XBI Nov 13th, 2019 Chart update.
Confirmed strong today, breaking out above its 200 day moving average.
ROKU Nov 11th, 2019 Chart update
Confirming strength with a higher low, higher high with good volume above initial resistance.
A solid move today off support. Just keep in mind earnings expected on November 6th at 4:00 PM
We started locking in profit Oct 29th and closed the position on Oct 31st to assure profit near resistance and based on earnings report expected on Nov 6th. As posted then via social media. Please with the timing on this and using TrendSpider charts certainly helped in a big way guiding us through this trade.
After earnings and just one more reason why I’m big on locking in profit prior to these events, even on companies that I LOVE “assure profit”
This drop to pop move back above the 20 day average telling me this setup is well intact. Also worth noting the 50 day moving average now arching upward, helping to better confirm the likelihood of a longer term reversal in the trend.
A good day as it confirmed strength once again above this support (green line) Still time for things to happen before earnings, coming up Nov 27th at 4:00 PM
Nice continuation. Up 27.9% since our recent technical alert on this stock and could certainly continue higher as it breaks out to new all time highs! That said, would be cautious (potentially chasing) if you’re not already positioned in this stock.
CHWY Oct 15th, 2019
This higher low indicating to me this trend still intact. All about follow through now.