As noted in the latest video update for week ended 13-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), RBL represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. Depending on risk tolerance, stop loss for the trade would be the...
1) runway gap in chart
2) 435 to 530 range of the stock trading from last 94 session
3) stock enter new stage
4) stop loss of 525 or below this level and target of 820 but one sentimental resistance in stock 600 level
5) SMA 20 495 , SMA 50 489, SMA 200 346
6) no recommendation for the stock buy or sell
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you...
Slightly after earnings Fortinet Gapped down. Which are my favorite kind of stocks to trade because 9 times out of 10 Gaps close.
Fortinet had many analyst reiterate Bullish price targets some up to $70. I'm looking for a retest at $60.
Forecasting out to nov 2nd. The next earnings should be interesting.
Williams, MACD, & RSI are all showing Oversold in this...
Scotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80....
RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50.
Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on...
Looking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50.
On the run up it rejected the 6.50 price and came back mid day to...
NVDA's gap up on a stellar earnings report should NOT have been a surprise, as the chart has been showing strength since January when I mentioned it in my Morning Reports. It was completing the bottom at that time.
The trend upward was showing pro traders in control of price after Dark Pool quiet accumulation. It has 64% of the shares held by institutions, which...
So what are the odds we reach around .4 on MIRUSD as it comes out of its 12 month downward wedge, possibly beginning over the next few hours? I am 'guestimating" between .42 and .32. What do you think will occur?
As you can see in the chart, natural gas had a big downside movement for the last months. Now It looks like the bottom is printed so I will consider entering a long here with targets 3.11$ and 4.69$ .
You can see apart from the Bullish Divergence that It is starting to show a lot of strength, you can observe a gap-up between 2.314$ and 2.415$.
For the buy...
