On average over the last 3 periods, NRG pulls back to the trend line every 28 days, which it just hit today. Meaning, if this is right, we should see a pull back to the trend line over the next few days or weeks.
I'm still fairly new at charting so take this with a grain of salt and do your own DD. I'd love to know your thoughts.
Historically this is a stock that can move up and down with big swings. Right now we're in a valley, but I'm fairly positive, given enough time, this will bounce back. I'm holding even though I'm down. I just hope the valley doesn't get much deeper because it's getting harder to see the next mountain top over the horizon.
Even by conservative estimates, if using the current channel is any indication, we should be still priced around 9.45 by end of next week, even if negotiations with AMC are stalled.
But, if they do get resolved sometime next week, I think we'll see a nice jump in the stock.
Either way, I'm very bullish on our chances here.
It's scary if these patterns are correct. The last uptrend we saw took place from around 12/6 - 12/28, a 21 day uptrend.
Our current uptrend has been going on for about 15 days. If you put a channel chart on it you can see that it still has about 6 days left before reaching a PT of around 4.10 and matching almost exactly the previous uptrend from...
Tuesday holds a big gamble for $TENX. Hopefully the overnight price hike isn't inflated due to the REV STOCK SPLIT just revealed late on 12/29. Either way, Chris Moody's RSI indicator still shows a positive trend line . I'm hoping for a push up to 0.59 on Jan 2, but it's going to be a stressful morning.
Huge thanks to @Avasreader for helping me walk through this...
I'm bullish on the idea that $BTCUSD will get back to $20K anytime soon but I do see a nice opportunity right now.
It recently broke below $12K which was a steal and I think it's got room to run to a resistance of $15,800 or possibly $16,500. Before that tho, we might see a pullback around $15K or so as well.
Looking at the last 5 days of trading, analyzing the pattern, and knowing their Earnings is in 24hrs - pretty sure this is a can't loose. Be careful though - sometimes there's a huge drop before the Earnings as well.