Solana is giving an impressive bullish pennant with decreasing volume.
Breakout could lead to quick gains - watch out.
I have an existing position in VIP real money portfolio. Might look to add further.
$PLTR provides a nice example of how AVWAPs (white line) can be used to identify support and resistance level.
In addition the price has also recently broke out of $27.5 resistance level (green line)
I expect further upside.
Silver is in a huge triangle formation for the last 11months. ? Bull flag.
Awaiting a break from this pattern.
Will it be up or down? I expect it to breakout to the upside. Let us see. Wait for confirmation.
Positive Divergence with MACD & support at 0.618 Fib level
Gap down yesterday and high volume,
Lots of negativity surrounding Govt. interference with big tech companies in their home country.
This stock is not in favor currently - great time to start positioning for contrarian investing.
Good company and solid growth and fundamentals.
I have entered long on $VSTO due to the fundamental and technical analysis as shown in the chart.
Stop loss has been trailed since. Price is moving as expected and is setting up a mini 4 day consolidation. I expect it to break to the upside and hit the profit target if the wider market supports it.
Gold has recently move above the resistance zone as published in a recent post.
Silver is following suit and testing the resistance zone. The next few weeks will show if this materializes or not.
I am inclining towards long position - but would like to see the confirmation by a clear breakout.
Gold is trying to recover. Still in the downward channel, now at a key resistance area as shown in the chart. Also has 50EMA confluence there.
Watch out for the action around this key zone. Can determine the direction based on breakout or breakdown at this key zone.
$APPN has given me nice 640%+ returns overtime. It has jumped >200% in less than a month 🤩
Nice retest of prior resistance and bounce above 50EMA prior to earnings and blast off post earnings.
Even if you had missed the bounce off the prior resistance, hope you caught the breakout of prior high which would have also given you a juicy breakout trade profit....
Great move from Covid bottom, then a big pull back.
Now it seems to be trying to resume uptrend following earnings gap up. Sellers came in on positive earning reaction.
If it follows through upside when buyers come in next week it could resume uptrend. Volume clues are encouraging. Lets see if price action obliges.
$BABA is a great company to be invested in for long term. Recently been on the wrong side with their government. This pullback provides a better entry price for long term. Chart also shows short term bounce set up, likely to move higher if broader market cooperates.