The 120 level on ARKK continues to act as a very prominent level. What would you do? ARKK 120 features a prominent low volume node and now we have a chance to meet this level with the falling trendline that starts from the Feb high to the June 2021 lower high. Together these forces will meet and ultimately decision in the coming weeks. I'll let time tell me which...
Looks like some much needed bullish news came and really delivered and at a critical point too. The B-Word went well, as in it didn't sink the market further. Short of Jack Dorsey confirming accepting Crypto payments on Twitter. We hit the $32.2k resistance and as predicted in the channel we saw a rejection there - ideally we want to get back above $32k to...
wood good candle, rejection candle and then green candle show buying power. volume is big too and there is accumulation. EMA is close to each other. PLAN, WAIT FOR PULLBACK AT PIVOT AROUND 780 SL BELOW 720 TP 870 AND 970
WY classic fake out before earnings break out We need to consolidate after breaking all time high before we move higher. Yes timber prices are coming down but first they need to report all the earnings they had last quarter. we are not done with commodities pumping up - once gas goes up the timber goes up too.
As many of you know the price of real estate has been rising at an unprecedented rate. Along with this is also the rising lumber rates. - If you are thinking about buying a house; right now would NOT be an ideal time. - You are paying an inflated price for a home while also paying for the additional lumber costs, which are up 146% since march! Now many people...
Based off a possible fib channel and fib levels, we could see another wave up into $2500.
Longterm thesis remains short Near term may have more upside.
1. Fibo retracement 61.8 2. Mid BB 3. Support 4. Stoch oversold 5. Bullish Divergence
$BNGO Ready to breaks the resistance. If it breaks the triangle pattern, the nest level will be $15.
WY is 17% from all time high. Once we break through that we go to price discovery mode which means we go higher. My fried who works at a lumber yard says they have had a record year of lumber sales with more slated for this year. The green New Deal we will be using wood more this year than last to fix infrastructure. I see earnings rolling in and people will be...
This is one of the sector which has been going up pretty fast since the March low. It perfectly back tested the trend line as well as previous all time high from June 2018 perfectly and moving lower. Risk to reward seems pretty attractive.
Comparing the Lumber futures and ETF , watching the bullish moves and expecting it to go higher for the rest of 2020.
Hello Fellow Traders, Here we are looking at Conifex Timber Inc (CFF) on the TSX. This chart is pretty self explanatory. While prices have been moving down since 2018, we can see that some bullish momentum came in during June this year. On the smaller scale, we can see that a bullish falling wedge pattern has formed. On the larger scale, we can see a that a nice...
DOT has broken out nicely from the descending downtrend. It is now headed to approx. 4.82 USD resistance, which will determine if it can follow to 5.30 USD or will need to keep bouncing for longer. Good Daily and Weekly candle indicating reversal at least for short-term (7-15 days).
That indicates the trading of the fund has been superior. The concept of ARKK remains solid, however, investors should know that risk emanates also from trading skill of management. As the fund grows, trading for Wood will become harder. This is a satellite fund opporunity until the fund gets "too big." What is too big? Typically when the assets under management...
WOOD has found support at $56.69 so we are LONG WOOD at $57 for the long term hold.
Real Estate bubble pops or at least begins to break by early 2020