Brotank77

Brotank77

Price has formed multiple bottoms on the lower trend line which has proven to be quite stable. As you you can see on the charts, the price pattern has started to form a wedge. The wedge pattern, the multiple bottoms, and price testing the 50ema, leads me to think this is setting up for a bullish run.

Brotank77

Labu is forming a double bottom. This sector has been bearish all year and should make a comeback. Price should be testing the 50ema soon and will make for a good set up.

Brotank77

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.

Brotank77

Looking for a break above the 50EMA. RSI is at 54 which is where we want it. A break above will confirm a trend reversal and this should go up.

Brotank77

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

Brotank77

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 ;)

Brotank77

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.

Brotank77

probably sold too early. Made 18%. likely to keep going up for the 30% back tested up momentum. Better to take the gains and not lose i guess.

Brotank77

UGAZ is testing the 50EMA. Wait for a break to confirm the new trend. Entering into colder months, may be a stimulus for upward movement. RSI is trending up.

Brotank77

Sector is very oversold. Waiting for price to break the 50EMA and then this will fly.

Brotank77

Broke the 50EMA. Flag patter forming. Looking for price to hold. We should see the bands switch to green . Right now this is considered a bold entry. Im looking for a conservative entry.

Brotank77

The SDOW is testing the 50EMA. We are near highs back in 2018 possible for a double top for the market. A panic drop could occur. Could play this if it breaks the 50EMA.

Brotank77

Wait for price to break the 50EMA. Natural gas should make a come back probably closer to winter. Price may keep to go down, but this should offer a good opportunity.

Brotank77

Big crash for this stock. Filled the gap. But it gapped down. This gap may be filled? good earnings. Retook the 50EMA but didnt hold. give it time to retake and this may start going back up.

Brotank77 Updated 

Price has taken the 50EMA and RSI is trending up.

Brotank77

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.

Brotank77

Broke the 50EMA, RSI is bullish. Volume is strong and it seems to want to go up.

Brotank77 Updated 

I don't remember if I made a post on this. But I am trading Mark. I have circled the day I bought and have drawn a line to represent my entry buy. RSI has had a strong up ward trend and price has bounced off the 50 EMA showing support . Price has really spiked in the last few days.