Investopia teaches the following about channels: Channels provide the ability to determine the likelihood of success with a trade. This is done through something known as confirmations. Confirmations represent the number of times the price has rebounded from the top or bottom of the channel. These are the important confirmation levels to remember: 1-2: Weak...
SPY trading inside another channel. Will wait for a clear push in either direction to take a position as the market is very unpredictable right now. Overall I think we will se more red this week. Which direction do you guys think we mare headed?
TLRY looking for a bullish move soon -Price target 1 & 2 shown
BCRX is trading inside a perfect ascending triangle pattern. - BioCryst annnounced this week that the company will host a virtual R&D day on Monday, March 22, 2021 from 9:00 am to 11:00 am ET. - As with many catalyst and events, this could be a "sell the news" and we could see the price sell off on Monday, as the stock already saw a cool 5% gain on Friday in...
Price target #1 hit. Two possible scenarios: 1. Price goes up from this first support 2. If overall bearish sentiment in market continues, price could correct down to main support (Lower Line). $74 is a very strong support and we could see some nice bounces up if it does touch it. What are your guys thoughts on AMD for the coming week/month?
Price has been going up in anticipation for the virtual investors event on Monday. Now the price could cool off for a bit and retest main support. Great company with big plans, only bearish short term. What do you guys think?