Price has broken above the Ichimoku cloud which hasn't happened in a long time. RSI bullish. First target around 1 USD pschological level. Long term target 3 USD.
looking for confirmation that seller are exhausted enough, so more price action is needed.watching weekly and monthly behavior atm it's building but would like more price data down here.
Hi folks, Yurii Domaranskyi here. Let's take a look at the chart.
We have a local low,
sharp approach to the level on daily and 5 minutes timeframes,
once the level was broken down, the price tested it once, when it tested it for the second time and a 5m bar closed above the level 5.70$ I got a position at 5.73 average
Potential risk/reward ratio = 1 to 5.1...
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers...
As you can see, this stock has been hitting a wall at the 9.00-9.50 range for over a year now. It finally broke out. First target is 12.50-13.00 range.
AKTS been trading sideways for over 4 months forming a #rectangle chart pattern with $9.40 acting as a strong resistance.
A breakout and close above that level could set the stage for a strong rally to chart pattern price target identified on the chart.
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AKTS D1 review: 30%/50% gains on sell side (STOCKS)
IMPORTANT...
Big inverse H&S is near breakout. Conservative investors may want to wait until a weekly close above the 8.88 neckline to jump in. I'm personally taking the break above falling resistance drawn from all-time highs as proof enough that AKTS is done correcting\consolidating. I may be early; DO NOT follow me blindly if your risk profile is different than mine. Note...
Hello Traders!
The price of Akoustis Tech. recently broke out of a symmetrical triangle pattern bullishly. The 50 SMA crossing over the other MAs with high momentum and the MACD crossing over the 9 EMA are strong bullish signals. The RSI is a good bit away from being oversold, so nothing speaks against the beginning of a strong uptrend. I suspect the 200 SMA to...
Hello !
Key points :
Significant zone : that confluence area around 7.00 seems to be kind of special, as you see on the left side of the chart, everything prices dipped below, buyers started getting aggressive and eventually caught up.
Bearish momentum fading : the downward movement seemed to be pretty strong, but again, it lost all it's momentum once that...
It can go up because:
1. The stock is in the channel. The support is around 6.95
2. Ehlers Smoothed Adaptive Momentum is in the green zone. That's mean that we have bullish momentum
3. MACD is bullish
Buy: 8.07
Stop Loss: 6.95
Target:10.31 (2R)
if you have any questions, let me know
Thank You
