Is that a W bottom it's working on? Not sure but risk reward here looks good to me. Looking for a move above 9.50 in the near term.
Interesting chart here. Hasn't been as volatile as the rest of the miners (see GDX post). Looks like it wants to stay above the downtrend line and starting to coil. I like this for an upside breakout!
This name looks like it came back to an important breakout area. We don't buy bottoms but this is probably a good place to start building or adding.
GDX hit breakout area today. Gold not that weak. Not sure who's leading who right now but this looks like a place to start buying or adding to GDX positions.
Looks like it wants to test that support line. Amazon foray into space sent stock down. Watchlist item for sure! Virtual doctor's visits sounds about right!
Been watching this for about a month. Looks like it is being accumulated. Sinking interest rates in 2019 is reason for rise this year. But if interest rates keep sinking and economy is slowing down can't see why this would gain traction. This hit $5 ten years ago when recession hit. Wouldn't want to a bad earnings report here. What do you think?
Charlotte's Web is KING in CBD space. Looks like a nice consolidation and now really oversold. Not sure if this is the start of next leg up but MACD and RSI looking favorable. Tried to get into next channel this morning but didn't hold. Pot stocks getting a bid today in general so not sure what to make of this. Feels like it got thrown out with THC producers...
See prior post of long term trend line held and doing work.
Been watching this one for a long time. Noticing a change in character over the last month. October's selling in overall market did not take X below the 10.16 and 10.17 marks hit during prior month which is basis for long-term support/breakout. Sector and stock just completely out of favor and beat up. RSI looks to be on steady slow course up. Gonna take a...
RSI and MACD appear to be poised. With all the macro economic uncertainty and a slowing economy gold looks like its's ready to party like it's 2011. An accommodative fed and trade uncertainty also help. Great swing trading vehicle.
Stock broke out of a long established channel and looks like it wants to test the breakout. Solid dividend company and one that should ride out a slowing economy. Huge international presence and exposure to rising dollar. This is a tough call. Weekly and daily RSI and MACD looking tired. Thoughts anyone?
Posted here last week about AAPL and it looks like we tested support on the uptrend channel today and bounced slightly as of this post. I think this will ultimately fail and that AAPL can't save the market. QQQ did exactly what we expected.
Struggling to stay inside the former channel. RSI looking long in the tooth. QQQ forming a clear head and shoulders pattern. Can AAPL save the market? They say so goes AAPL so goes the market. Tread lightly here! Last call on AAPL worked out pretty well.
Could make a case that more work needs to be done in this channel. Depends on politics, tweets and underlying market conditions. Not sure what camp prevails but this is a tough one right now.
A little more work in this channel and things could get interesting. Looks to be under accumulation.
SLV has had a swift correction to what may be the best opportunity we will see. Lots of work done in the channel below and I like things here. Either way these are add to or initial spots to start nibbling. One more channel max exposure!! Back up the truck!
Irrational exuberance is back. All time market highs. FAANG explosion!! Pot Stocks worth $5-10B on less than $100M in revenues. Overbought and relative strength readings on every sector screaming for a break. Apple's chart tells it all. The two year run from early 2013-2015, shows a well formed channel and a stock that played nicely in that channel. The...