Vroom is forming the potential patterns for a reversal.
Two weeks ago, we had a weekly hammer bottom, generally a reversal signal
The next two weeks, we've seen higher lows and higher highs indicating continuation from here is possible.
DM has been hammered down for 8 months straight after spastic new traders bid the price up ridiculous amounts in the Dec/Jan run up.
Since then, the price has continually suffered as investors are unable to take the emotional pain of the drawdown on their positions and cut losses.
Stochastic RSI is forming a double bottom. RSI is curling up. Volume could be...
Price action shows a near-term double bottom forming(yellow arrows). Price has reacted well to the current support zone.
If we continue to get bullish volume over the next couple of days, price action should be able to break above resistance at the conversion line(blue).
If the price fails to break through the conversion line (blue), expect another test at the...
Ready for a pop, tight consolidation, insider buying, newly public, was most likely missed during the December GME frenzy.
Yellow is buy
Green is take profit
Red is sell
Buy spread = 10%
Max loss = 18%
Max gain (T2) = 40.7%
CLSN price action has had strong bullish volume on the move up.
VWAP and the conversion line are acting as support for the current candle.
You can see the last time the VWAP upcrossed the conversion line, we saw a massive breakout (yellow circle)
R/R ratio here is 2.78 with 25% downside and anywhere between 25% to 97% depending on where you choose to place...
CLSN price action has been consolidating on the weekly and making higher lows.
Volume has been bullish, as we know, volume precedes price action, and indicators show strong momentum.
R/R Potential of 3.8 with 20% downside and 75-80% upside potential on a strong breakout move if supported by volume.
Price action has been moving sideways in a support zone. Volume has been dropping off. RSI indicators showing another possible leg up here.
Broader market sentiment and virus fears present a risk to this trade. Negative market sentiment could cause continued selling. However, the risk profile is still a good one.
Price action is forming a rising wedge, the stochastic RSI has bottomed and is turning over, the RSI is still at a high level which tells us the price action has room to rise, and the momentum is strong.
MACD can be ignored on this move because it's such a slow indicator that it won't help catch any moves here other than being able to confirm a broken uptrend....