Looks like we have a solid bottom on OGI. Assuming the bears don't sell at resistance and overall markets continue to show strength , OGI should rebound hard and easily retest the $3s and $4s resistance. About to break through short term downward resistance. Scaling back in and buying the dips. Cannabis is also an industry in Canada that won't be laying off...
Well, if there was any doubts that trading was much better than investing, this recent market correction certainly proves trading outperforms the investment "buy and hold" trainwrecks! Poor little retired investors who just saw their AC investments chopped in The chart I'm providing today is simple since I'm too busy trading that creating fancy charts. It's a...
TVC:SPX
Just a hunch, but is it possible that the markets have baked in a recession and we see a U-shape recovery. Of course, with 2nd quarter earnings to come out, the market will continue to react bearish possibly taking us around 1950. We should expect that the next 2 quarters will show negative growth in GDP indicating the recession everyone is talking...
EURCHF v-shape is going wild and accelerating,
This acceleration does not seem to weaken and we could witness a crowd FOMO in the next days
Then again, if this draws another engulfing green candle on the weekly I think its going to be bullish for few weeks
This pair has created a double bottom which I believe the long term trend is bullish. For the short term there is a tweezer top at resistance level on daily chart, also there is a wedge shape where price has broken below and so I think price will be bearish short term. when it breaks above the resistance I believe it will be a good long position after a retest.
Fear not Litecoin holders.. whilst you have seen a break downward in the price both in BTC and in USD value.. turn off the screens, enjoy your life and be happy in the knowledge that in a few months you LTC will be worth around $800 a share.. any attempts to call bottom at this stage by selling in hope of buying lower would be risky game.. but one which could...
Nations and states won't stop fighting and will always need security, so defense stocks are always an intriguing sector.
But let's focus on the short-term.
Raytheon has been hit hard with some bad news. Despite reporting good earnings on April 26, easing Korean tensions and anticipated delays on big deals for Raytheon's technology are among some of the...
Considering that the EUR is getting weak, and the CAD is getting strong, this pair is ready to go down due to economic strengthening and weakening. There is some strong resistance, and some boxes where the pair highly rejects the price. Wait for a spike in the 1 hour candle, and then a short position should be established. Targets go from the lighter lines to...
Google made the same pattern for the 5th time in a row after earnings reports. The price finds it’s way to a key moving average, earnings reports are due, then the price gaps, make a “U” shape, and finds it’s way back down to fill the gap. If the “U” shape plays out them building a short position near the top of the next move seem like lower risk with a higher...
