November 1 | REBOUND Patterns: DIS, AIZ, MRK…

In this analysis you can find the companies that showed one of the following technical patterns appeared today:

  • REBOUND from Trend-Line
  • REBOUND from Simple Moving Averages 50 or 200 periods
  • REBOUND from Resistance

Within each of the 4 sections you will find a more complete explanation.

None of the patterns below guarantee success because there may be false rebounds. These are only operational ideas and it is recommended to combine other analyzes (fundamental or volumes) for greater effectiveness.


Potentially BULLISH signals


REBOUND from RISING Trend-Line

It represents an event in which the share price is bouncing away from a trend-line that has supported recent price growth. So it can be a point where the stock price starts to rise again following its main positive trend.

Scorpio Tankers Inc (STNG)

https://www.tradingview.com/x/wqv8xtpd/

Marriott Vacations (VAC)

https://www.tradingview.com/x/Pd3fFgE4/

REBOUND from POSITIVE Simple Moving Averages 50 (red line) or 200 (black line) periods

It represents an event in which the share price is falling and is bounced off the simple moving average at 50 (red line) or 200 (black line) periods which is notoriously a support point. Therefore it can represent a point of increase of the share price in the next sessions.

Assurant Inc (AIZ)

https://www.tradingview.com/x/geLVoa3v/

Disney (DIS)

https://www.tradingview.com/x/i0LWnV4R/

Potentially BEARISH signals


REBOUND from NEGATIVE Simple Moving Averages 50 (red line) or 200 (black line) periods

It represents an event in which the share price is rising and is bounced off the simple moving average at 50 (red line) or 200 (black line) periods which is notoriously a resistance point. Therefore it can represent a point of decline of the share price in the next sessions.

Ball Corp (BLL)

https://www.tradingview.com/x/qCV7BDdM/

REBOUND from Resistance

It represents an event in which the share price is rising and is found to be rejected near a price level that had already stopped its growth in the past. Therefore it can represent a point of descent of the share price in the next sessions.

Eidos Therap. (EIDX)

https://www.tradingview.com/x/xgfjC4fw/

Merck & Co Inc (MRK)

https://www.tradingview.com/x/rLGTP5j8/

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This analysis takes very interesting patterns into consideration, but if you are also interested in analysis of company fundamentals, I refer you to my Score-Card analysis here.


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Source:

*Charts by Tradingview.com


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DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment.