I bought this stock for various reasons. First the stock has seen pressure since reaching its recent high of $18.72 on April 23rd. Last week it got close to touching its 52 week low of $9.30. This was a point of buying interest for me as I believe the stock was oversold and is due for another run in the right direction. The stock was selling off and riding along...
The chart speaks for itself. Just bounced on a support support near all time lows, while the business itself is still performing stellar.
Indicators looking good; small bounce from this point looks good, etc.
Some beautiful trades possible from this point.
Also! Definitely check out my two posts on the DAX index here below.
If you are a silver trader, here is a long term look at the ETF. I am neutral at present, as the Dragons belly has been pierced. Price can easily trade in a narrow range here, triggering stops at an alarming rate. Wait for a pierce (and hold) of the oceans surface (Dragon takes flight) before a long position can be initiated. Support and resistance levels are...
SLCA is running in a long upward channel. However it seems getting weak & it has strong moneyflow divergence.
Entry Target Criteria- Speculative entry at current price or Break of $49.93
Exit Target Criteria- $31
Stop Loss Criteria- N/A
You can check detailed analysis on SLCA in the trading room/ Executive summary link...
8-21 How's this for extended big picture wise. Reminds me of the old adage of:
You gotta sell your peanuts while the circus is in town. After all, once the circus leaves town who are you going to sell your peanuts to.
For informational and educational purposes only, These are not recommendations, trade at YOUR own risk.