Neptune Wellness Solutions Inc (NASDAQ:NEPT) is screaming for a bounce opportunity and I think we can see some nice moves in the coming week. Go long on the break of Friday’s high. Daily technical indicators are in bearish zones but are beginning to show some signs of turning around. MACD and RSI are showing positive divergences by not falling to new lows. Keep...
TraderNoxtreme here with a quick $NEPT analysis per request,
Let's jump right in.
$NEPT had a bearish short term and bullish to bearish mid-term turn.
This being said we have a clear cup and handle formation for our May price action.
MONDAY will be KEY in determining what to expect in June.
- If we get a gap down on Monday the cup and handle pattern...
Neptune Dash has not been getting much of a multiple for crypto assets & cash under management.
4M Market Cap.
Nov 30, 2018 they had $900,000 in cash & $2.45M in #DashForCash.
24-36 months without contemplating any capital raises
Price target of 9c by the end of the week, which will be a retest of early April's 2019 ATH. 11c is my next strong resistance point...
It appears as though Neptune Dash is trading in an Ascending triangle.
With the momentum in the cryptocurrency space right now, especially Dash breaking out of an Ascending triangle itself recently, I'm expecting to see this pattern end bullish. Dash is likely to find support well above the ascending triangle breakout at around $98.00 USD.
Time will tell per usual.
A friend just asked me about NEPT so thought I would share that here too.
Watching a daily equilibrium here, Ideally the bulls need to hold 5.08 but were not convinced yet that's our daily higher low - 4.92 is the MUST HOLD level for the bulls. We've had a weak bounce so far on decreasing volume which doesn't give the bulls a lot of confidence. Our key range...
I expect this stock to bounce off solid support
$3.64, then a move north to $4.08 if there's good
volume supporting the move
By the way, I wish I would've actually money traded my other prediction, because it moved north as expected. I had my fingers in another cookie jar.
*Let's see what happens!!!
*DISCLAIMER - I am not a professional trader, these are...
There's a lot to say and I'm probably leaving a lot out but it's ok. I'm a big fan of the non-linear, circular thinking.
June 18th... 6/18... we are at the apex of our pennant from 20k. but what if our pennant's apex means nothing and the real apex is the Gann fan apex at 6/18? Refer to other charts I've done that have Gann fan crosses and planetary...