1. main scenario is retrace to $2200 then go upward to $2600.
2. if it holds $2350(current TL), it is possible to see straight up to $2600
My feeling is the former as stochastics/PMO/MACD are all going downward so healthy pullback is due.
I've been waiting for $50 entry however the resistance @$50.5 was very strong.
I upgraded my entry level to $50.5 - $51.5. Reward/Risk is good for #naturalgas #energy under current weak dollar circumstances.
ALGN used to be a very bullish momentum stock.
Now ALGN need to consolidate and regain momentum.
PMO shows negative momentum, but stochastics is bottoming out.
Keep watching if it keeps the Gap Up resistance.
GDX has 2-3 months cycle and current price is supported by lower end of the BOX.
GDX would rebound soon but Strong Dollar will depress GOLD and GDX soon.
Be patient for next short opportunity within two seeks.
UGAZ has been consolidating since 30th January 2018.
I'm closely watching when it turns to north.
Still some oscillators are showing weakness but Slow stochastics and price resistance suggests near term bottom.
UAA has been in long term down trend.
Now I'm looking at the possibility of reversal breakout.
- weekly chart touching the upper line of descending channel.
- daily chart is showing a gap-up with strong volume.
- UAA's down trend has been solid.
- UAA's fundamental is still disappointing in terms of growth rate of revenue, eps.
- However, short term...