If you haven't been following Tickeron's A.I. and subscribing to patterns, you may want to start. There have been several notable pattern discoveries and trade ideas of late. Here are three.
1) Facebook (ticker: FB)
In July, Tickeron's A.I. successfully identified that Facebook had confirmed what is called a Rectangle Top Pattern. The Rectangle Top pattern forms when a stock price is stuck in a range bound motion. Two horizontal lines (1, 3, and 5 on the chart) and (2 and 4) form the pattern as the stock bounces up and down between support and resistance levels. Depending on who gives up first—buyers or sellers—the price can breakout in either direction.
Once the price breaks out from the top pattern boundary—as identified in the chart as “Breakout”— traders should consider trading with the up-trend. In this case, the A.I. cued investors by providing a Target Price, which is labeled “Success” on the chart. Investors who took the A.I.’s advice stood to make +4.89% on the trade! Check it out: https://aipatterns.tickeron.com/PatternMissedOpportunityLP/357475ef-af11-4a3b-a07b-e9940c575f00
2) Oshkosh Corp. (ticker: OSK)
While most people were looking to Oshkosh for baby apparel and denim overalls for kids, Tickeron's A.I. was scanning Oshkosh’s stock chart for opportunities—and it found one. In July, it identified a Three Rising Valleys Pattern that led to a +10.98% gain.
The Three Rising Valleys Pattern forms when a stock subtly charts a higher course—every time it tests a low, that low is a bit higher than the previous one. As such, the price lows are arranged along an upward sloping trend line. The Three Rising Valleys Pattern often appears at the end of a declining trend—an indication that buyers are overtaking sellers, which ultimately pushes the price higher. This type of formation happens when investors shift into buying mode following a consolidation period.
Want to learn more about how this opportunity played out? Check out the pattern details here: https://aipatterns.tickeron.com/PatternMissedOpportunityLP/b6b4501b-fe3d-4875-9a09-a062bbe3dcf6
3) Sherwin-Williams Co. (ticker: SHW)
In July, Tickeron's A.I. also successfully confirmed a stock pattern for the $30 billion paint company, Sherwin-Williams (ticker: SHW). This stock pattern was different from the Facebook and Oshkosh opportunities, however. This time, the A.I. predicted the stock’s decline, meaning that investors could have capitalized from shorting the stock or perhaps purchasing put options.
A.I. found a Head-and-Shoulders Top Pattern. This type of pattern forms when a stock is testing new highs on an uptrend, but fails to retest its highest high and break upward. Mounting selling pressure takes over each time a stock approaches its high. The pattern forms a very distinct geometrical shape of a left shoulder, head, and right shoulder. Eventually the stock stops testing highs and reverses trend into a decline.
Want to see what the pattern looks like and how A.I. successfully predicted Sherwin-Williams’ price decline? Check it out here: https://aipatterns.tickeron.com/PatternMissedOpportunityLP/2149e740-3215-4740-9d72-9ad3236898fb