Freeport-McMoran is attempting to break out of a bullish wedge pattern. There is a lot of options activity in this name with the February 21 $14 and the December 13 $12.50 calls. Note the bullish divergence just prior to its recent bullish move. We want to see the stock hold above the break out level. If the price can hold I am targeting $13.90 as my initial price target.
The stock price created a bull flag pattern, more visible on the weekly chart. This is the daily chart which provides a zoomed-in look as the price has consolidated following its flag breakout. Now that the bullish momentum seems ready to continue I have labeled my three potential price targets I'm aiming at. Note the lack of established volume above the current...
The market gapped up again with the bulls still in control easily allowing the price to move past the three established price targets. Once again, let's see how far the bulls want to take it.
The market has respected the gap up low from this morning as has continued moving higher today despite the random China news coming out. The price is nearing the first price target. I will take some profit before the market closes just due to the stochastic being overbought but this market does not want to be stopped. May begin seeing a bit of a pullback in the...
The stock is exiting an oversold condition while having held a +50 RSI level & respecting the rising trendline. A couple of price targets have been labeled.
The CP daily chart is breaking out of a bull flag pattern during today's session. Seems that a lot of charts have been forming this pattern lately, a very bullish sign overall for the market. Note how price is beginning to move above where there would be much volume action. Let's see where this stock closes today & if there is any continuation in this breakout.
The third price target was hit on the market open from yesterday's 1-Hour chart analysis due to the gap up at the open. Let's see how much farther the bulls want to take it.
The Russell 2000 ETF has seen a price run-up since early October as it emerged from an oversold condition. The recent pullback has created what may be a bull flag (magenta trendlines) that is close to breaking out. The IWM also seems to be gaining some relative strength vs the SPX which should bode well for this ETF gaining in price. Upon further evaluation of...
This is not a great stock or a great company at the moment, but the stock may have bottomed for a period of time & seems to be trying to get out of an oversold condition. For those willing, I have three potential price targets but I am not expecting a great bullish breakout, just a bit of a bounce unless the stock proves us otherwise.
Fans of Disney are excited by the debut of the Disney+ streaming service tomorrow (I'll be watching The Mandalorian) but a bull flag seems to have been taking shape on the weekly chart since March. We have to see if it can break out of the flag pattern or if it needs another bit of consolidation first. Also, notice how the stock has found support along the 200-day...
Netease remains undervalued even after its recent surge. Its Equity StarMine rating is still sitting at 9.8/10, making it a high-rated stock. It currently looks to be to be cycling down to support around 262. That's a good buy level before a move up to previous highs around 289.65. Recognia's Elliott Wave price target is 299.62.
Patience is a virtue, XRP hodlers understand that statement. XRP has been in a massive downtrend since January of 2018 and no amount of news or announcements has been able to break it out of the downtrend. BUT, it has been in a slight uptrend since mid August 2018! XRP is strong, fundamentally speaking, and I believe it will continue to be a Top 3 blue chip...
Hi everyone, Welcome to another update on BItcoin. If the current short term bearish momentum continues, we are expecting Bitcoin to "cool off" with a couple of red monthly candles to bring it to its mean/averages, namely the 100 DMA or the 100 DEMA. That would bring $BTC down to the $7-7.5k area for a 35-40% correction. That would be very healthy for bullish...
From the Daily chart we can see a text book Double Bottom pattern emerge just before the breakout and continued uptrend begins. When we take a closer look at the hourly and 30 minute charts we can see two possibly three island reversals which make taking a trade extremely risky when a commodities price could gap down and leave us stranded. This will further...
Areas of interest are the Pink Rectangles, I'm notoriously told my charts give people seizures with all the lines/colors so tried to clean this one up. 1. Blue Fib is drawn from the bottom ($6) to the high ($1424). I repeatedly see Cryptos respecting Fibs that are drawn from the bottom to "Notable Highs". 2. Yellow Fib is drawn from $6 to $805 (The 2nd High)...
If we were to set new extensions from the latest lower-low before the throwback to the neckline of the inverse H&S´s and its following breakout, knowing volume is decently increasing as price moves higher, there are three main targets to watch as potential resistances for the rest of July and probably mid-August: $7,800 ´s where the inverse H&S´s target is...
Alright everyone lets dive in and take a look at whats happening with COINBASE:LTCUSD today! Well....to be honest its actually not that much happening lol Litecoin does seem to have worked itself into bull flag, but seems to have slipped below a relatively strong inside channel formed long before all the LCC fork craziness sent litecoin's price every which way...