A touch of the 40wma as a shake out to resume the bull trend (as it has done so twice in this uptrend see yellow circles). Stochastics broke down, williams %R flirting with breaking down of support, pennant coiled on the weekly. Buy into 1800-1840 and target 2200-2400. No position.
green: indicator white: price orange: where the stock is suppose to go
Williams %R Oversold Bullish Crossover: JD is currently oversold, and momentum is showing signs of a trend reversal. JD already gapped up above support, expecting JD to hold support level and run up towards ATH
NASDAQ:REGI REGI formed a nice double bottom pattern with buy point at 64.04. With green energy in focus due to the election and a a democratic administration excitement was about in stocks like REGI, PLUG and BE. However, investors and smart money know that these companies have not yet gone mainstream.
Will it be a switch like the candle in January 2020 Will it be different this time. NOT ADVICE. DYOR.
NOT ADVICE. DYOR. 3 Charts with last two examples Construction: 1st Rule = Range of 2 Fractal LO with no Fractal HI in Between except a Rising Window 2nd Rule = Range of any 2 Fractal HI. What can we learn. Observe 2 Fractal HI thereafter & any Bearish Candlestick signal or drop <0 in Histogram.
Tutorial on how to play fractal level breakouts using custom indicator.
1. MA supports 2. OBV weakening on downtrend (bull div) 3. RSI bull div, also testing MAs as support 4. Appears to be a ABCDe triangle consolidation 5. Already wicked to 10600 support, now print HLs in this triangle.
Gold has broken the uptrend through idling so I believe this will be dropping in the coming week. I also see the RSI is over 75 which gives me another idea of gold reaching 18000$ area in the coming few weeks. I would appreciate any feed back!