AMD looked to possibly test the lower basis MA on the Bollinger Band in the $12.60's area. However, it has caught a bid in the mid 13's. In order to blow past resistance that has been tested 5 times so far. There needs to be MASSIVE volume and new buyers.
NAK has been trying to break out here for the last week but selling pressure after the initial pop to $1.60's quickly brought price back down. Currently price is at both the demand zone and basis MA on the Bollinger Band. Looks to be consolidating.
CLF had huge volume movement yesterday with the price breaking out to almost $8. Previous resistance is now acting as support.
Back tested all gap fills from November 2016 that were below $5 (chart was too distorted if I used the gap fills in the $15's. Target is anywhere from $2-$5 by end of year.
The last few days large blocks have started coming in. The largest block out of all was 150k shares within a 3 minute time period.
The last three times this momentum oscillator has signaled this overbought, oil corrected quite hard to the downside.
As the current price has been decreasing, the relative strength of CTRV continues to increase. This has also bounced off of a signal previously returning huge gains in the last year.
With yesterdays breakout to almost $8. It seems CLF is finding support here and consolidating with a inverse head and shoulder formation.
All volume in the past week has been noise with small amount of larger blocks coming into buy which pushes price up quickly because of the thin spread.
All indicators lining up here especially as volume increased drastically relative to the last few days. Target is retest of .75.
CYTX Setting up beautifully. Almost looks engineered. The cup and handle is so perfect as well as the Inverse H&S..
NAK Took a nice beating today back down to support where accumulation is currently occurring. Scaled in today in $1.60s.
SYN setting up beautiful after low volume selloff down to .61. Locked and loaded 115,000 shares at .607.
This shows GEVO very oversold on the Weekly Candle with an uptick in volume this week.
GEVO has been forming an inverse head and shoulder formation for about 2 weeks now. I have been trading/analyzing this stock over the last 2 months. This responds very well to gap fills. Last gap was .70 on Sept 7.
This market is relentless. However, we are entering a historically bad time of year for broad markets and with technical indicators looking like this, I have limited long positions.
Both AMDA and GEVO were both in a symmetrical triangle wedge that broke out after decreasing volume from the initial large pop in volume upwards. Chart Created 8/3/16.
It is hard to find something bullish about this chart. Follow A, B, C and you should be good!