Buy: 18.25 Target: 18.77 - 19.62 (2.85% - 7.51%)
There is divergence playing out on the daily, there is new divergence on the hourly, it is coming out of a downward channel and is currently coiling in a triangle pattern that is looking bullish. Looking for a move to the 200ma. Buy: 33.50 - 34.00 Stop: 32.30 Target: 38.37 - 43.18
Great coil over past 3 months. More recently the trend of higher lows has tightened. Today, on higher relative volume , it closed higher than it has in a month, and outside of coil I've drawn which shows downward trend of closes. Risk to below the new tighter trendline (.99), reward to 1.25/30 minimum based on width of recent tighter coil. In my opinion, based on...
$JCP daily looks bullish to me. Coil break to upside and retest of apex w/ a hammer candle. Heavily balance on weekly chart.
$MET broke coil to downside on daily. However, w/ the .618 fib touch, bounce, and break above the .5 and .382, could see a complete reversal here if we see a break of apex to upside, and still has major MA's above. Could just be a retest, but gap still open above wedge.