I might be a little early here, but I like RIG and I'm BUYING. After a 78.6% retracement off the highs it looks promising. The RSI and %R are oversold and have acted as a good buy spot in the past. The company has positive net income so fundamentally pretty solid. Earnings are a way off so no near term shocks. The 15 min chart shows a double bottom, which usually...
Shares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products. It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company,...
1 - Downswing on increasing volume and tight closes: the accumulation phase started here 2 - Decreasing volume on down bars: sellers are exhausted 3 - Effort to rise on ultra high volume: market doesn't like this kind of candles because they could hide sellers, so the stock pauses to test supply 4/5 - Two tests of supply but the following candles failed to...
1 - Downswing on increasing volume and tight closes: the accumulation phase started here 2 - Decreasing volume on down bars: sellers are exhausted 3 - Effort to rise on ultra high volume: market doesn't like this kind of candles because they could hide sellers, so the stock pauses to test supply 4/5 - Two tests of supply but the following candles failed to...