WUBA at all time highs. Highest weekly and monthly close at this level. 4 month consolidation around 80-85 levels. Relative strength among chinese internet names. Could see $100 or higher after next earnings.
Momentum in ROKU is dying out. With the lockup expiration coming in a month, shorts can enter against a failed breakout area and cover into the lockup seller liquidity. Chances of being squeezed are low since the longs are probably less confident after the earnings reaction and don't want to take all of that liquidity. $30 seems like a good mental target and was...
GLD has generally broken out for 1-2 years and then digested for 2-4 years. 2 year downtrend was broken in 2016 and has digested for 2 years since. Now it looks ready to trend higher 2018-2020. Should test old highs ~$175.
Took a break in 2017 after a strong 2016. Pulled back ~40% and now breaking out after making higher lows and crossing back above 200 day MA. If fundamentals reaccelerate the stock should go back to highs pretty quickly
Been in channel for a while and finally broke out. A longer consolidation between 115-130 could help it make a clean 50%+ move over the next few months. 200 day MA catching up should push the stock higher.
Looks like its broken the short term downtrend and it should retest the local highs. If it fails there the downtrend should continue to 6.5-8k.
If the breaks the short term downtrend and holds the old support area around ~13.5k, it could make a push to the high end of the range 17-18k.
Short term bullish, but waiting to see if longer term downtrend will still hold.