I bought in at about $35 and of course the market became manic depressive lol. But, IMO this stock has strong upward potential and is getting some eyes on it.
Currently riding the lower resistance, if it breaks down then you can forget about what i said above ;)
Stochastic is about right for an upward reversal, rsi looks good however its trending down...
Obviously, the instrument was driven under the mirror level of 26.15 and now it is in the "box" between 25.03 and 26.15. Since the last bar from 21.02.2020 closed down and did not form an up-jamming under the resistance level, we can assume that we see the short player's actions. But in any case, we can start to sell only after leaving the channel...
I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is...
Price jumped from earnings surprise.Still the earnings were a loss and i think the general downtrend will keep going for some time(although it has lost some steam).
2.Strong mirror level (support now resistance ) at 25.7-25.8 level
3.200 EMA coming down
4.Stochasticks not overbought yet
So..R/R is good will put around...