techtrail

techtrail

Watch the green lines in the chart. If the price bounces off either of the two green lines, it would then be a sign that buyers are strong and eager to push the price higher. A Hammer-candle at either of these lines would make me interested in adding more of this stock.

techtrail

Price has been making a smooth progression of higher tops and bottoms in the daily chart. As long as the support lines hold, I would expect a rally to the recent highs at 190+

techtrail

The stock has been a steady performer and in a long term uptrend. Note how price has bounced off the pitchfork. The zoom & retest of the medianline is a bullish development and indicates price could rally to the upper parallel.

techtrail Updated 

Price has drifted lower and notice the diminishing size of the red candles in that ellipse. This is a sign of lack of selling interest. Such moves typically is to test the resolve of weaker hands at prior zones. In this case, price has revisited the prior breakout level marked by the horizontal red line. Notice the drop in volume during the recent drift down and...

techtrail

Price is moving up steadily and appears headed to the weekly resistance level at 435-ish. A fall below 361 would be a sign of weakness and weaken the case for a rise to 435. I am keen to buy this stock on a evidence of support at any of the blue lines. Watch this stock.

techtrail Updated 

Watch this stock. Setting up well for a massive breakout. Monthly charts look promising.

techtrail

There is a vacuum in this ellipse. Again the concept is similar to Dishman chart posted earlier today. Above 302, am expecting a quick spurt to 312+.

techtrail

Looks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive. A breakout past the top of the range at 540-ish would be a sign of strength and...

techtrail

Annotations are self-explanatory, I presume.

techtrail

Check annotations in the chart

techtrail Updated 

Price has breached a key support. what it does on a revisit would be crucial intel. Let's wait.

techtrail Updated 

Please check the annotation

techtrail Updated 

Look at the annotations in the chart. Plain and simple Andrews Pitchfork rules at play. Price has taken out a minor swing high, indicating a change in behavior.

techtrail

Price n Volume action suggests buying interest in the stock. Have a look at the annotations in the chart.

techtrail

Price has been bounded by the support and resistance zone. Price action on Friday indicates buyers are still active near the lower lend of the zone. A breakout past upper end of the red-zone would bring 133 into reckoning

techtrail

Gold has displayed the tendency to move from one congestion zone to another. Price has been in a congestion zone, a.k.a re-accumulation in Wyckoff terms, for a while now. The next destination seems to be the upper green box starting at $1,530-ish, extending all the way upto $1,804. Let's wait and watch. Pondering if it is time to increase weightage of gold in...

techtrail

Accumulation within accumulation is what I can interpret from the chart. Nice breakout above the top end of the green range, indicating "Sign of Strength" in Wyckoff parlance. A back-up or retracement to the top green line would make me a willing buyer.

techtrail Updated 

This is a follow up to the idea published yesterday in Venkeys.