With This Stock. I purchased as RSI was looking to be close to overbought. Likely too aggressive a trade without confirmation. There have been several doji candles since with not much movement.
DOes anyone have any thoughts or experience with what this might mean for upcoming price action up or down. 50/50 up down or more 70%/ 30% up down.
Thanks if you...
ORA look s to me like a cup and handle formation and is now ready to start pushing higher and breaking through a small flat top or ascending triangle formation to start moving back up to pre covid levels. I beleive their revenue is going to be about the same as pre covid so logically should increase in price. Not that the market is logical. Haha.
CSR has a big up candle today amongst the doom and gloom of overall pullback in markets in last couple of days.
The Volume is not 150% more than average so I think it will be short lived. I dont hink there is enough volume
to suggest a sustained breakout.
I am putting my predictions ahead of time to see how I track. We can check back in a 5-10 trading days and...
Austal Ships - Could be testing support after a break up from sideways movement on the weekly. Just purchased land so can build Steel Ships as well and should be a growth stock over coming decade me thinks due to geo political tensions building.