NEGG is looking similar to the pattern it did before it ran 68% in a few hours on Nov 8th... similar pattern happening here and expecting a run within the week... next PT is 26. Loaded with shorts so can be a decent squeeze.
- $NEGG is in a Rising Wedge formationg, which is a bearish formation - The RSI is showing bearish divergence with diminishing volume - The 50 and 200 Simple Moving Averages are coming in for a cross -> Death Cross (Bearish)
wave 3 top. Wave 4 was finally completed yesterday. A 40% spike was followed by a 61.8% 3-wave pullback. Wave 5's target could be any of the fib extension above Wave 3 top.
If this retrace a bit more imma jump in hard NEGG tell me what you guys think
$NEGG is being short squeezed and it will probably reach ATH near end of trading day.
Inverse head and shoulders forming here? Upper reistance 20.55$ let’s goo
NEGG Seems to be in a bit of down trend. recently the 20 ma close crossed the 50 ma close which traders refer to as a “death cross” . RSI still on a down trend on the daily . No real clear indication of NEGG going bullish as of now. Can retail bring it back up or is NEGG just another pumpy dumpy? NASDAQ:NEGG
A very nice set up here, rally base base rally. level on level demand zones have a very high probability of working AND who doesn't love Newegg?
NEGG made a higher low earlier this week and is trying to find support on the the trend line from its previous 2 lows this year. On the daily RSI it's showing it's first green candle Retracement from $70 highs Needs breakout for confirmation.
Hello trader community. After a enormous run all the way up to the $80s, NEGG collapsed in the following weeks, loosing most of its gains. Looking at NEGG chart now, do you think the decline is over? Will the recent news about Litecoin help this e-commerce platform stop the decline and start growing again? Comments are welcome and please do your own DD when...
If it breaks 80$, it will fly! Price Target = 117.51$
Before its epic short squeeze. I posted a chart on GME when it’s price was $3. NEGG is much further along having printed a 1-2-3-4 off its all time low. Unusual option activities include selllers collecting huge premiums on July 16 calls. This could easily pull back 38.2% but I would go long after that. There is blood in the water.
$NEGG RS Ratio: 1/8 on 10/26/2020 200 MA breaking out of resistance, a few lower highs and lower lows with mirrored Harmonic pattern Golden Cross signal is Bullish Golden Cross: The golden cross is a chart pattern that is a bullish signal in which a relatively short-term moving average (MA 50) crosses above a long-term moving average (MA 200). ... As long-term...
Price Target = 29.24$ Thank's to @superiorJaguar24882 for this one!