techtrail

techtrail

This stock appears to be in a Wyckoff Accumulation zone. A swift breakout past the top of the range at 171 would be a big positive development. Am watching this stock with interest...

techtrail

Price has spiked above the highs and immediately scales back into the range. Volumes higher at the spike too. Am inclined to believe that this could be a probably distribution !! Let's wait for more confirmation. A quick selling pressure or a series of red wide ranged bars will strengthen the case for distribution.

techtrail

The stock is in an uptrend and in a consolidation in the recent weeks. The consolidation is happening after a breakout of prior highs (marked by magenta horizontal line) This stock is in the watchlist and I would get interested if there is an upside breakout.

techtrail

Looking this weekly chart, I have a strong suspicion that this could be a prolonged phase of distribution or ranging price action between the Magenta horizontal lines. Price has been rejected from the upper parallel of the down-sloping fork. As per Andrews rules, there is a strong case now for a test of the medianline or the middle line of that green...

techtrail

Price is in a consolidation (magenta lines) which in turn is within a bigger consolidation (marked by red lines). Will the price have strength to hit the upper red line? Your guess is as good as mine...

techtrail

My guess is, it is an accumulation zone. The clue to look forward is a test of the lower end of the range with relatively lower volume, followed by a sharp rally or a green wide-ranged-bar.

techtrail Updated 

My thoughts are annotated in the chart

techtrail

Price edges above the 200-DMA today. From a broader perspective, price seems confined within the green consolidation zone. Within that green zone, there is another smaller congestion zone, call it a fractal if you will. Nice set-up. Picked up token quantity today.

techtrail

Price has been consolidating in a range and is confined within a down sloping trend channel. It is also within striking distance of the 200-DMA. This one in my watchlist

techtrail

Price has been stuck in a small range. A breakout past 78.25-79 zone would push the stock into mark-up phase. Will the breakout happen? I would rather wait...

techtrail Updated 

The chart depicts my "probable" Wyckoff labeling. It is purely in the realm of conjecture as of now. Where we close today might provide clues about the relevance of this expectation. Let's watch and watch.

techtrail

This is an interesting chart that I am tracking. Price has bounced off the lower parallel of the blue fork. Price is also on the verge of breaking out above the 200-DMA. A crossover above the 200-DMA will make me interested in this stock.

techtrail

Price is in protracted phase of consolidation. Am looking for crossover of the 200-DMA. A subsequent retest of the 200-DMA would make be a willing buyer. Have already bought a token quantity already.

techtrail

Price closes above the 200-DMA. Prior to the breakout, there was a nice consolidation which comes across as an accumulation pattern. Will price have enough strength to hit to test recent highs? I don't know and am equally curious !!

techtrail

Price has gone through a phase of accumulation and is now at the prior gap zone. Will it breakout or consolidate again? I am clueless and eagerly awaiting the outcome. This one is in my watchlist

techtrail

Price has bounced off the lower parallel of the Magenta-Modified Schiff pitchfork. More recently, the bounce off the 50-dma is a positive development. A breakout past the 200-DMA would be a major sign of strength and we can then make a strong case for a test of the medianline or the middle line of the Magenta pitchfork.

techtrail

After a steady fall, price has been in a trading range for a while now. After a potential Wyckoff Spring, price has gotten back swiftly into the trading range. A breakout past the upper end of the range at 78-ish would be a bullish outcome.

techtrail

Stock has been in a trading range for a while now. This range comes across as Wyckoff Re-accumulation. for this hypothesis to be valid, price must swiftly breakout above the high of the trading range and keep marching higher via green wide-range-bars.