Also has hidden bullish divergence on the daily. Rising Aluminum prices, and growing demand for aluminum with the EV hype.
Looks like there could be a potential deep crab here. However, it didnt retrace all the way to the .886. This is also a good lesson in PRZ. The PRZ is almost never exact. That is why it is a zone, however it is consolidating here above the 200MA in the PRZ. Technical target long term would be the 1.618 retrace. However I would take profits around the different...
After breaking out of a bullish rectangle, FSM has broken out and run up (made some profits on that move). However, it is now entering the Potential Reversal Zone of a bearish crab. Conservative target is B and aggressive would be C. If I was doing shorts I would risk 5%, but probably would get out if it had momentum above the marked historical resistance. Up to...
There is a small, but evident ascending channel forming on this chart. If it breaks out to the upside that would be bullish. I would target long term, a measured move of the triangle height. Shorter term I would scale out at the resistances of 229 and 234. If, and only if, it breaks the resistance with volume. Not financial advice.
Looking at a bearish descending triangle that broke below the support line on Thursday. Could potentially buy puts here and target the gap fill. If youre ballsy you can target the measured move from the height of the triangle downward. Not financial advice.