Been in since 50% lower, pretty much bought just after the bottom but long term still looks good.
Historically the past 5 times the RSI on the (daily) has been this high there has been a decent retracement, apart from where it was a toppy choppy mess, and it isn't currently ranging as such. This is where I plan to average in further. Combine this with hitting the top of the daily cloud - seems prudent. If it breaks the daily cloud I will look to average in more.
Weekly has had a nice C-clamp formation, combined with the bottomy prices and unfairly bearish market for this company and the decent buy volume I think this is a good buy still.
Long term (1 year+) target is $7
Happy trading!
Historically the past 5 times the RSI on the (daily) has been this high there has been a decent retracement, apart from where it was a toppy choppy mess, and it isn't currently ranging as such. This is where I plan to average in further. Combine this with hitting the top of the daily cloud - seems prudent. If it breaks the daily cloud I will look to average in more.
Weekly has had a nice C-clamp formation, combined with the bottomy prices and unfairly bearish market for this company and the decent buy volume I think this is a good buy still.
Long term (1 year+) target is $7
Happy trading!
Comment:
We are breaking out of the daily cloud, let's see if it closes outside for a Kumo breakout long.
Comment:
10% jump in a day. Nice.
Comment:
still worth noting the RSI is in historically oversold territory
Comment:
High volume on a Friday and a spike is unusual and potentially bullish.
Worth noting that unless we go vertical historically we should expect a pullback from here. I may reduce my exposure to buy back a little lower:
Worth noting that unless we go vertical historically we should expect a pullback from here. I may reduce my exposure to buy back a little lower:
Comment:
Still heading up- another few percent, I don't feel this will last.
Comment:
Selling here, we are at some resistance and I cannot ignore the historical patterns of RSI, BB and previous rallies. We could drop by as little as 10% or as much as 30%. Time to buy back lower.
Comment:
So we wicked up and came close to the weekly Kijun, my first personal sell target was $5 but since we went vertical I have sold already around here and will let the position ride. I'll be reloading on a retrace.
Comment:
Pulled back as expected, will reload between $4 down to 3. Around $3.86 is where I'll average in from.
Comment:
some surprise bullish news and massive buy volume, make of that what you will:
seekingalpha.co...irmount-santrol?app=1&...
seekingalpha.co...irmount-santrol?app=1&...
Comment:
First target hit, letting my position ride.
Comment:
The pull back on the W/D/4hr is looking shallower than I expected. Taking a basic view zoomed out on the monthly we have H/A candles green with the stoch RSI turning up. The probably has legs going into next year, I expect bigger moves after the new year.
Now is a good time to take profits and wait for a break of previous resistance or if you want to let it ride historically there is a case to be made for another 25% or so upside.
Now is a good time to take profits and wait for a break of previous resistance or if you want to let it ride historically there is a case to be made for another 25% or so upside.
Comment:
Ah we are finally seeing a correction towards $4.
Comment:
Daily T/K is about to cross bearish, we've broken the cloud to the downside on the 4 hour, I'll be waiting for it to look good again on the 4 hour for re-entry, ideally the D and W will confirm.
Comment:
Pretty bearish on 4hr, breaking cloud to downside, Daily T/K cross to the downside. I think a bottom will be found in the next week or two. Don't forget the earnings coming up soon as well.
Comment:
Personally I will be buying back in between 3.36 and 3.
Comment:
Missed out on rebuying, that 0.32 retrace should have been the clue- earnings good. Let's see how the stock does over the next month, could present another opportunity with a t/k cross/recross on the Daily. 4hr recently broke the cloud so that is a long signal. Will accumulate on dips.
Trade closed manually:
Closing this commentary to focus primarily on crypto going into the new year.