StuBuzzzini

StuBuzzzini

Average volume continues to grow in SOFI. We have to remember that for every seller there is a buyer and when supply dries up, demand will drive the price back up. SOFI is currently trading in a very strong support level and I suspect that it will find a bottom soon here between 14 and 15. I was short from 24 and long again here at 15.

StuBuzzzini

HRL fell below is 200 daily moving average which shows its in a downtrend. If we zoom out a little further to the weekly chart, we can see where its tested this support several times. Its fallen outside of the lower Bollinger Band on both the daily and weekly chart. I am a mean reversion trader and I think we may find support here. I am long leaps with leaps here.

StuBuzzzini Updated 

ETHUSD traders may want to manage their risks accordingly. We are up nearly 26% since my last buy signal on the 23rd of April (~4.5 Trading Days). We broke above the previous high on the 22nd and seem to be entering a consolidation phase. One can anticipate a big move in either direction. I would heed caution.

StuBuzzzini Updated 

I received a oversold confirmation today on my daily chart today. Displayed above is the 4H and 1D charts. These events do not happen very often so I thought I should make note of it here for reference. I would like to note that this appears be moving up on low volume, so it could be a false reversal, but it might be a good time to average down or start a small...

StuBuzzzini Updated 

Yesterday we saw a low of $12.23 cents. This is down considerably from the $31.96 high that was put in on March 2nd. The price was more than cut in half and this stock has been sold off with the rest of the EV companies that were brought to market through SPACs in recent months. When you look at the overall trend of the EV SPACS (NKLA, GOEV, WKHS, RMO, HYLN,...