Took a long here today after scouting random stocks. Weekly and daily showing lots of divergence with price action. R/r is pretty good here bought @ $6.45. For those who have seen some of my other ideas chart patterns like these are pretty easy to trade as your stop loss is easy to place see demand line below.
Because of my other plays, I placed some bull spreads and naked calls on PRLB to cover potential losses on another play I'm doing, OTRK. Playing some of these setups aggressive because it's more fun. I've shaved 60% position with profit and riding 40% for free which I'll trim even more or let ride.
Looks pretty good on weekly and daily, climbing up after finding the swing low. Above most lower moving averages. The short interest doesn't really bother me as I still believe overall the risk reward is so good here people will take their positions.
I'm long silver so this is biased information. Rates going up on bonds which is normally bearish for precious metals but I'm really thinking a move up soon. Few indicators showing bullish divergence. Globally inflation and what the government is doing in the us giving me some hope we see some relief from selling off gold
Second highest volume day since crash from a few weeks ago. Many indicators showing continuation move upward. Second pivot hit at $4.15. Room to go on the weekly as a cross will happen soon, 3hr and 4hr look really good as well with MA's coming up to previous resistance, could act as support from here.
Inverse H&S breaking the neckline or at least trying to. Watch vol pools for the past three months waiting for this setup. Moving avgs all crossing up 3-4h looking real good. Interesting time for this to happen before earnings w a gap fill up above.
Could go either way, I'm leaning bullish although low volume is worrisome. Price-wise, it looks to be seller exhaustion with some indicators pointing to a relief-rally, however big. I don't care about macro-events just looking at charts, I think buyers have some room here.
Not a big fan of this sector but Village Farms has a couple things going for it. OTM calls $9 and $11 got them for dirt cheap couple months out. Risk to reward for me is good with how I'm exposed on other options currently.
Very cool chart, accumulation and tightening price action at the end of a wedge. Some bullish divergence on some indicators also near previous support. I like using fib EMA's (9,13,21) and the 9 is really close to its current price at $2.21. With all of this info long play seems great here, by candlesticks alone we are breaking out of this current contraction...