Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at NASDAQ:ARBK ...
I believe this code is at a point of potential volatility.
If price can hold below $1.59 ... Bearish potential may be unlocked.
My key downside targets include:
- $1.19 (Conservative)
- $0.83 (Medium)
- $0.498 (Aggressive)
...
We have another BTC correlated stock in a descending triangle breakout. A back test of the triangle is underway and my feeling is that it could run if bitcoin holds steady or goes sideways. We are showing oversold conditions with oscillators swinging momentum to the upside.
According to the company itself it "ranks in the top tier of global mining operations,...
The last trade went great with hitting the TP as planned - I do however have a long term holding which I will continue to hold as an investment rather than short term trading.
ARB has seen a significant pullback since hitting that TP level but appears to be taking a much deserved & healthy break with it currently appearing to be retesting the 0.5 level.
If BTC was...
ARB has seen a recent surge with appointment of a new CEO along with the increasing interest in crypto which has seen RIOT, COIN & MARA all provide good gains.
Are we on for a surge to 17.50 once we manage a close above 12.50 or are the bears seeing this as a massive H&S to the death?
LSE:ARB
This is the same situation / idea as the RIOT long entry I posted.. clear S/R levels with insane R/R ratio. Would not be surprised to see the gap below fill before taking off - same as if Bitcoin comes back to collect the 200 day MA. I will add to these positions on pullback unless something changes on the MACRO timeline.
NASDAQ:ARBK looking to break a 597 day down trend...out of all the Bitcoin minding stocks sending right now.. ROI favors ARBK IMO.
The fundamentals that had this stock trading at $20/share are still there.. Bitcoin is the catalyst and with the spot ETF bonanza being lead by Black Rock.. this feels like a very obvious play.
Key S/R are obvious (under the moving...
Been waiting a while for this ...moving more cash into this for i believe its accumulation zone....trouble is on the books here so its a small feeler,will add more charts etc.. another day when not so busy
Bitcoin miners are using an amount of energy that doesn't scale as easy as the last run.
When price of Bitcoin goes up...mining becomes very profitable...but it is very hard to get in the game then....
These mining companies will be going parabolic...
* Obviously no financial advice
I have been bullish on Bitcoin for a long time and have posted a ton of charts on here regarding the bilateral trades with Bitcoin miners so this is part of that work.
$ARBK , $BTCM , $MARA are the main longs I am in and building positions right now.. the main reason is these mining companies are currently mining under $5,000 per Bitcoin so even if Bitcoin falls...
Hi all I hope you had a great Christmas with your family and here we are back to the charts! =)
I'd like to share my opinion on Argo and give an update to my ideas.
I used here a 4h chart (you can use the weekly and monthly one too) just because I noticed that the share price went down to 70 on the 29th of July and up to 202 on the 22nd of September and with...
- Argo's 5 year RSI support has been hit three times now and has already begun to reverse suggesting a reversal fairly soon.
- There's a double bottom on it as well which suggests a PT of £2.60.
- Furthermore, declining volume suggests a breakout of this triangle is likely to occur soon.
Wishing you all a great Christmas and a successful start to the new year...
4.5x in next few months? With btc likely going to 100k this next quarter , will argo follow suit? This triangle suggests a major breakout up or down now its hit support and resistance 3 times each. Declining volume suggests breakout soon
I don't normally do trendline pivots but this $ARBK IPO looks interesting.
Its been in a rising channel and:
* OBV pegged at high during recent pullback
* My custom "tightening" indicator (orange background shade), alerting for a possible volatility expansion soon)
In this idea I show you where are the main price targets for a long in Argo .
As previous ideas I've published ( check it out if you did see it before)
It seems we are currently in the accumulation phase of Wyckoff waiting for a push upwards testing the main resistance at 170 .
It's likely possible that the price will touch the others targets I've drawn ....
