Bitcoin on a 4 hour chart trades nicely with the moving averages. The latest bull run shows this. Volume queue show similar pattern to January and further consolidation may lead to greater buying opportunities. Thick green line is same slope as January and often is the point to which convergence leads to weeks of alpha generation.
The charts show a nice bullish setup. If you aren’t in crypto twitter, you can see this blockchain trending weekly. Double bottom pattern and follows .866 level nicely after prior bull run. Cardano has a fruitful use case but needs the partnerships to prove that it works. Less likely of an ethereum killer, and more likely, going to coexist.
Long term price targets have been for $1.00. If you look on social media, folks pumping this up for it forming a flag pattern. Profits are being taken. A good consolidation is at .45. Looking to buy there.
CRT has struggled during COVID. EPS and dividend cut 8.2% and EPS decline YoY 21% for the past five years. Generally, avoid companies trying to push a high dividend that is unsustainable. With that said and this swing play. Consider a stop at the current level at 5.5%
CAMT formed a double bottom pattern. Going into the week, adding to list, and considering entering position with a 5.5% stop loss. This holding has about 27% institutional sponsorship. Between 21 and 21.50 are conservative estimates for this stock. %R is at oversold levels, and the MACD is approaching the signal line.
MEG has formed a cup pattern but is missing it's handle. Historically and from experience there is more chance for a sharper pull back. None the less, being in a buy zone in the 34 level. Profit targets are set at around 40, and will look for affirmative price action in the coming weeks.
SBCF formed a cup with handle in recent weeks and has come close to its buy area. We will watch closely for a pull back to the 24 level. With the current setup and resistance levels. The next high was back before COVID, on Jan 3, 2020 of 31.42. 2021 estimates put this up with a 21% increase over sales. Most conservative estimates have this getting to...
EDWARDS LIFESCIENCES CORP forming a double bottom pattern and reached buy point levels. Per Stock Conquer putting in a 5% stop . All indicators recently made a move from oversold levels with the MACD recently confirming off of oversold levels where the signal line has crossed. EW price consensus across analysist puts this stock at $91.50 to $105. We will...
PLAN formed a cup with handle pattern and has broken out. Anaplan was recently recognized as of North Americas fastest growing companies on Deloitte's 2020 Technology Fast 500 list. Aiming for a 5% stop and upside between 11-15%.
I believe in taking my money off the table when I am not comfortable or the gut just says too. VICI was a small swing trade. Up 7% but we will take our money when we see the possibility of price action faltering to the downside or lackluster for the time being. This stock had formed a loose cup with handle where green dot was the price when introduced.