I love the swing in this stock. I swings quite a lot, so there is tons of money to make of it. I think we will being heading back up to test 75, if it breaks, then look out 95.
I will set my stop loss close to the asking price since big drops have accrued.
Fingerprint Cards (FING-B) has in a long time followed the trend-wave. If the price has enough momentum to trade up and over the EMA 21-period and have a closing candle above the EMA.
A long position in the price of 15.000 and a S/L beneath the EMA. If the price can move up over the EMA, the bull-buyers will have enough strength to raise the price.
Notice the trendshift in swedish stock CLS with significant volume increase during last week closing on ATH last friday. Strong triggers in april. Keep an eye on this one!
I expect $SWMA to retrace quite a bit, it looks exhausted.
The steep rise from dec lows in correlation to world indices was coupled with low volume, looking for support at green zone.
Looks like we have a classic cup and handle formed.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the...
Hey, as you can see there is a huge divergence on the weekly chart. RSI has been going down while the chart continues up and now is at an all time high, I would be extremely careful if taking a long position and RSI has reached an overbought rating at 74 on the daily . I'll let the chart speak it self and go into a short position in the near...
I think this is what's happening on Amazon stock. SO I think we can expect another minor wave up to complete the five wave structure
Based on Elliot wave
