Hit serious oversold on 1 hr. Touching very strong support just around $10.70s. Buying here just below $11 seems too easy? Contrarian position here.
RSI of less than 30 on the daily chart shows a strong potential for a rebound from there level which could learn to a full reversal longer term. Today appears to have been the start of it with significant bull volume and a 6% gain. If we gap up on Monday above $3.15, we'll see $3.49 intraday or Tuesday and bullish reversal will be confirmed. Bears are tenacious...
We're hitting long term support levels just under $3. Last of the stop loses were flushed and we can expect an rebound from here. Let's see if the bounce if a reversal or just a bounce.
We are at a market crossroads testing 200 DMA support across a number of big names that makes up the SPX. I'm long here with a stop loss and the stop loss will be more than just this short term SPXL trade... Long Short term - will decide longer term depending on bounce (or not)
This stock did not participate in the sector and market pullback on Friday. It stay very strong ending up over 6% while most names closed red. We are at a crossroads, if the sector heats up heading into legalization, OGI should hit the 10's in the coming week. If the markets head south, we can expect more pullback.
The bears have been ruling APH.to and most of the sector since the September run. This was to be expected. Most of these names are consolidating and APH is no exception. From $22 to $15 in just a few weeks. Post consolidation and heading into legalization hype, we'll see more people investing in this sector because of the upsides. It's not unreasonable to think,...
Nice expected bounce. Bulls and bears once again need to show us who leads with volume and price action. Bias neutral (leaning long as bulls show force)
On this stock, 1 hour oversold always creates a nice bounce. The only question is, will be be a permanent bounce or temporary. Uplisting is surely on its way.
Could gap down on open Monday to clear out stop losses at $17. Driving the dip into the $16s quickly. Bidding at $16.88 at open. If we open higher than closing, the trading strategy changes. If we lose price support, this will become a momentum short to the $13s. 50/50 at this point. Watch bear versus bull volumes. Either could win from here although the expected...
Depending on any news events, we might go into consolidation or some slight pull back. Longer term bulls should not be worried. The Stay Long is still the indication. Low bid $8.42-$8.65 to catch stop loss attack. Consider stop loss below $8.38
On this stock, stay long on bullrun and go sidelines on bear raids. It's a heavily traded stock with great price swings. The technical bounce predicted on April 9th for the 10th occurred and was then supported by bullish news from the Whitehouse supporting States like Colorado and Washington with recreational marijuana on April 13th. Bears should look at past...
Not the type of charts that shows a lot of confidence either way. This stock rebounds from oversold but the selling might continue for a few sessions and might continue in its intensity. Creating and even more pronounced bounce. Numerous sequential bearish articles on this stock has helped it reached these levels. Insider buying has yet to have any positive...
Missed that oversold on the 1 hr charts, so the dead cat might rise still monday but want the trend line. If we can break it, we're going back down since we are still downtrending. Was short biased but had gone to cash, still holding sidelines.
The markets are getting nervous to the VIX is clearly trending up. Traders would be shorting equities, the S&P etc. Clearly a warning to get to cash. We still have support for a double-bottom on the indices. I don't trade the VIX but if I did, I would be long biased. That means I'm market bear bias. I'm also not seeing any panic with most technical traders...
Key resistance levels were rejected. Stock RSI, RSI, CCI and others are all firmly negative. Candlesticks are lower highs and lower lows. Appears we'll need to head into oversold conditions again in order to go long. This is not a safe time to be long. Momentum shorts are more daring as shown by higher volume.
Watch $13.06 and the wider sector and markets. This is a good trading stock.
Lower highs, lower lows indicated the market bears are back in control for now. Broke the uptrend which was worrisome as a triangle. The bearish break is not a surprised. Failed to stay above 2740-2761 resistance. Staying in cash for now, may move to short.
The bulls on GLD have been unable to break 129 resistance. Might see short term bearishness given we are coming off overbought CCI and stock RSI is negative. Ideally we see a selloff to the low 120s for a nice push past 129 into 130s in late March early August. Short term bearish/neutral, long term bullish assuming markets fail to recover their bull. In any...