I am certainly not the first to say this, but this type of run-up typically does not end well. It has a similar setup to KODK back in 2020. This type of trade needs volume to continue to push the price up. If volume continues to fall , I will start a short position (1/2 of what I usually do) targeting a drop to $100.
I have been doing this for nearly 25 years and I try to keep it simple. I look for two things: 1) a catalyst that can send the stock higher or lower and 2) a high potential technical signal Catalyst NKLA is in the EV space and right now there is a ton of money flowing into this space. They also have a watered-down deal with GM who has just announced they are...
I have been keeping my eye on this one for a while and it is clearly in a sideways channel. The pandemic was a boom for the stay-at-home economy - this was the growth catalyst a streaming provider was waiting for (stay at home and binge). IMHO Netflix has profited as much as it could from the situation and with the vaccine I think the stock will sink from...
Moving average crossed over for a buy signal - targeting 20.5 for a >10% move
3 signal system 1st signal - RSI signal oversold March 16ish (no surprise here) 2nd signal - MACD signals Buy March 23 3rd signal - EMA crossover Apr 23 Target 6.60
AMZN looks like it is getting ready to pull back. - 1st signal RSI went oversold Apr 16 - 2nd signal MACD signal a down turn of the 28th of April - No sell signal yet, if the trend continues I suspect the sell signal to come at approx. 2,280 - with a target of 2080 an 8% move - we will see! Keep an eye on this one. Stay Safe
I use a three signal alert system 1) Mar 12 RSI goes oversold (no surprise there) 2) Mar 25 MACD flashes a buy 3) Arp 29 EMA cross-over -confirming trend - $24 price target I would be careful this week as earnings will be released, also looks like S&P is heading lower this week.
1st buy signal triggered by RSI on Dec. 11, 2019. You could take a 10% position (of what your ready to invest). Just to be clear this is 1st signal and it is weak - that is why I suggest putting only 10% (ex if you want to invest $10,000 - start your position with $1000) www.tradingview.com
First buy signal came when the RSI went oversold in early November (if aggressive take an initial position of 10% of what you are willing to invest) Second buy signal came mid November when MACD had a buy signal (if aggressive take a second position 25% what you are willing to invest) Third buy signal came last week when moving averages signalled a buy -...
Both the RSI and MACD are in deep oversold conditions. Weekly pivot at 4.50 & a couple of missed daily pivots
RSI & MACD turning, missed pivot at 21,50 (first target) fill the gap second target
Based this trade on the EMA crossover and thinking oil is heading lower negative for CAD
Would have made a great PUT option trade. The larger trend is measure with EMA cross over (when the 7 crosses over the 27). The sub trends that indicate a directional price trend would be RSI, MACD and Parabolic SAR.= interpreted in the traditional manner. SLF Larger Trend Signals a Sell RSI - Signaled a Sell (Feb 10-11) MACD - Signaled a Sell (Feb...