V is i a rising wedge as well..both V and GPN broke bottom trendline in three last few days so pattern is valid
Rising wedges are long term patterns and not valid untill bottom trendline is broken. Both trendlines slope up so different than a triangle. Rising wedges interrupt supply and demand due to lack of pull backs (there will be areas where price did not touch bottom trendline) on it's irrational flight up the price ladder. When they get to a certain point, there is a lack of buyers left to keep the stock at the higher price.
Long When fall complete. There are gaps below price of both to catch them or serve as support. MA is not in a rising wedge but falling as well so just not a good day for payment processors I suppose. MA also has a gap up down below
Rising wedges are long term patterns and not valid untill bottom trendline is broken. Both trendlines slope up so different than a triangle. Rising wedges interrupt supply and demand due to lack of pull backs (there will be areas where price did not touch bottom trendline) on it's irrational flight up the price ladder. When they get to a certain point, there is a lack of buyers left to keep the stock at the higher price.
Long When fall complete. There are gaps below price of both to catch them or serve as support. MA is not in a rising wedge but falling as well so just not a good day for payment processors I suppose. MA also has a gap up down below
Kommentera:
A strong stock usually does not fall a long ways down..so maybe soon GPN and V will be okay.