Planning for Next Earnings Season: DFSNYSE:DFS has a platform trend since the highs and lows are very consistent, suggesting controlled buying over time. It had a compression pattern before the pop out of the box white candle and a small gap up candle as the first attempt to break out to the upside. The stock may drop back into the platform range but if it holds, it's a good indication that earnings have improved. This is an example of a good pattern to watch for a pre-earnings run setup with potential to swing trade to earnings. Discover reports July 17th.
Platformpattern
Dark Pools Accumulating Biotech: STOKDark Pools are accumulating some biotechnology stocks for mutual funds and ETFs based on this new technology. HFTs are chasing this accumulation.
NASDAQ:STOK is now near the price when more professional traders are likely to swing trade. It has a very high Percentage of Shares Held by Institutions and the bottom is completed. It may be a potential candidate for a watchlist for this industry, IF the industry fits your needs for short-term trading or long-term investing. It may also turn into a position trade if platforms develop.
This is a Weekly Chart so all the history of recent price is visible. The peaks of bounces upward within the downtrend are where the stock may stall and go sideways as it moves up.
ISRG: Controlled Sideways Patterns Ahead of EarningsThe Medical Instruments and Supplies industry had stellar growth until 2022, when it could not beat that anomaly in revenue growth which was one of the primary reasons for the intermediate-term correction in 2022.
2023 patterned out the abnormal revenues and earnings for most industries that benefited from either the pandemic or from the government OVER-stimulation of the US economy via mega amounts of stimulus checks to WORKING people. Stimulus checks should have been allocated to the unemployed only. That would have lessened the impact of the resulting anomalies. If anyone had bothered to study pandemic history, the impact would have been much less severe for American families and the economy.
As with hundreds of stocks at this time, NASDAQ:ISRG is trending sideways. This is not a perfect platform yet, but the sideways action has some of the traits of a platform such as consistent highs and lows from the perspective of a weekly chart.
The stock is above its previous all-time high now, which provides a technical support level. The weekly chart shows that there has been Dark Pool accumulation and professional traders in the mix.
IF the earnings report next week shows steady growth in both revenues and earnings in the 1st quarter, and IF the CEO's projections are positive, the stock could have an HFT gap up. If there was a negative surprise coming, the CEO should have warned by now. HFTs can make mistakes and gap it down. But if HFTs trade it down, then the stock price will immediately run back up into that sideways price level.
If the report indicates a flat or minor improvement, then it is likely to remain within the sideways trend for another quarter.
A controlled entry above the highs of the current sideways action eliminates that risk factor for either swing trading or position trading.
Strong Support Below for BoeingThe Daily Chart of NYSE:BA shows where the probable support will halt the selling for Boeing.
The long sideways trend is close to being a platform. The highs, or within the highs of the range, should provide strong support for the stock.
If it dips deeper, it is likely to be temporary and should shift back to the higher area of the sideways trend.
MDLZ Forms Long Platform PatternMDLZ has developed an unusually long Platform candlestick pattern at a new all-time high. The highs and lows are quite uniform, which is often the footprint of Buy Side Institutions using Dark Pools.
LSCC Has a Platform-Building Pattern out of a BottomLattice Semiconductor is performing strongly with a steady increase in Dark Pool Quiet Accumulation, out of a long-term bottoming formation.
CINF Platform Pattern Hidden AccumulationCINF is an S&P 500 index component. The chart shows a platform sideways pattern typical of Dark Pool hidden accumulation. This was followed by a long white candle that was not HFT driven. The stock is now in another consolidation, at a new high with more hidden accumulation.
NUAN Runs Out of Platform PatternNUAN had a strong run out of a platform and rose above the previous high’s resistance level. This was on a weak market day. PSHI is high for this stock. It has new technology coming this year.
