I've modified my descending triangle from yesterday's post,
This triangle still needs to be confirmed. May not be bearish just yet.
Need to break resistance line 1 and resistance line 2 prior for a possible run south.
SP could see 2730$ if my reading is right. So be careful. But i'ts only money!
Have not published in a while. Here we go again.
RVLT ascending triangle with diminishing volumes. Bullish figure. May break north anytime.
Goal is 1,93 to 2.01$. Great ratio.
Could go higher is Q4 earnings are in the 27-32M$ range
DGLY is currently in a down trend that made it fill the Sept 2nd gap.
It currently has 2 major opposing patterns.
RED: Descending triangle, continuation down trend pattern, not confirmed. Must break RED C-D for confirmation. Target is 3,63$. It also corresponds to August support line.
PURPLE: Failing wedge, reversal pattern, not confirmed. Must break PURPLE C-D...
Sign of reversal with bullish candles.
Morning star pattern showed up last week (not confirmed) and an additional Bullish engulfing candle is currently being built as the day moves on.
Could be reversing to an uptrend soon, waiting for confirmation of candles.
Target is 98,527$ short term. Could go higher and continue up to 2013 summit.
VOO is currently in an ascending triangle figure with lowering volumes. Figure not confirmed yet. Needs to break resistance line B-D to confirm.
At the same time, we just had a bullish engulfing candle 2 days ago that was confirmed by a Doji yesterday.
Once we break the resistance line, target is 195,10$.
RVLT has been on a continuing downtrend for 6 months.
Three Bullish candles in 7 days is telling us that reversal to uptrend may be at our door step.
Today, the bullish engulfing was a strong one with low volumes. Low volumes usually equals down day for RVLT"
Will see if it confirms within the end of week. Lots of longs hoping for this.
EFOI slimb high after news of a big contract last week. But profit taking has been taking its tool on the previous up trend.
A bearish piercing candle, confirmed, appeared on Friday. This reversed the trend.
We also had a gap up last week with the good news. EFOI is currently on its way to fill this gap.
Target no1 would be to fill the gap first, but this leads to...
CREE, similar to RVLT, has been bear for quite some time now. The down trend is an evidence and has been for weeks.
It has now entered into a failing wedge reversal figure (not confirmed yet).
To confirm the figure, CREE must break resistance line B-D.
It also had a bullish piercing candle last Friday. Also not confirmed yet.
Both Stochastics and RSI are in the...
Descending triangle, not confirmed yet.
Must break C-D line to confirm.
Two Bearish engulfing candles last week only, after a very
small trend up.
Stochastic is close to oversold.
SAR will reverses probably tomorrow to a down trend.
Feeling good about shorting this,
Target is 2,04$.
MCD has been in a failing wedge downtrend figure lately. This figure is not confirmed yet.
To get confirmation, we need a good break through B-D resistance.
MCD also had a bullish engulfing candle, confirmed on Friday.
RSI and Stochastic are neutral.
SAR just reversed to an uptrend on Friday.
I will go long on this one on monday if price is still decent.
Target is 100,86$.
MSFT is showings signs of reversal.
Ascending wedge with descending volumes. Not confirmed yet.
Must break support line C-D to confirm.
Also has a Doji/DragonFly candle and a Bearish One Black Crow candle.
This last candle is not confirmed yet.
Stochastic is ovebought, and SAR may switch directions within the next few days.
Target is a short down to...
TWTR could be on its way to a down trend. In the last 2 weeks, 2 bullish engulfing candles appeared with the span of an ascending triangle (reversal figure) with descending volumes.
This figue is not confirmed yet. Must break support C-D preferrably with volume to confirm.
We also had a Doji on Thursday with a small red candle on Friday.
Could be time for...
GPRO is at an all time high but showing signs of reversal.
We had an inverted hammer on spet 9th and may have a
red candl today (bearish engulfing/piercing/evening star).
Still needing confirmation.
Ascending triangle, if broken, may lead stock down back
to its August support line (37,43$)