GLYHO is arriving at a very important area, pink square zone. Probable support and resistance are marked with a green to line and a red bottom line. For the moment the trend is clearly an uptrend one. However, the market has already tested an upper point which as resulted in a strong downward pullback. The trending blue line has been holding the price...
The COVID-19 is pandemic and not epidemic because it touches all continents all around the world. It is exponential ant not gaussian because there is a second wave in a lot of countries. But maybe the first wave never stopped, and we are testing more and more people. Maybe the curve with continue to grow but start to flatten, nobody is able to predict the...
TVIX market has changed and now ranging. We have seen the market testing the top of the range and the readjusted top red resistance line. The former dotted line becomes now a support. This new configuration increase the probability of seeing the market passing above the resistance downtrend line. Where, an entry for a long direction trade will have more chances to...
Watch carefully because is the key. A lot of mysterious symbols on chart. So... buy/ sell as you wish this suggestion give you a full of prosperity dish.
Telegram @RichDadBre For any questions!
AMC has just broken out of a 18 month downtrend channel and it's about to test what looks like a Cup & Handle / Breakout Triangle. Added a small position at $5.17, and will be adding more if it stays positive after the earnings (in 2 days)
CAKE is one of those beaten down stocks that is still lagging behind the rest of the market. I don't think this "recovery" is fundamentally sound, but if RUT & SPX continue to go higher towards the ATH, CAKE might catch up as everything rises with the tide.
I think oil is not healthy and not environment friendly either, but still can be a good investment, at least during these times after a collapse that we experienced because of the lock downs. So, we can ride the recovery. The outlook here is not only the "fill gap". Reaching $1.49 is not the end of the story. More likely an ABC correction could follow after...
Expect a significant appreciation in price leading up to the upcoming poster presentation of Phase 1/2a data of VBI-1901 in Recurrent GBM Patients at AACR virtual annual meeting.
Hi guys, here's a small update on LIGHT (AKA Philips Lightning). As we can see the bullish trend is now retesting the exponential growth curve that started around 15th may, this is where the recovery from COVID-19 started. Since we don't have a resistance layer there, things might turn out positive for us. But we can't be too naïve and therefore not calculate any...
It's too early for me to enter into a position here, but as WIN219 mentioned in his recent idea, an obvious Adam and Eve chart pattern is forming. If $2.36 - $2.40 price level holds up and the pattern completes, I will open a long position. This might be a great buy opportunity if the chart plays out.
USDCAD has been tening down for some time already with more than 600 pips. 3rd wave down looks to be completed and potential recovery might be on the way soon. CAD is a bit laggard currency this week, not quite following risk on and commodity currencies rally by both currency and secular performance. At the same time USD is under huge pressure, but coming at very...
Thanks for your likes and shares! Much appreciated! _____________________________________________ The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade. The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If...
Plan accordingly! SPY over 300!
Chart says all. This recovery in bear market will be longer and more volatile by far than the 2018 minicrash V-recovery. Historically, most bears follow a WXYXZ path, with second X weaker than first, a lower high. The Z leg might be at or slightly above the 23 March low; a 5th wave extension could push it down to 1.272 x wave 1, to carry index around 1770. The...