ETrades1

ETrades1 Updated 

PLUG currently consolidating in wedge for approx. 2 months with support found on an up-curling 50 day SMA. Uptrending its way out of a 5+ year basing pattern (this thing seriously looks like a Gold stock), the wedge is located just under major resistance, which is all of the congestion of the 2014 selloff from the highs. Theoretically, PLUG is in the Wave 3 from...

ETrades1 Updated 

Weekly breakout of 5 yr descending triangle. 2 PDUFAs coming: 6/18/20, 7/31/20 (www.biopharmcatalyst.com)

ETrades1

CEMI has found support at the 50% retrace of its move to 52 week highs. This is a Covid testing stock, was given price target of $21 on 5/26/20 by Baird (see Finviz) and stock has not reacted. Price now consolidates in a severe falling wedge. Given the angle of the wedge, a resumption of the uptrend should come with a steep upward slope. Price must reclaim the 50...

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INSG has pulled back very nicely to the 50% retracement, which was also the breakout level, after reaching its highest price since 2009. Currently consolidating in a bullish falling wedge, price has found strong support on the 50 EMA which means a potentially imminent resumption of uptrend. I am looking for the wedge breakout which I anticipate will occur around...

ETrades1 Updated 

I am looking at a break of the $2.60 level to confirm breakout. -Price tightening within wedge for 3+ months (depending on how you draw the wedge) and completing what appears to be the right shoulder of an IH&S. (The midline, as I have drawn it, fits very neatly). -Price has recently experienced bullish diverging of EMAs with recent strong support found at the 50...

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Stock consolidating in a nicely defined wedge (log chart) that comes on the heels of a C&H breakout. Bullish bias above $2 which was prior resistance level. I am watching for the 20 SMA (blue) to cross the 50 SMA (purple), and for the MACD to remain positive and begin accelerating. OBV continues to hit ATHs as price consolidates, another bullish sign.

ETrades1 Updated 

Price has found support at two prior longer term tops as well as the midline of a 4+ year price channel. More recently, stock has broken out of a downtrend and has subsequently found support at the $4 level which is where 3 very important things lie: 1) 50% retracement (not drawn on) of the move up from $3.05 to $4.95 off the 3/23/20 low 2) along a rising support...

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Currently trading in an expanding channel/megaphone pattern with a local wedge forming in the gap. I like the $25 - $26 area to initiate a long as that was a prior breakdown and breakout level, and at that price a wedge breakout and MACD cross should have occurred. Additionally, the 50 MA is setting up for a cross of the 200 MA at a very aggressive slope. If you...

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Price finding support above July '19 high. Strong momentum setup: OBV has set a new high, RSI showing bullish divergence while MACD has begun to accelerate. Very bullish MA convergence with 5 and 20 pushing through the 50 with upside trajectory. Notice prior move higher in late 2019 occurred subsequently to 200 MA support. Ideally I am looking for a breakout of...

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Price recently broke out of 10 month triangle formation. I am looking at price support atop breakout level @16.25 and the accelerating divergence of the 50 MA and 200 MA without the two ever crossing. On Balance Volume appears to be primed for a move higher without pulling back to 100 EMA and the MACD appears to me to be primed for a reacceleration as well, which...

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I am looking at consolidation above longer term support levels of $1 and $1.15. $1 had previously served as a massive resistance level and 1.15 was a prior breakout level, price has found support at those levels consistently over the last 2 months. Volume has noticeably increased since 4/28/20 as price has begun to recover. Additionally, 20 and 50 day SMA showing...

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Basing process began Sep 2014, exhibiting almost perfect symmetry, more recent price support found above flattening 200 Week MA (black line) and support found by On Balance Volume indicator convey upside breakout is approaching. Weekly RSI has begun to hold RSI 50 EMA and most recently the 10 EMA (dotted purple line, orange line is 10 EMA), which I consider to be...

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Maker of wide array of medical equipment seems to not have participated much in the Covid hype, my guess is it catches up. Why do I make such a bold claim? 8 months consolidation atop 200 day MA with 200 MA beginning to slope upward Upper trend of parallel channel now acting as support Shorter term wedge breakout has occurred (actually a little late to the party...

ETrades1

Bull flag consolidating above 200 MA. Gains digested on minimal volume, upside target is measured move of bull flag range. I would be conservative and take some off the table at $18.

ETrades1

Bull flag consolidating above 200 MA. Gains digested on minimal volume, upside target is measured move of bull flag range. I would be conservative and take some off the table at $18.

ETrades1

Reasons I'm buying 1) Upside breakout from channel/bull flag that began forming Aug/Sep 2019. 2) Convergence of 10 EMA (thin, black), 20 EMA (blue), 50 MA (purple) 3) Attractive entry point with pullback to 200 MA after 50/200 MA cross Jan 19 4) RSI breakout (15 Day RSI with 60 day EMA) Long TLT via TMF @ 28.06/share (3X Bull ETF)