2nd bull flag appearance for $PBH with 4 months in the making. I bought in on the fakeout @ (3 Nov) and holding til $19.
Topped up just before the breakout. How do I know it's not another fakeout? I used a combination of indicators: Volume, MACD and RSI divergence which isn't shown.
Low risk/high reward.. Just my type 😉
I was initially waiting for a break to the upside on the flag pattern, but it broke to the downside.
I think the market overreacted on second wave fears, so I bought it when the market shat itself 💩 this is "coincidentally" right on the 50EMA and oversold stochastics.
The spread on this one looks enticing. I actually don't see anything wrong with it (fundamentally) but I am a lamen when it comes to fundamentals.
I also think the bounce times perfectly with government easing up on restrictions.
Double bottom now at play. Refer to notes for my reasonings.
My analysis of the triple bottom can be seen here, so potential high rewards like last time:
Let's hope big Trump gives good vibes to the market, he seems to be f-ing up lately.
Current lithium carbonate...
I've taken profit off the table on this one based purely on TA.
I think this will either:
a) Fill the gap around 18.85 and commence re-commence the uptrend
b) Bounce from the last capital raising level
c) Break the parabolic chart and fall like bitcoin
Personally, I think there is still more FOMO to go on this one. Sitting on the sidelines for now, but...
Another bull pennant appearing on the daily chart. The formation seems ripe for some action (3 month formation + declining volume + constricting bollinger bands).
I would rate this setup a 60% chance of success due to the following reasons:
• 3 month formation
• Flag appearing above the 200ema
• Candles at the end of the pennant show positive signs e.g....
Hard sell off from falling spot prices, unjustified IMO especially when PLS is selling at market prices, but it is what it is.
Goldman Sachs big net sellers, deutsche bank big buyers
High volume in the sell off from the highs
Signs of a reversal are possible:
Dragon fly doji showing on the hourly chart (forming into a bullish...
Suprised with this one, but eh *Larry david shrug*
My buy zone was above the current trading zone for a reason.
• Bearish expansion
• OBV spike downwards
• RSI not yet oversold
• Lowest low in the history of the company
$AMP hasn't hit these levels since 2006! Bulls are showing their hands so far:
Bollinger bands contracting, tighter volatility, but leaning towards the upper bands
RSI showing a rising wedge like pattern, although steady momentum relative to the upper chart
Risk reward for traders looks tempting
Looks good for a ST and LT trade.
For those who are familiar with my bearish sentiment on AVL, I have left my bearish notes (with up to date corrections) on the chart. The support at 0.039 held, so I was wrong there, anyways, moving along:
Bullish expansion on the Bollinger Bands
Breakout at 0.046
Decreasing volume, with highest volume breakout since the price was above...
Here is my possible bull case scenario for Bitcoin:
Head and shoulders formation in the coming days with a ST support test around the 6200 mark
If all is well, it should bounce back to the resistance area between 6430.50 - 6842.50
A break above those levels would indicate a buy signal with a target price above the next resistance lvl between 7491 -...
Following up from my previous analysis, 3 out of 4 of my support/resistance zones have proven to be valid. There was a break at my support level at 0.087 but the market has reacted with a hard bounce at 0.081, so I could be wrong there. Bears should be cautious at those levels as I feel a bottom is close. If 0.081 breaks, possible support could be between 0.065 - 0.077.
Something was bound to break on this one and it looks like the bulls have made their moves.
Dragonfly doji on support
Bullish expansion on the bollinger bands
Lower lows and higher highs on the RSI
Brokers playing chinese whispers and suggesting the lithium market is oversold is another signal for me.
Everytime it hits the 0.036 - 0.037 support level, it bounces hard, but I'm not so sure it will hold this time. I would have personally liked to see the 0.040 level hold as support but it was broken today. Feasibilities are due soon meaning more sellers are likely to come into action as reality sets in ( see link )
Not overly excited, but not bearish either. It...