1. First time this stock has attempted a cloud break in a while.
2. All technicals are setup for a breakout off of the All time bottom.
3. PARSAR on 3 and 6 the month charts first time since Jan when it had its last major run.
4. Broke above a key resistance point at .0020
5. RSI still very low on the 3 and 6 month charts
If I could short I would short this alllllll the way down. I can't even be objective with this one, it is about to show its true value. As you can see it's been nothing but a downtrend ever since it IPO'ed, we'll come back to this chart in a few weeks. However it broke through every support and is on its way to making much lower lows with longer candles.
Breakout past the 50DMA was a key point today. PARSAR flip Bolli and Ichimoku Cloud break. This move is mostly due to immense fundamentals at work and not an actual technical push, which is the best part, if you remember $OWCP this is similar in terms of fundamentals, but with much more potential and in term a much higher ROI. One of my 3 long term holds as of...
Shipping sector is about to go bonkers with the BDI moving north in addition to possible Exxon news. $DRYS being the obvious leader has been a good predictor of movement. Right now $DRYS is breaking out of its downward trend and $SHIP with the incredible news of getting rid of their debt vehicle yesterday is poised to be the one right behind $DRYS to make...
What a freaking beast this has been!!! From .01 and she ain't stopping until $1.00 Just like all our other calls $OWCP, $IFAN, $BMXC, $NEWC, $ABHI, $USRM we've called in the past this one is going to be massive, it's on the same level as $OWCP in potential honestly. Riding the bollis breaking out the techs and dropping massive PRs on upcoming pipeline projects. In...
Volume before action so they say, and it is very apparent by $ICLD's techs that this thing is more than ready to do damage to a long ago bearish chart. All techs are bullish or becoming bullish. Breaking above the cloud establishing support about the bollis and flipping the PARSAR in addition to the MACD crossover we have a winner here folks. Price Target for 1-2 weeks .10
Notice the support lines from Nov coming into play again and the nice triangle formation between where the breakout started in November and the are it bounced off of today. Also the amount of cloud has shrunk considerably. $FNMA Long