as some of the parabolic stocks. A rising wedge differs from an ascending broadening wedge in the both trendlines slope up but slope towards each other and converge.
Anyway, as a rule this stock is not super volatile and usually just an easy stock to trade because it is somewhat predictable in the scheme of things. When I started learning to trade, I watched a lot of YouTube videos and a named David (I cant remeber his last name ) said to pick a basket of stocks and trade them over and over so you know how they move and get a half way decent idea on where they pull back and how far they pull back.
Good luck!
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations. It also provides analytics services, which focuses on delivering transformational solutions in the areas of decision analytics, including operations research and cost estimation; automation; and data science that include predictive modeling and machine learning, as well as new or emerging areas, such as deep learning and artificial intelligence. In addition, the company designs, develops, and implements solutions built on contemporary methodologies and modern architectures; delivers engineering services and solutions to define, develop, implement, sustain, and modernize complex physical systems; and provides cyber risk management solutions, such as prevention, detection, and cost effectiveness. Booz Allen Hamilton Holding Corporation was founded in 1914 and is headquartered in McLean, Virginia.
Note
David Model..I remembered (o:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.