Price has hit 50EMA and a decision candle has formed. Look for price to hold for confirmation that this will be a trend reversal. Still, even if not timed properly, this is a good price compared to what it has been.
CHK has been getting hammered. Double bottom has formed. The volume is 120M for an average 51M. Price has broken thru the 50EMA. Watch this take off in the next couple of days. RSI is 60 right now. Bullish set and trend reversal. Something is going on
Keep your eye on this ETF. Trading down right now. Looking for a strong break above the 50 EMA but it looks like it will first test a low from earlier this year and form a double bottom play. Don't buy yet. "the stars have not aligned yet for this trade ;)
Good price rejection candles that look like they are confirming the 50 EMA support line. Price has taken the 50 ema and RSI is strong. I usually don't like touching a stock with this high of a RSI as I usually look for 50-56 so as to give me some run time with the stock. At 67 this begs a little more caution.
Looks like it could be bouncing off a long term low trend line around this price range. Price has broken the 50eam several times and looks to be finding support. Waiting for a bounce to confirm entry. If it doesn't find support this could break below and keep going down. Lots of up potential on a fundamental point of view which could be a catalyst. RSI is bullish.
Formed a nice bottom. Looks like a cup and handle pattern is forming. I could see it spiking to $5. has not taken the 50EMA yet so I wouldn't put in a buy order. Of course it means missing some gains, but playing it safe is never a bad idea. Always more opportunities