This biotech company has 202 millions share. in the last 16 days the average trading volume is 84 million which means in the that period, people has traded the whole company almost 7 times! Is Sorrento going to be the company which find find COVID-19 treatment or vaccine?!?
In the previous analysis, I insisted on bearish market because the volume didn’t support the increases in the Prices! Since last week, Increases in volumes support the increases in prices so we have to accept the bullish market and focus on the new opportunities in the market! Let’s bet on bulls till November Election! (Keep in mind that DXY will be bearish and...
GETTING OUT OF REVERSAL WEDGE! RISK/REWARD:6.7
CRONOS HAS JUST: 1-CLIMBED OVER THE 200 DAYS SIMPLE MOVING AVERAGE! 2- PSSED THE KEY RESISTANCE LEVEL! 3- LEFT THE CONSOLIDATION PATTERN!
The best has yet to come, oil rallied strongly so far but it could go up for another 20-40 % to complete a reverse head and shoulder pattern! This could cause a momentum in small cap oil companies which has already started!
Some people like charts crowded with multiple indicators, oscillators and lines, some other people like simple working charts! For those who like simple charts: 1- Bitcoin failed to cross up its down trend line twice in the May and made a Double Top pattern. 2- Bitcoin has crossed down 10 days SMA(low) and 20 days SMA(close). 3- Bitcoin has just penetrated the up...
IN THE LAST 3 DAYS SPX ROSE MORE THAN 2% WHILE USD LOST MORE THAN 1.5% OF ITS POWER!
After breaking the all-time down channel, and making a consolidation pattern, now it is time to go high!
When I compare the pattern of the last 20 days before the market crash and the last 20 days, things become scary!
What we see is a pull back to the pennant! But the long term view is still bullish unless gold close below 1660 level!
We have half of the curve, hopefully the other half is coming soon!
USOIL will rally up to 35 in the next 10 days, but it will face a strong resistance up there! If it could pass 35 strongly then maybe we see a sharp bullish trend!
The long term view is still bullish, however this week we are going to have a correction!
Classic DOUBLE TOP pattern! No need to explain!
HAS JUST PENETRATED THE DOWN TREN LINE AFTER 9 MONTHS!
In the last trading week, you can't find any equity more volatile than JCP! please share in comment if you know any!
we may see a correction to the 1710 level this week!