BIGC has found support on the conversion line. An entry below 95 would be ideal if there are intra-day dips.
MACD may down cross, our stop is set below conversion line support.
Profit potential - 12.8%
Downside potential - 5.1%
BLNK is set up for a bounce off of it's daily support line. Next areas of resistance are the kijun (red line) and the daily resistance trendline.
On smaller timeframes, it looks like BLNK could pull back to the ~9.39 area. So I will set a limit order there and wait for a bounce.
Another strategy could be scaling or ladder buys here. Always plan your own...
IGBH had a volume spike yesterday, the average volume on this ETF is 419k. The large volume bar yesterday represents roughly 4 million of volume.
Maximum downside here is 2.63%, and the upside potential is 5.18% for a R/R ratio of 1.97.
KDP is oversold on the weekly chart in regards to indicators. The past 3 weeks/candles show us strong buying pressure at these levels indicated by the long wicks.
VWAP has settled under the price as support, and Q4 is typically a strong sales quarter for soft drink manufacturers.
Within the next week, the price action should break above the resistance...
HYLN took a strong dip today which was further amplified by the broader market sell-off.
Indicators have lowered are in oversold territory. Volatility is low at this level as conveyed by the RVI.
Price action tested it's first level of major support and has so far reacted positively to it.
An entry at the current level offers 3 target points with profit...
The current price action is closing below support levels and has selling pressure pushing it down.
Indicators are oversold, I would expect a retest of support at 10300 (yellow)
Smaller timeframes are not as overbought but the smaller timeframes are low on volume. If the volume does not show up at 10,500, the chances of a 10,300 retest are even more likely.
Disney has positioned itself for a test of its short-term resistance and long-term support.
With the new season of Mandalorian coming this month and an earnings release on 11/6/20 after the layoff of 28.000 employees, we could see some upside in the stock here.
Max upside here is 4-5%.
Max downside is 2%.
Note, if the market opens down and there is the...
I picked up IVOV due to it's unusual volume activity.
Possible volume spring could play out here over the next few days/week. (Yellow)
Oversold indicators, stochastic RSI breaking above last two resistance points. (Red line)
Small R/R of 2.
Max gain potential - 8.21%
Max loss potential - 3.77%
The R/R is somewhat stale. However, the technicals and price action indicate there if possible further upward momentum.
Currently, price action is sitting on support formed by the Kijun and Tenkan.
If price action continues, there should be a rally to the last high at the very least.
If price action breaks support, we can cut our losses at the previous...
High risk trade with this small-cap pennystock.
Huge R/R potential - Ranges between 2-7 depending on your price target.
Scaling in slowly with small position sizes is recommended here to somewhat mute volatility.
Profit target range - 29%/63%/93%
Max loss potential - 13%
Carvana has been on a wild run since it's lows of $30 in March.
On the current chart, we can clearly see the uptrending channel that price action has been following until the price abruptly rallied and went through a distribution phase.
This is the perfect time to "buy the dip" as they say. With our trendlines, we are filtering out the fast-paced rally....
Spot recently slid 20% over the last week. Currently, the price is at an opportunistic level for a trade.
Stochastic RSI has bottomed. However, the signal line has not risen above 20, which would indicate strong momentum.
Currently, the momentum on the daily chart is indicated on the price action of the daily candle by the long wick which hit a low of 220....
Chart says it all, oversold indicators, price action on the daily chart shows buying pressure at support.
Tight stops at 3.53% of buy-in with relative targets between 6.5-9%. Offering R:R ratios of 2:1 - 3:1
Re-test of long-term trendline.
Stochastic RSI bottomed out. Possible double bottom.
Daily price action making higher lows. Wicks on the past two daily candles show buyers are on the sidelines.
Q4 is historically strong for BBY. Good old Black Friday.
A break below the long-term trendline would signal an exit point. 5% downside potential.
Broadening formation, sometimes known as a bullish megaphone.
Price action testing the top bollinger band.
Oversold indicators with Stoch RSI conveying an increase in momentum.
Tight stops at 3.10%. A break below the megaphone would indicate a retest of the longer-term trendline.