My intuition and dream world is opening up it seems and I'm getting dreams on the weekends about the market.
It happened a few weeks ago with a dream /ES ripped up super fast, & that MRNA would go up 10% on earnings. They went up 15 &, of course, indexes had an insane move up.
My dreams this past weekend were about the pattern on /ES for the year (allegedly) and...
DQ - Mar 20, 2024 — 10:AM EST
1. Bullish divergence noticed on the Daily timeframe has started playing.
2. Bearish trendline has been broken.
3. EMA50 is also broken and its trend changed to upward direction.
4. EMA200 has been tested but not yet broken.
5. On Fib level, price has retraced to 38.2% level and show slowness in bearish momentum, signaling a probable...
DQ has finally breakout from its bear trend
Next step is we need confirmation that its a bullish breakout , it should retest the descending channel resistance outer line which should now become the support
Once the retesting is confirmed entry can be made around 27/28 area
Entry @ 28
SL 20
TP @ 36
DAQO New Energy is a Chinese company that specializes in producing high-purity polysilicon for solar PV applications.
Trend Reversal Inc. Keep an eye on this one.
Previously, I said this would be a slow bleed to death… it is bleeding critically now.
32 support was eventually broken and every shred of bullishness GONE.
Technicals are clearly bearish, and it’s NOT OVER.
Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case.
This was...
Quick update for a good friend…
DQ as said previously had a downside target of 32. It’s slowly getting there, and surely too. But at this point, which the technicals are showing some beginning of a bullish divergence, I’d dare say that there is one more spike down below the orange line before it ends. Still possible for 32…
And then if and when that happens,...
6 months ago, 32.20 was the critical support called. A slow bleed over the last 6 months saw little upside move and a slow bleed downwards. The technical indicators are admittedly not as bearish as I thought it might be.
DQ is seen to head further down, visiting as deep as 32, but not likely crashing further, particularly where the MACD is building a bullish...
A bit ago, a good friend asked me about DQ. I was not familiar with this (new) energy company, but was just looking at pure technicals. Had a heads up that if a support level was broken, there would be further downside. Needless to point out. It happened, worse that I had expected.
Now that December is over, looking at the monthly chart bodes very badly for DQ....
Bounce back to supply Zone, Zone Confirmation
Trendline break
Earning: 8/09/2022 Est. 6.54
Short 67
Stop 74.5
Target 55, 35
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Bullish Indicators:
Gap up at open on 8/26
MACD crossover
ADX D+ crossing D-
OBV crossing 20EMA
Force Index long & short term positive, short term most recently
May pullback and test the .5 fib level before moving higher.
Target: $77.09
In this video I go over the stocks on my watchlist, list levels I would like to see a reaction at.
Also I name the 2 stocks that could be movers in the coming weeks.
$DQ setting up around its 50 MA after a base breakout.
The 3 distribution days (red bars) on the far right of the pattern gives me pause. Other than than, she looks good.
Bullish
Fundamental
- High inflationary Macro environment / No fear sentiment
- Funds Accumulation
- Positive PE
- Positive PEG
- Positive P/FCF
- Top Sector / Industry / Leader
- As per CCP direction on carbon neutral and global effort to have renewable energy theme
Technical
- Momentum Theory Indicator - broke out down trend and broke out neckline...
As per the chart -
Buy on daily close above tight price coil as highlighted.
Confluences -
Price broke above long running downward trendline
RS showing new 6 month highs
Annual EPS +168%
Low Debt
Last QTR EPS +528%
Last QTR Sales +400%
New Polysilicon product facility opened ahead of schedule
Strong Relative Strength of Chinese Stocks
Rising...
Bullish
Fundamental
- Positive PE
- Funds accumulating
- Strong SMR
- Strong grp RS
- Top industry
- Leader in its sector
TA
- Momentum climbing out from the woods
- Falling wedge
- Broke out downtrend
