Spinning top, a candle of indecision today so far.
Earnings 8-4. I do not see a miss since 2017. Beating earnings does not always mean price goes up, as well all know. The reaction to the news is often more important than the news itself.
Bull flags consist of a quick run up which forms the pole and goes with the overall trend, and a small channel down that goes against the overall trend.
Bull Flags can break either way and throwbacks are common. Flags are consolidation and often continuation patterns.
A flag should not go on and on and should be no longer than 3 weeks in formation. You may see decreased volume during formation but increased volume with a breakout.
Throwbacks hurt performance. An uptrend is needed to confirm the break out.
No recommendation
Earnings 8-4. I do not see a miss since 2017. Beating earnings does not always mean price goes up, as well all know. The reaction to the news is often more important than the news itself.
Bull flags consist of a quick run up which forms the pole and goes with the overall trend, and a small channel down that goes against the overall trend.
Bull Flags can break either way and throwbacks are common. Flags are consolidation and often continuation patterns.
A flag should not go on and on and should be no longer than 3 weeks in formation. You may see decreased volume during formation but increased volume with a breakout.
Throwbacks hurt performance. An uptrend is needed to confirm the break out.
No recommendation
Note
The blue star represents possible target for bull flag
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Disclaimer
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.