Falling wedges can be bullish if a stock breaks up and out of the wedge.
I think SO had an earnings miss as well
Rising wedges are almost always bearish and are caused by irrational exuberance..too much buying without healthy pull backs. This all catches up with the stock eventually when no buyers are left...ie WDAY fell out of a rising wedge recently. Many more like KLAC. The stock usually recovers but beware that a stock can fall the entire width of the rising wedge, or it may just take a quick dip out and recover with ease. It depends on the stock
"The only man who makes no mistakes is the man who never does anything. Do not be afraid to make mistakes, providing you do not make the same one twice.”
Not a recommendation
I think SO had an earnings miss as well
Rising wedges are almost always bearish and are caused by irrational exuberance..too much buying without healthy pull backs. This all catches up with the stock eventually when no buyers are left...ie WDAY fell out of a rising wedge recently. Many more like KLAC. The stock usually recovers but beware that a stock can fall the entire width of the rising wedge, or it may just take a quick dip out and recover with ease. It depends on the stock
"The only man who makes no mistakes is the man who never does anything. Do not be afraid to make mistakes, providing you do not make the same one twice.”
Not a recommendation
Nota
55.10 would clear the falling wedge upper trendline. a clear uptrend needs to be in placeNota
Has broken up from FW
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.