After breaking ‘top-side’ two (2) weeks ago, shares of BioCryst Pharmaceuticals Inc. (BCRX) continue to digest and consolidate the recent run into higher ground in a constructive manner.
As we can observe from the Daily chart above, BCRX appears to be building-out a Flag pattern that both investors/traders may want to monitor in the days/weeks...
Despite a challenging and difficult environment for Uranium, Energy Fuels (UUUU) broke-out two (2) weeks ago and is starting to show some signs of life.
While the Uranium sector as well as numerous Commodities overall have certainly lost the eyes of many an investor/trader, UUUU has caught our attention from a technical standpoint as well as having just...
Last month, we noted that Gold was finding the footing slippery and would have to recapture the 1235 as well as the 1260 levels in short order and if unable to do so, the window to the 1180-1200 zone was a viable possibility.
Well, Gold was unable to recapture both the 1235 and 1260 levels and, here we are trading within our noted 1180-1200 zone.
While Gold...
After fulfilling our noted measured move price objective at the 7800-8000 zone, and exceeding such level by a few hundred points/dollars with and 8500 print, BTC has found its way back to test its prior break-out level (former resistance now turned support) out of its inverted H&S pattern of three (3) weeks ago located at the 6900 figure.
While both...
A couple of days ago, we noted that in order for BTCUSD to get going and potentially make a move up and into the 7800-8000 zone, which was the suggestive measured move out of the inverted H&S pattern, that BTCUSD would need to clear the 7500 level and 'stick', which has now played-out in spades.
At present, while BTCUSD has met and achieved the measured move,...
Gold will need to reclaim the 1235 as well as the 1260 levels for starters in order to regain its footing. Should Gold be unable to recapture both levels in relatively short order, the door to the 1180-1200 zone remains open.
Developing.
$BTCUSD Continues to Flag while contending with large volume down bar (red) of 6/10/18 allowing 20 day SMA to play 'catch-up'. Move above 7500 that 'sticks', may 'trigger' measured move price objective out of inverted H&S 7800-8000 to play out. Should $BTCUSD be incapable of clearing the 7500 level and hold for a day or two, potential move back to 6900 support...
