Silvestrov

Silvestrov

Did not fully work as planned on first recommendation, as price continued to consolidate in what appears as major bullish flag. But today on earnings release, we finally got strong follow through. Still needs to clear resistances ahead, but overall looks promising as a major turnaround play this year.

Silvestrov

AMEX:VXX , derivative on CBOE:VIX index suggests that we are in good spot to buy some protection. Market participants are very optimistic in recent days, but coronavirus risks still unresolved. In fact, data from China continues to be rather worrying. If we to start another leg lower in equities, today is a good day for it.

Silvestrov

After intitial breakout of double bottom formation, an retest of its neckline in recent days, NYSE:SQM is finally moving strongly in the expected direction. I expect it to reach the price of at least $36.5 as a target

Silvestrov

ACB is finally breaking out of its bullish flag in what may be the start of a decent rally. Good low risk entry is still possible.

Silvestrov

One more local low is possible within ongoing pullback in OANDA:XAGUSD , but not necessarily will happen. Overall, chart looks constructive for higher levels and I expect silver to shine this year under any scenario of how global economy would perform

Silvestrov

Miners have potential to be one of top players this year, and today I am looking at chart of NYSE:IAG . Stock reached perfect targets within wave 2 corrrection based on fibo levels, and price also created bullish engulfing candle yesterday . At the same time, price may also be forming bottom within right shoulder in inverted H&S. Looks promising for low risk entry buy

Silvestrov

NYSE:ACB looks very interesting since mid January bottom. Good odds that similiar pattern (inverted H&S) will be playing out, as it was the case before with NYSE:CGC , which is rallying nicely since its breakout in early December.

Silvestrov

NYSE:SQ is attempting to break out from consolidation pattern in symmetrical triangle. Strong volume pattern in recent days and strong relative strength vs S&P-500 since the start of the year (and esp. on recent down days), suggests ithat significant rally may follow

Silvestrov

After breaking through inverse H&S and long term resistance in December and making nice rally afterwards, NYSE:AKS continues to correct in what appears to be bullish flag. However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another...

Silvestrov

NYSE:SQM provides exposure to lithium prices, which are on a strong rise in recent months. SQM was lagging a bit, but looks like it is finally ready to go higher. Double bottom formation was confirmed with strong breakout on high volume on Monday and suggests that in short term price should rise at least to $35-38 region. And if outlook for sector remains...

Silvestrov

For a very long period of time NYSE:COTY was a troubled company with deteriorating fundamentals. However, right now, it is trying to transform itself and improve both financials and position in the market. Top management really believes in turnaround, insiders purchased around $100 million in stock last year!!! And now it looks like stock might be finally...

Silvestrov

Since recommendation in November NYSE:JKS is +40%, and is now appraoching major resistance region. Therefore, it is wise to take some profits, with idea to reload after some period of consolidation. Overall, chart is very constructive and healthy pullback with potential inverted H&S should build strength for much higher levels in the years to come.

Silvestrov

With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure. One idea, I am looking at is NASDAQ:ATVI $ATVI After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and...

Silvestrov

With ongoing worldwide trends towards clean energy, there is good potential for solar sector to shine in the years ahead. After rather significant selloff recently some ideas are trying to put a bottom finally, and NYSE:JKS is one of them. Good earnings released today and breakout through neckline of inverse H&S provide initial signs of reversal. I entered...

Silvestrov

Barrick gold released earnings today, and after two months of very nice consolidation and bullish divergence in MACD, stock might finally be ready for another rally higher. So good low risk long entry could be attempted from current levels

Silvestrov

After recent breakout, momentum in NASDAQ:MOMO may acellerate in November, with potential top being formed into earnings later this month.

Silvestrov

Nice inverted H&S is being formed in NYSE:RAD . Breakout through neckline was supported by the volume, and ideal target is around 19-20$ for a very solid return.

Silvestrov

NASDAQ:GOGO shows constructive pattern for another leg higher. Retraced 50% of Aug-Sep rally on really low volume, and now is approaching potential support. Good levels for low risk entry now, targeting another potential ~100% rally