I know a lot of people were following the NASDAQ:HUT idea, so I thought I'd give an update here. Most people are convinced the miners are heading higher here. I do agree, but I don't think the trade will be as easy as longing this move. With a rejection of this level, it sets up a move down to the lower support level around $5.59-$6.33. Once that level gets...
I know everyone is bullish BTC and miners here, but the charts still don't look great even after the bounce. I think what's most likely from here is that we sweep the lows before getting a sustained trend higher. We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the...
Bullish technical divergence can be found on the hourly timeframe, not recently only but also since the beginning of april..
As I had pointed out in my BTC idea, I believe we are in a distribution phase. BTC will pull the rest of the market down along with it. Where there is panic, there is opportunity. NFA.DYOR. Placed buy orders around $128. Can change, as PA develops.
Growth in China will buoy Global growth for at least the next year. Looking for an entry on the China trade is a smart move imo.
NWOG to NWOG looks good. Targeting equal lows. should be quick Refer to previous idea Tagged
The bearish momentum of Mara stock is expected to continue at least until the earnings date. On the daily chart timeframe, from the last lower high to the higher low, using Fibonacci retracement, we can see the golden zone of the pullback extends from 0.50 to 0.68, suggesting that the downtrend may continue. A second confirmation comes from the RSI, which is...
Fundamentals: Eagle Point Income Company (EIC) is not a super stock, but a solid monthly dividend payer. The dividend seems stable, and the outlook of the company is stable. Eagle Point Income is a closed-end investment company whose primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. ...
Comparing SPX on the left with UVIX on the right. If UVIX double bottom can hold price above 8.37 and SPX can break below price of 4953.56, I find it highly probable that the top of equities is in. If UVIX at any point breaks below 8.37, then any breaks of SPX below 4953.56 would like be dip-buying opportunities. If UVIX breaks below 8.37, then it is also possible...
going over our main stocks looking for clues as to what the market wants to do. going to do a review based off the hourly chart for our main focus group daily now after lunch.
Having Ocugen shorted has been one of my finest deals deals this year. I was lucky enough to stay short until now. But now I think that it's time for a correction. Not long ago there was a lot of buying phantasy among analysts and dealers. They have been disappointed. What is the situation now? I think that the market is almost clean now. Disappointed traders...
Well its about time, the news we've been waiting for is here. Hold on tight.
PYPL has had a great past two weeks putting in 7-9% gain. In the past week however, that momentum has stalled. PYPL has printed a head and shoulders pattern. The predictive algo of Lux algo suggests a reversal here. PYPL has been resisted on the higher price action by the second upper anchored VWAP band. The H & S pattern neckline is about 63. The...
MicroStrategy has potentially printed a Head and Shoulder's Pattern. Switching to a Simple Line Chart reveals the Pattern. However the patterns are not always correct at 75% Probability. So there is an option for Invalidation and a Reversal. The Chart Study should be self explanatory. You can also drag the chart to see higher FIB Levels. As always, please get a...
Currently sitting @ 3.35 with high volume. It started early in the day at around 3.00, but the actual Alpha candle came at around 3.28. Upside potential is around 4.00.
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including: 1) You know why.. 2) RSI resistance breakout. 3) Multiple oscillators print positive divergence with price action. More or less all of them. 4) No stock splits. 5) Some other things,...
this pop from premarket has continued after the bell, and the next level im targeting is the POC near $1.87 according to market structure and value gap.
Amidst a challenging industrial landscape, 3M Co (NYSE: NYSE:MMM ) emerges as a beacon of resilience, surpassing profit estimates in its latest quarterly report. Despite headwinds such as slow sales and inflationary pressures, the company's strategic initiatives, including price hikes and cost-saving measures, have propelled it to success. Strategic Adaptations...