NASDAQ:ADES   Advanced Emissions Solutions, Inc
A nice bullish pin bar into close on Friday but unable to close above breakdown low. No trend change in my opnion as of yet. It may not even get above Fridays close and want to retest high volume low of Friday. But bullsih bars and oversold crossover leads me lean towards upside from here but but a bounce to MA/trendline may be all it is One could go long with tight stops moving up to lock in profit at any reversal and no real promise until a break above trendline at $8.60. Or one could get short at MA/tendline reversal if bars showed good entry. Id be more apt to go long on break of trendline with close stops and a move to DEC highs between $9.80 and $10.20 would probably be a given.
Comment: Retested high volume low as stated and then broke above resistance. Has stalled at resistance of late Jan and may retest BO of $8 but a move above $8.58 and it will run for 50 da ma. Going long here on back test of $8 range or Breakout ,
Comment: Closed right at resistance of $8.60. Momentum should push through, may have another stall candle before it does. Could then run to test prior high range 9.75 as long as Market stays in uptrend
Comment: Rocking right along as noted above. Break out and back test of trendline, strong bullish candle on the break of resistance at 8.6 as noted above, but low volume, should run to test 9.75-10.20 range but coal stocks not looking good lately so tight stops.
Comment: Stalled at prior high,, sell off top on candle ,,not quite a full reversal sign but bearish enough to take notice. My still run a bit but Id tighten stops
Comment: Two indecisive candles back to back with slightly bearish overtones. I would look to tighten stops significantly. Pro is it has held up very well if bad sector and market conditions.
Comment: followed through exactly. Close above target at 10.58


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