New Daily Box for NASDAQ:ERIE with EMAs at the test during a bullish wave.
Looks like a lot more downside is possible. Play it for a dead cat short-term if you're bullish.
ERIE broke its recent upward trendline today, creating a short trade possibility with a small risk and high reward. Factors leading to the decision: Major trend is down Minor uptrend looks like it was a relief rally, and price broke below it in the past 3 days 20-ma was recently lost, pulling moving average traders off the sidelines The recent high fractal...
ERIE's chart seems to work on overbought levels. The chart mark the levels where the RSI is overbought, and when it goes back to under 70. Using these as signals have worked well in the past; of course past performance is no guarantee of future results; and Implied Volatility is over 400% higher. OBV has stayed in its upper channel ( Bull ) 200sma is working as...
History of beating earnings, near strong support, about to have a bullish crossover on weekly chart.
TECH STOCK GONE PARABOLIC STRONG SELL, $168 BUCKS HAS PROBABLY ANOTHER -20% TO FALL IN THE SHARE PRICE, WHERE SUPPORT PRICE WOULD BE AROUND $126 BUCKS A SHARE.
I haven't seen a chart like this. Overbought conditions tend to go to extremely high levels. ( RSI<30 oversold & RSI>70 overbought). Technical Analysis: I see a positive divergence between the bull rally from February (marked in the chart) and this June bull rally, is that the OBV is 50% higher! RSI(10) @89, last rally ended on RSI(10) @94. Check out...
1. Market is supported by long term trend line on Weekly Chart. 2. RSI rebounded from support zone, which corresponds to previous rebound from trend line support. 3. Break out of consolidation phase, now trending higher. 4. Sharp price rejection at 120.00 level, which is a 50% Fibonacci retracement level Conclusion: Bullish trend expected to continue to...
ERIE appeared on our breakout list today. It is not a stock I would normally consider as it is not an S&P500 company. Volume is low, which makes liquidity low, and difficult to trade in the UK. However, I like the look of the chart so thought it worth analysing. ERIE trended well until consolidating from 2011-2014. There were a couple of fake breakouts in 2013...