Looks like the top is way behind us, volume fading WMA get croosed,
Support @ 1.40 becomes Resistance,
I think it will fight but wouldn't be able to break the 1.40, sellers seems to be in control.
There for, IMO they will be able to break also the support @ 1.35
Next support @ 1.30, this support is strong and have a lot more volume in it,
from the beginning of...
Was a nice day, keep the support @ 1.75 the whole day.
Resistance @ 1.90 , even that it break it for a moment
couldn't really hold that and goes right back.
Next session will not be as easy, a lot of new sellers stepped in as the saw it can't hold the highs.
In last hour of the day it tried to get to the new resistance @ 1.85 but failed.
It have to break and...
Was very nice move today, vol increased dramatically,
Shorts and sellers seems to be less aggressive,
BUT, yet couldn't break resistance @ 4.50 even with that vol.
Closed right below resistance.
Bulls should bring a lot of buying pressure @ the opening bell to break it.
If they couldn't make it done IMO the move will not last.
Next resistance @ 4.70 , to far...
Holding great support @ 9.00 even after aggressive decline on Thursday.
It reversed very nice on Friday (+7.67%) and IMO it going to give us strong Monday and breaking up this flag pattern.
I'd BUY @ 10.1 to confirm the breakout.
Next resistance is on poll high @ 12.00 and it can easily move there next couple of days, I'm bullish.
TECHNICALS
NTN Buzztime,...
Beautiful flag,
Need to break 2.00 to move on ant creat the next poll.
Buy after break 2.00 should be strong day.
Fundamental
W&T Offshore, Inc. (NYSE:WTI) after beginning at $1.95, closed at $1.97 by building up +1.55% in recent trading session. Most recent session’s volume of 2.37 million shares greater than its average volume of 1.12 million shares. The...
Can't see how it can hold those levels.
To much selling pressure,
Looking after breakdown to support @ 9.00 Tomorrow
And breakdown to support @ 8.00 on Tuesday.
Looking for RED Monday, all the way to support @ 2.60, Maybe lower.
Next couple of day looking for breakdown to 50WMA & bounce from there.
For long term perspective, highers lows, highers highs, Bullish signs.
For next couple of days I'm bearish.
Trend looks super strong.
Chart isn't showing any signs of weakness.
Consolidating around the high.
Looking after the break of 7.05 to get in.
If you want more confidence wait till it break the high @ 7.29
Looking for a a morning deep to support @ 0.38 for people to take profits from Friday and shorts to cover at this point.
Chart looks very good and IMO trend will be continue at least through Monday.
Long @ 0.38
Stop loss @ 0.375 when break support.
Friday was strong day, I believe it'd continue through Monday.
Hype&Shorts going to move this very high. At least to 3.4 in first 30min of trading day.
I personally would buy if it can break PDH to be sure the hype is still there and to let the shorts be squeezed and cover at those levels.
Very close to 52w HIGH.
Looks like it has a BIG resistance @ those lvls.
Tomorrow gonna be ride or die.
Long if break 0.86
Short if Can't break 0.86 & can't hold 0.80
Already Break PDH resistance @ 2.87 PM.
Very strong momentum!
Resistance confirmed to become support, at least4 PM
Looks Like short starting to be squeezed, momentum buyers comes in & we going to spike to 3's highs maybe even break it.
Some resistance pt's but looked like shorts start to cover.
Can see it at morning spike go to 2.85
If can break 2.85 , we can expect a major short squeeze at least to 3.20
Supports pt's:
@ 2.50
@ 2.40
@ 2.20
If can Break HOD @ 3.33
Next major resist @ 3.50
If can break, No reason why it wont go up to 4.00
If breakdown support @ 3.00
Next support @ 2.85
Momentum looks strong. I would go LONG @ 3.55 after break out was confirmed
