Had a good Xmas run, it’s not had a true retrace as yet to confirm support from the parabolic run. Negative divergences on RSI and TSI 4 hr and currently back in the rising wedge after a false breakout north.
Im short for now but long for the medium to long term based on supply constraints and various other world and geo political events.
Rocket is about to take off. Look at this weekly volume and candlestick in relation to recent history.
This share is way oversold. IPOd at 500p and lost over 70% of its value from ATH due to untrue and inflated press reports.
The business is doing brilliantly
Set a tight stop loss and go long as above, this trade has a potential of a 188% ROI in a short period of time. THG due rapid bounceback based on Linear Regression model, it should surpass the mean hit resistance and fall back to the mean
Following on from the wedge drawn in my previous TA on THG. Its adhering to it almost perfectly.
Looks like the downtrend is over, this was always a smash and grab on retailers.
Well done to all who didn’t capitulate.
Strong recovery over Q4 should be what happens next.
Following on from my previous megaphone TA, the 4hr trades executed perfectly.
But todays price action now has me wondering if the 4hr timeframe was too conservative and we are actually in a 1D megaphone. Because we reversed ~$82.96. Closest term target price is now ~$76-~$77 dollars.
If this is the case then the touch points have changed and the megaphone is...
What happened to this share price is utter BS.
I speculate there was a plan here to short and distort this share’s price ready for a future bait and switch on retail investors.
I wouldn’t want to get caught out by shorting this stock, its already at its all time low. The upside is way more fruitful than the downside at this point.
Fundamentals for this business...
Following on from my last post.
Heavily rejected after Megaphone pattern after a false break on 5th resistance touch.
Playing it safe so target for my exit is midway, roughly $82.94 but it could go all the way to $79. If it passes midway with some conviction I may only take half the trade out. Got to play it safe when oil is in a new paradigm like now.
Clear megaphone pattern on the 2 and 4 hour charts.
The price just touched the 5th resistance point. On the shorter 5 min graph the price gapped downwards after passing resistance. Odd to see.
Could either rise significantly from here or its about to reject heavily with a target price around $80.
Covid is rising worldwide so I think upper price movement is...
Gap down on the daily yet to be filled, strong volume crossover on daily timeframe.
RSI strengthening on 4hour timeframe, stronger than proceeding bounce.
Hammer at the bottom of trend on weekly timeframe, should be a strong signal, possibly shooting past the gap of the course of the new few weeks.