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Fib

EVK "Fibbin" again?EVK hasn't been a stranger to big moves quickly. Nor has it been a stranger to the 382 Fib level either. Now the second time it's tested this area, EVK continues to fail to break and hold above it (as of right now). While there's still a clear uptrend with higher lows, there's a pretty important level that may be of interest right now which is the 50 fib line. It's in "no man's" land after today's spike and looking for some solid support is going to be important for longs. If it does settle around this level, it would be the first time it's established support above the 618 fib line in quite some time. We'll have to see how much follow-through, if any, is in play heading into August. "The main reason for this move comes as the China-based clothing supplier and retailer announced that it would be repurchasing roughly $5 million worth of its shares. 'We believe our stock is a good value, and the Board’s approval of this stock repurchase program is recognition of the long-term prospects in our Company’s intrinsic value and the undervalued price of our stock. Repurchasing stock underscores our commitment to enhancing shareholder value and demonstrates confidence in our business.' - The CEO of EVK, Mr. Yihua Kang. For some added context, Ever-Glory International is the first Chinese apparel company to be listed on a U.S. stock exchange. It offers several brands that cater to middle-high end customer markets. As a vertical company in this market, Ever-Glory is able to control all aspects of its day-to-day operations." Quote Source: 4 Hot Penny Stocks to Watch as August Turns Bullish
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by PennyStocks101
NVDA Short 200-202NVDA complicated FIB game . I can do it many different ways but decided to play with Projections and extensions . So In general NVDA will face resistance at 200-202 will go down to 197,5-198 . then will go back to 204-205.5 . Then if QQQ and BTC hold it will continue its Prearnings run and after Earnings if it rip up will go high --everyone discussed this levels of 215-235 , but then down big times . In case NVDA stop at 198 and face strong resistance i do not know it is not likelly but possible then you know in case earnings sell off look down 160 or lower
NASDAQ:NVDA
by mariyan15135931
1
Falling Wedge- BullishChinese stocks have been getting beat down for quite a while now ever since the last-minute blocking of the Ant Group IPO. A lot of negative investor sentiment around stocks such as BABA BIDU Tencent etc. fearing more regulation from the Chinese government. However, that being said, in my opinion- they are some of the only stocks in the market that are fairly, if not undervalued. Something that is quite hard to come by in a market that has thrown fundamentals out the window a long time ago. Will be watching BABA closely in the coming weeks, big falling wedge on its yearly chart in addition to nearing the oversold range on the RSI- will be looking for potential entries for some credit spreads and/or IC's as BABA has the tendency to trade sideways. Regardless, am bullish long-term. Just some FIB levels and RSI-based supply and demand zones to keep an eye on as well.
NYSE:BABALong
by jacobosiason7
Pullbacks - length of a Z shape pullback Fib Target Z Pullbacks are observed to indicate a price destination, at the exhaustion of the move, by using the Fib drawing tool. Taken from its top to bottom the resultant indication of the 2.6 Fib line gives a target price at the exhaustion of the move. Another rough estimate is to take the length of the Z and add that length twice to the top, the resultant length will be the target at exhaustion (same as 2.6 Fib). Here we see Facebook with two Z pullbacks and the resulting Target Price is the same
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by treviska