I like the MACD cross thats about to happen and yesterday's close over prior resistance at the .618 fib level ($8.44)
Breakout over 8.77 with some resistance at 8.91. First target 9.51
Bullish break and Back-test of the 200ma has opened up the chart
for a nice run higher.
Support @ $8.00
Targets @ $9.80 - $10.50 in the term.
Indicators bullish
Everi holdings really got my attention.
Great company with great fundamentals. I've been trading mostly stocks for the past 2 weeks as they have better volatility than crypto and forex.
Anyways,
here's the insight. Case of $8.
EVRI broke out of the short term bearish trend line at around $5. The high of the day was $7.19. really close to $8.
This is a retest...
NYSE:EVRI
keep your eyes out on this ones folks.
we are still bullish long term. that being said there been a dip in this stock as of lately.
we are at a "price action point" come Monday depending on the market we might break support I won't do anything as of yet I would let the market show its hands.
hoping it would drop down a bit maybe to around 3.90-3.70 I...
$EVRI is another casino play that has caught our attention. The stock looks awfully cheap and trades at just 0.38x sales, 0.7x cash, and a PEG ratio of 0.70. When the market rebounds, $EVRI will outperform. Furthermore, insiders have recently been buying the stock, which is always a good sign.
Everi Holdings Inc. provides technology solutions for the casino...
I see this one bouncing up early next week. As you can see it is sitting at the 200 EMA. It has tested the 200 EMA 2 times, this will be the 3rd and they are all in line with the trend line and upward channel. The short interest is below 2% indicating most people are thinking it is going up.
As you can see the top channel would be around $9.75-$10 depending on...
I really like this company so I am a little biased. I usually wouldn't add to a long term hold off of a dump, but you know, stuff happens. Assuming this plays out right, I will probably sell 3/4 of my position at the top of the bounce and keep the rest as a long term hold. Once this name loses momentum it moves really slow which is why I'm playing it this way, lol...
EVRI seems to be flagging. We would not buy it now, we would watch its intraday activity tomorrow. We would like to see a break of over head resistance for the entry.
* Trade Criteria *
Date first found- April 11, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Watching for breakout of over head resistance, possible entry at Break of $6
Exit Target...
Everi Holdings Inc. looks pretty good after a down trend and now chances to go higher in accordance with earnings. Nevertheless in the light of technical analysis the chances for down trend are quite high.
So, as traders, we need to be ready to both scenarios and there are our usual two plans:
Plan A : we need to wait until todays markets close to make the final...
