Starting a Swing on ACLS. Today 7/20/17 the market was to heavy on the stocks today. It is a perfect day to start looking for those tickers to confirm the Beta and see how correlated they are to the volatility of this market. My pivot points are $23.80 & $24.40, anything below the 13 EMA we drop. Getting in now below 13.06 VWAP. We'll see where we go. Happy Trading!
Next stop on AKBA $17.20. Even though the RSI is in the overbought condition, stocks tend to make their best moves in these conditions. Breaks the high of $15.88 and it is a great SWING. We are late to the party on this one. Happy Trading!
Great find on the day of the evening stars. After the Tech selloff it was a matter of looking at what candle was going to create the massive "Hammer". Eventually if you combined the three candles of the Morning Star Pattern, you get a big "Hammer". This one closed above the mid point of the sell of candle (~$24.76) and above the mid point of the IPO Opening candle...
Upper Fibonacci levels hold during today's session. Getting out of the Bollinger Band Squeeze with the upper band force (out of price consolidation). This could easily see the $62-$63 levels pretty soon (Ceteris Paribus). RSI in the 50's, $61 the next spot 50SMA. Look for the $59.61 breakout.
After 2 weeks of price consolidation $KEM is showing signs of reversal with a big increase in volume. MACD (checked), Parabolic SAR (checked), BB (checked), RSI (below 70 (checked). Big resistance on $14.45 to look for new highs.