RSI has bottomed, MACD in an uptrend. Poking it's head above 30week MA with earnings on deck. If this stays above 30 week MA and closes week post earnings above 30 week MA this will be entering stage 2 with clear stops below 30 week MA for a great risk reward profile. This stock has been bottoming and forming a base for months.
Nice rounded base and coming out of resistance zones with a strong +6% day - DUOL , science based learning platform.
I like the AUG 115/120 debit spreads as I still am weary of this market pulling the rug. However a lot of individual names are starting to look bullish breaking out of bases... like Duol :)
Nice stage 1 shifting absolutely beautiful into stage 2 possibble pullback reentry if stop loss get hunted. Emotions IN CHECK. Rules are followed strictly. Always remember trading is a game of probability. A+ setups only.
Mosaic beautiful textbook stage analysis chart. Went into into Stage 2 and ripped from 15-20 zone to a high of 79.28.
Was this the "climatic top" and now going into distribution and stage 3 ?
As of now, MOS is barely hanging on to 30 week MA and flashing warning signs. Technically it may still see more upside and continue to new highs, however now trading...
Looking at the Monthly instead of the weekly the 12 month or 1 year moving average looks to be a great trend line that held in April, August, and hopefully now in November. The 12 month MA is sitting at $3.27 and the 200 day MA sits at $3.29, they should hold, and if they hold at the end of November, this will prove to be a great buy low spot.
Tell has a 20 month consolidation after the February/March 2020 collapse. Now the sector is breaking out and it is above the 30 week moving average at $3.34. You can set a stop below the 30 week moving average. I would be accumulating shares between the 10 week moving average at $3.47 and the September High of $4.27. Once it clears the September high it should...
NFTs are starting to get REAL hot in 2021. Will NASDAQ:WIMI be the king of NFT stocks in 2021?
We potentially have a Stage 1 base that formed starting in August of 2020 until January of 2021. Did we just see a retest of a Stage 2 breakout?
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Seemed to form a reverse head and shoulder pattern.
50 and 150 EMA are trending upward
In stage 2 uptrend. (see Stan Weinstein Secrets for Profiting in Bull & Bear Markets)
First entry taken when broke out from August highs
Second entry when it broke out of a continuation pattern
Third entry, breakout from...