Is this stock going to go up to Complete the other Leg of the 'W'? Pretty low risk Trade, imho. Let's make some greenbacks guys!!
Mimedx Group Inc ( NASDAQ:MDXG ) Analysis Sector: Healthcare - Biotechnology | Country: USA Company Overview: Mimedx Group Inc, operating in the dynamic biotechnology sector, holds a prominent position in the healthcare industry. With a focus on innovation and biotechnological advancements, the company plays a crucial role in shaping the future of...
The dollar has been basing below the 200-day MA. If you don't see it, flip the chart and you will see a bullish valatility contraction pattern. For me this should resolve to the downside to continue its downtrend. This would be good news for stocks.
Notes: * Very strong up trend since March 2020 on all time frames * Great consistent earnings since 2020 * Basing for the past ~9 months now * Broke above and retested $86.7 which has acted as a pivotal area for bulls and bears * Consolidating just above $86.7 for the past ~4 weeks with decreasing volume * It was consolidating around the bottom of its base with...
Notes: * Strong up trend * Not the best earnings record but the last report was really good * Creating a base within a base * Recently broke above historical highs of 14.42 * Increasing volume since the last earnings report * Recently bounced off of the 50 day line with bullish price action and volume Technicals: Sector: Real Estate - REIT -...
So I wanted to put out a chart on this yesterday when I noticed it was breaking out, but I was too busy. It actually ran a lot faster than I thought it would. Anyways, here are the targets that are moving upward from the basing pattern that was formed. This basing pattern will likely give us further targets in the future. Thanks again everyone!
Here is an asset I have been watching. Though they had a bit of fallout due to the day 1 insider selling, this platform is still being used. I am expecting a breakout from the descending wedge and making its way up to the first target. However, there will likely be a lot of consolidation prior to moving to the 2nd and 3rd targets. Keep an eye on this asset and...
Another quick chart for you guys! This is another asset I have mentioned to my followers in the past. It has started to break out after its consolidation. The target provided was made from the last cup and handle pattern we saw. The target is 20 and was made by adding the depth of the cup to the top of the pattern. I believe this asset will fair very well during...
This is another asset I have been talking about to my followers. I have been watching the consolidation closely and it looks like it is ready to start moving soon. This asset is great because it has an overall large target and a long year and some change basing pattern that has formed. I have put the first target on the chart but I expect this to really move when...
Important Things To Note: Multiple basing patterns are fueling the engines for this asset. Minor Target of 0.37. I expect this asset to move heavily this alt season ETH just made ATH, alts will start to follow. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So, anyone that follows me knows I love MTV. Their metrics look great,...
Important things to note: BTC Flagging for another push. Altpairs led by ETHBTC are starting to move. ETH completed IH&S and moving up, alts will follow once bullish trend established. (over 4024). ADA is range bound in slight ascending channel. Ascending channel creating basing pattern. Expecting small break to downside followed by bounce. Bounce will create...
Important things to note: BTC has reached the level I have mentioned previously 48K (it will need to retrace properly and hold for confirmation). If BTC confirms level, it will confirm end to pullback. (likely scenario). ADA will test 200MA as its final real test. ADA will either pass the test and run to 2.86 (likely scenario) or be denied and move to...
Important things to note: ADA has created a rather nice basing pattern Has 2 higher highs, 1 proper retracement 1 more proper retracement will signal reversal Price has broken through its resistance at 2.57 BTC has made bullish price decision Important Dates to Take Note of: ADA Alonzo (smart contracts) go live Sep 12 2021 ADA Summit Sep 25-26 2021 So, things...
Important things to note: Price has tested main support Price has tested 200MA Basing pattern may form, watch for handle BTC's movement upward to 55k is allowing ADA to consolidate at support If new high is created we will have perfect ascending wedge New trendline created with lowered slope My upside target is 3.16-3.24 (profit taking) My downside target is...
Important things to note: BTC closed above 51K, likely to test 55k next. ADA tested main trendline twice and produced long wicks Started moving back up into a basing pattern (happens prior to price move) Short term target 3.16-3.24 Volume filling Pullback overdue, ADA shows oversold on weekly. ADA price sitting right above main trendline Important Dates to Take...
This chart looks very similar to the ETH/BTC chart. Terrible company but I like the R/R. 17.5 is key resistance
CRSP is basing nicely and the 50 EMA has come down to the 200 EMA and might be ready to turn up. Could be a bit premature so I will be keeping an eye on it before entering.
RYCEY has consolidated for a very long time in an extended basing period. Volume has picked up tremendously and a recent low provides a low risk, high reward entry