About meArmy Veteran. Photovoltaics professional. Energy company owner. Swing trading since 2008 but I also manage separate portfolios for day trading options and crypto. Love for Charts and Rottweilers.
KNC on the 1hr is now at a point of resistance around the 2.85 area. Lots of momentum, but I am watching the fast-moving average creeping into the overbought zone of the oscillators. If it proves correct, then we should see a retracement back to the 2.84 area. But if KNC can move past the 2.95, then it has room to 3.08, then 3.19.
NKN is at a good point of support, with 0.57 being the base. The candles are tightening up under the moving averages and the CVI and EMA's in the oscillators are starting to creep to move above 0. This is a bullish sign for NKN.
Looking at BNB and the 1-hr chart, watching the linear regression and the coin's test of 74.8, with the next lower support at 73.4. 73.4 is also a longer-term upward trendline. One thing to notice is the rising cumulative volume index. This is typically followed by a breakout. We'll need to see 73 hold for confirmation.
Replicated scenario at the Point of Control
We are at a point where BTC is replicating a previous scenario:
-POC as resistance
-50 recent move under the 200
-Support on the current trendline
The POC will be the determinant of the next big move.
Solar Edge stays on my buy list, but Enphase keeps a direct correlation to SEDG with similar P/E ratios, but at the quarter of the cost. Further correlation with the TAN of course, but if you want to track the two inverter companies, you can do so with TAN and at least get dividends :)
EQX Found that this stock is on a decent run and has recently hit it's high. Looking at the MA's, this stock is riding the 5 with the 5/20 expanding (bullish). Supported by the MACD still rising and the RSI just short of overbought, but within the threshold. EQX is one of the better in the mining sector, but I've added AU as a close second as far as value. You...
I haven't purchased this stock yet because my portfolio already has a few energy stocks in it, but this is a high performer in its sector and will reconsidering overloading in that sector, keep for long-term. Portfolio management, right? The price is a good opportunity as it's undervalued.
Couple things to note on the chart:
- there's a gap to fill and the...
There are two points of support (upward channel and horizontal support) that will be tested against MACD trend downward. Good undervalued stock and performing well in its sector. This will be one of my long-term plays. Aiming to enter at 15.30, stops at 13.95-14.00
Here's a look at LUV's gap that will be filled. MACD supporting the downward movement. Testing current support. For those playing 4th of July, this might be a good opportunity to scoop up the potential gap-fill (which may equate to the lower Bollinger band test). Noting "short" for short-term (1-3 days) but I'm long on the Bollinger rules.