Cloning of pennants (110 bars of trend line) and cup formations.. Reduction in downward price momentum as we double bottom on the trend line. Looking for CCI to cross over 100 to enter long.
Comments
AYosof
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hi thanks for the analysis, what do you think downtrend or uptrend after yesterdays uptrend?
Audacity618
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Yesterday's squeeze with historical volume IMO will push SCTY back up to analyst price targets in the 80s as long as nothing macro changes in the markets. This could continue to squeeze for some time.
Mr.Josh
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Is it still valid or spx500 us is going to sink it?
Audacity618
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I have found that SCTY doesn't have a lot of correlation with SPX, I would use TAN (Guggenheim Solar ETF). I think my chart is still valid for the long-term trend line and a good price to jump in. But hey, there's always risk and unpredictable news of course. good luck.