1. Nice divergence on the 4 hour chart with RSI hidden divergence that indicates trend continuation 2. 30 minutes chart shows multiple bullish divergence Good entry at 9.5 Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and...
Process your way. Have a great weekend.
see full chart at www.tradingview.com Gild Entry $62 area Target 1 $67 Target 2 $71 stoploss $59 Why this play? Trump used Gild's drug as part of his treatment, if he pulls thru with a full recovery. they will probably start pumping the news about this company and it'll finally have enough momentum to move back to the upside. What is Gild? Gilead Sciences,...
F/U from recent post suggesting the correction may soon be over. May well be over today. If this the start of a wave (3) consolidation we may get a short term reversal at 16.5-19.4. If this is a wave 2 of (3) the sky is the limit. Target from the RSI given in chart. Process your way. Have a great week.
Here is my best guess of what is going to happen. Using EWT: If we are in way (4) it should not go below the wave (1) level. If we are in wave 2 of (3) it could go below wave (1) but usually by not a whole lot. If you see the current down trend channel as sort of a bull flag you want to way till price action move about the upper down channel line. Notice on the...
SRNE Technical Analysis - Hold. The Trendline and EMA (with a length of 200) has been broken giving a signal of weakness of this Market. The idea is always to invest in the trend direction (bullish), but currently there are not a lot of signals to go long. If 7.5 USD level will not be broken in the next days, perhaps the idea is to go long, or, vice versa, if...
Downward wedge forming, and possible support line, will watch until either rides support and breaks upper trend line, or until it breaks below support and will watch until it closes to meeting point of wedge close
Technical Analysis - Hold - The idea would be to go long, but just wait the end of the price retracement before going long Fundamental Analysis: Shares of Sorrento Therapeutics (NASDAQ:SRNE) rallied on Thursday after the biopharmaceutical company said it would take action against an organization it claims fraudulently attempted to manipulate its stock price. As...
On the 15 minute chart from today you see a little triangle. If price jumps up out of this it may well go to the next resistance line at .618 around 17.30. This is at the mid line of the channel which can also sometimes act as a resistance point. IFFFF my EWT count is correct we may get a 3rd wave consolidation after this or possible this could be a top. So watch...
Nice "W" base. I would not be surprised to see if eventually get to 27. But: process your way. Take care. If you are profiting from these charts please let me know so I know it is worth the time to post them. Thanks.
Closing in on the bear market bull run! SPY broke past technical levels today, which means more upside to lagging small caps. Analysts from JPMorgan have speculated on hitting price targets of $20-30 since 2018-2019 and I think it will be now or never.
I'll be less fun with my write up since it was clearly not liked. Here's the chart. Don't use it for financial gains.