Not exact matches
«Here's the bottom
line: the cloud companies have some
of the best growth rates around, and their charts, as interpreted by Bob Lang, suggest that stocks like Salesforce, Workday and Red Hat could be ready to roar once again after a nice
pullback just last month,» Cramer said.
Pullbacks to the value
of this trend
line near 22,200 are entry opportunities.
We set a buy stop above resistance
of the short - term downtrend
line that formed during the
pullback, enabling us to buy $ MZOR at $ 45.11 on the second buy entry.
Even the strongest
of uptrends do not move in a straight
line forever, and
pullbacks along the way are both normal and healthy.
The «cup» was formed after the low
of the
pullback that tested the downtrend
line on the weekly chart above, and the «handle» has been forming the right side
of the chart pattern just below the prior highs from September
of 2012:
As annotated in the chart above, we would ideally like to see a quick
pullback to near new support
of its 200 - day MA (the orange
line), presently just above the $ 160 level.
Since peaking in late January, the ETF has been in
pullback mode, and is now holding above its 50 - day moving average (teal
line), but stuck just below resistance
of its 20 - day exponential moving average (beige
line).
It broke out above the downtrend
line in mid-February and has since pulled back, in a relatively controlled low volatility manner, to test the
line as support during the most recent
pullback, low
of $ 137.12.
Gold is working its way higher with a nice
pullback to what should be support along the median
line of this modified - Schiff pitchfork.
Depending on how long such a
pullback would take to play out, the rising 40 - week moving average (orange
line) may also end up converging with support
of the weekly uptrend
line.
The RSI in the oversold zone also supports the possibility
of a
pullback, however, the BCH / USD pair will face selling at the 20 - day EMA, which is right at the resistance
line of the descending channel.
If it doesn't fit the character as Fitzgerald plainly intends, the characterization is at least in
line with the movie's simpler pleasures, which amount to taking in the polish
of well - designed sets (Daisy's introduction in a room drenched in flowing white curtains is particularly memorable) and the sheen
of the computer - generated ones (The sight
of the city's skyscrapers being constructed in a sweeping
pullback shot is a doozy, while Gatsby's race through city streets in his custom roadster shows the movie's occasional technological limits).
There is a
pullback and a bounce off
of the 12 EMA (violet
line).
The
pullback can carry the BCH / USD pair to the downtrend
line, where we anticipate another round
of selling.
The moving averages are also near the descending trend
line, adding extra layers
of resistance in the event
of another
pullback.