Strong earnings release 2w ago Weekly NR3 Strong daily close on a down day, closing above 5ema
* Inside Hammer + NR7 * High Vol. last week, with price consolidation on lowering vol.
* Prices have been moving sideway for a few days * On lowering volumes * Consolidation after 3 consecutive break-out bars * April's High could potentially be worrying; certainly risky
B Signal on -4w bar followed by consecutive NR7 bars with lower highs; -1w bar has the rising 5ema support; Upper shadows are a bit concerning; Anticipating a pop beyond 38.2Fib. Saw the 14' year end high as the resistant level, rather than the 50%Fib.
B signal on -4w bar, followed by some sideway movements on decreasing vol. An entry off -1w High and Stop on same bar's low. Conservative target could be set at 119Fib, or a more agressive 138Fib.
$RIGP painted a rather strong bar today, with more than 2 times the average volume. Looking back at this past month, there were 2 instances of a short bull run that yielded a $3.72 and $4.36 rise, measured from Low to High, and each represented more than 20% increase. An Entry off today's high, with Stop set at today's low, will bring 2R profits if Price can...
A cup and handle formed over the past few days with price consolidation around $4.20 range. Coupled w/ ultra low vol. in the past 2 days, with an inside-hammer-like bar yesterday, today's Close had hoovered back to the Resistance line of $4.39. 5ma has just started to turn above the 20ma. A break above the Resistance line will hopefully create momentum for the...
Picked this idea up via Greg Harmon (dragonflycap.com). Instead of a Daily chart view, I looked at the weekly chart and plotted against the Fib from high in July to low in early-2013. - Multiple resistant points shown at the Fib. 61% - An entry is considerable if price breaks $74.40, Target at $78 even. - Unable to call a Stop yet! - Will continue to monitor...