FSR is shown here on a 30 minute chart on the move up in the approach to earnings on February 29th. For comparison purposes only TSLA is shown sideways with the purple line. FSR has started a VWAP band breakout into the area of the mean anchored VWAP where it could pick up institutionally based trader interest. The growing volumes of trading are obvious...
UROY basically sells rights to mine uranium for a percentage of the production. It is a penny stock in the nuclear subsector of energy which is undergoing a renaissance in this era of fossil fuel addiction detoxification in the context of climate change remediation agendas. The 240 minute chart shows a parabolic move in mid January followed by...
BTTR is up almost 30% since acquiring a Canadian company on Feb 9th. The news catalyst illustrates a momentum in growth. On the chart, since an excellent report in November, price ascended into a double top in late November and mid December then fell until the news catalyst on Friday the 9th. Another report is soon coming. I see BTTR as a volatile penny stock...
This is to follow up my previous idea on Groupon. On the 2H chart, price is in a one month sustained breakout from the volume profile and into the upper VWAP band lines both anchored for end of 2023. The faster green RSI line crossed the 50 about the same time and basically has not looked down. The slower RSI line has slowly risen from 55 to 65. This is in...
UBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom fashion on the following day. The relative strength indicator is in the 65-75 range and the zero lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup...
LCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 %...
PLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead. The uptrend has been solid. Two bull flag patterns are noted along the way. They follow pops on the Relative Trend Index indicator also showing bullish buying volatility on the Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my...
NKLA had a nice long test run of one of its trucks in California this month. It signed a deal for a 10-year hydrogen refueling. Not a big deal, but may be the first company to sell fuel along with its vehicles and get government subsidies along the way. The days of doing photo shoots of a prototype truck rolling downhill are clearly in the past. While...
CANO is shown on a 15-minute chart now set for a long position with comments on the chart. This is a VWAP band breakout with a volatility spike long trade. Stop loss is about 70 cents, targets are 70 cents, $1.40 and $2.10 for 33% each and a reward of $2 for every $1 risked. Options are available for one and two months expiration.
On the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022 putting in a couple of bear flags on the way down while first getting support two standard deviations below the mean anchored VWAP and then one standard deviation showing increasing strength finally crossing above the mean VWAP in May then with a retest and bounce in...
DLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways and maybe a little down for this past week which is par for the course given the general market. In the last trading day, price bounced up from the lower of the two Bollinger band set at 2.618 standard deviations below the mean basis band. The ZL MACD lines are upgoing and...
TMV on the one-hour chart tested two standard deviations above the mean VWAP in both late May and early July it fell to one standard deviation below VWAP but then rose sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high. I believe that this is due to the recent federal debt creditworthiness downgrade. The threatened...
On Friday the 28th SOFI had a good day. I am looking for more of the same going into earnings. It dropped through the middle VWAP bands and remarkably rebounded. Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band is normal and healthy. SOFI as a financial technology has been honing its margins in a challenging...
NVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over the higher TF RSI a clear and convincing sign of rapidly increasing relative strength. Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June and up...
AMC popped over 50% on the last trading day. So questions arise could include whether there is an juice left in the move? Are there short sellers now buying to cover to cut their losses? On the 15 minute chart, the parabolic move is obvious. The volume profile shows the highest volume of trading at 7.42. A typical end of the trading day and week fade is seen...
BUD trended down in the social media fiasco until June 1st and then reversed. Based on long term VWAP lines ( mean and standard deviations) anchored to April 1st on the one hour chart, BUD is crossing over VWAP lines from below and is now approaching the mean VWAP at 59.25. It could make a bullish move and cross the mean VWAP or it could bounce down if short...
PLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed...
NFLX has been trending up for three weeks. If the trend is getting old it is now showing. Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard deviation lines and nearly the third upper deviation lines. This is a clear and convincing VWAP...