NIO continues to move higher after breaking out of of the falling wedge pattern and topping the 200-day moving average, currently up a little over 10% today and +20% from my entry of $10.77 on 7/13. The current price candle is yellow which indicates extreme bullish momentum behind price; yellow candles tend to indicate that price is becoming overbought and...
Accolade, Inc is seeing a move higher this week along with other healthcare stocks. Yesterday price opened and closed above diagonal resistance and is now trading in the gap price range created in late April. The lower PPO indicator shows the green PPO line above the purple signal line with both lines rising which indicates a short-term bullish trend. Both...
AMC appears to be forming a triple bottom pattern with price support holding in the $3.80 area since January of this year. The last time AMC put in a triple bottom was in 2020, and in early 2021 price exploded from a low around $1.30 to a pandemic meme stock rally high of $44. AMC likely will not see the same gains as seen in 2021, but the triple bottom is...
Bitcoin made a 13-month intraday high today at $31,829 and is a few minutes away from a daily candle close above the $31,046 red horizontal resistance level set in mid-April of this year. The move up in crypto, Bitcoin and crypto-related stocks today comes after a federal judge ruled that Ripple(XRP) is not always a security which has been an ongoing court battle...
Ammo Inc is testing the 200sma after recently forming a potential triple bottom pattern. A move above the 200sma would likely lead to a test of the upper resistance line near $2.60. Should price beat the upper resistance line with a close and open above that $2.60 level, our projected upper target is near $3.60 based on the $1 measured move from the valley of...
Tapestry Inc is testing the neckline of an inverted head and should pattern with price above all MAs(8,21,34,50,100,200) and all MAs in bullish order. This indicates a bullish price trend. The lower PPO indicator show the green PPO line rising and above the purple signal line indicating short-term bullish momentum. Both lines trending above the 0 level...
Exelon is seeing gains with the energy sector as oil moves higher this week. Price has formed a complex inverted H&S pattern with price recently coming up off a second right shoulder and is currently testing the neckline. Price is currently trading above all MAs(8,21,34,50,100,200) and the shorter MA's are crossing above the longer MAs indicating a shift to...
Roblox has seen a move higher with gaming-related stocks this week on the heels of creating an inverted head and shoulders pattern. Price is trending above all MAs(8,21,34,50,100,200) wiht the short MAs rising and crossing above the long MAs indicating a short-term bullish trend. The PPO indicator shows the green PPO line rising and above a rising purple...
Paypal is testing the upper line of a falling wedge pattern while recently crossing above all short and long moving averages(8,21,34,50,100) with the 200sma as the last MA to be tested. The short MAs are all rising and have crossed above the 50ma indicating a short-term bullish trend in price. The PPO indicator show the green RSI line rising, and above a rising...
NIO has been benefiting from the recent rise in EV stocks with price breaking up and out of a falling wedge pattern while simultaneously crossing up through the 200sma with multiple closes above it. The last time NIO closed above the 200sma prior to this recent move higher was back in November of 2021. Looking at the moving averages(8,21,34,50,100,200) we can...
Coinbase continues to gain after breaking up and out of the neckline of an inverse head and shoulders pattern, price is up +10% today - trade was initiated last week upon seeing the inverse head and shoulders breakout. Due to the pop in price today I've raised my stop-loss level to $85.75 in case price reverses on profit taking. This stop level ensures that I...
Scotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80....
Coinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC. Blackrock BTC ETF filing ignites price rally: www.nasdaq.com Blackrock ETF...
The largest player in cannabis without having the risk/exposure to the schedule 1 plants and cutthroat competition in the sector, SMG, has broken out of a falling wedge pattern with lower PPO and TDI indicators that are close to turning bullish. All eyes/ears are on the Senate as a vote on Safe Banking for the cannabis sector is expected this month....
📢 Yield curve inversion alert! Here's what you need to know: 📉 The 10-year minus 2-year yield curve has inverted 📉 This occurrence, where the shorter-term yields surpass longer-term yields, often raises concerns about the economy's health. Historically, such inversions have been associated with impending economic downturns. The inversion of the yield curve is a...
Analyzing the monthly price chart, a significant pattern emerges - the Triple Top formation from 2020 till now. The Price Percentage Oscillator (PPO) and Traders' Dynamic Index (TDI) indicators further shed light on the situation. Here's my take on short-term and long-term price analysis and projection. The Triple Top pattern indicates three consecutive peaks at...
Cameco Stock Price Analysis - Triangle Pattern Breakout and Potential Price Support Weekly Chart Breakout: Cameco ( NYSE:CCJ ) has made a significant move on the weekly chart timeframe with a breakout from a triangle pattern. This bullish pattern breakout suggests the potential for sustained upward momentum in the stock's price. Price Pullback: Following the...
After breaking up and out of the downtrend channel, Bitcoin has hit horizontal resistance near FWB:31K which stems from the price peak in mid-April. Price has been capped by resistance for 6 days, failure to move above resistance soon will likely lead to a reversal. Lower indicators are reading bullish after the channel breakout which is worth keeping an...