Note: This is not an investment advice but my opinion alone. Please feel free to comment. TTOO just completed the H&S and looks to be setting a bullish RSI even with the current sell off. Looks to me that buyers are stepping in to buy shares.
Note: This is not an investment advice but my opinion alone. Please feel free to comment. The chart for sens looks to be forming a Head and Should Pattern and we are currently in the right shoulder stage. With earnings already pre-announced and guidance low compared to consensus, I wouldn't be surprised to see a sell off after earnings this week. I had hoped...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. The chart of ACRS is pointing to a reversal of the downtrend. I had bought a few share a few days ago based on the chart forming what is called an bullish RSI divergence. As the price continues to drop, buyers are stepping in to pick up shares as can been seen on the RSI....
Note: This is not an investment advice but my opinion alone. Please feel free to comment. VSTM has seen its price drop since it reached a 52 week high (even after its drug was approved by the FDA). I think in the long term VSTM will recover but not before it finishes it ABC correction and reaching the FIB ratio 0.786 where it will fill the gap it made in April...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. This is a follow on from the first posted Idea "VSTM Could go down even more" VSTM did get to $3.14 as a day low on Dec 21st just above the FIB ratio 0.786. However I do not like how it got there looking at the 1 year chart. As you can see the sub wave v of C has not...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. JD has been picking up steam since it reached its IPO level. As you can see from the RSI that buyers came in even though it was setting a new low which is a bullish signal. It also went above the resistance line and it if can stay above that, I see it getting to the 200 EMA....
Note: This is not an investment advice but my opinion alone. Please feel free to comment. Twitter has held up nicely since the market downtrend started but I believe it was quietly forming an ABC reversal pattern. The big red candlestick for this week looks like the start of the C in ABC and could lead Twitter down to 19.89. I would stay away from TWTR at the moment.
Note: This is not an investment advice but my opinion alone. Please feel free to comment. To be clear, I am long SENS and have been trading it as you can see from my chart. The stock hit a 52 week high after the FDA approval and is going through the ABC reversal. I believe it is on the last leg down which could take us between $2.20 to $2.50. This will put the...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. The Viking ship has been sinking since it released it recent data and reached a 52 week high. However, I think we are in wave 4 of a 5 wave up and we could get as low as $8.06 when looking at FIB ration from wave 2 to 3. I am long this stock and will be adding if we get...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. Correction almost done and that is my PT
Note: This is not an investment advice but my opinion alone. Please feel free to comment Micron has been on a downtrend lately but I think we are at a reflection point. After what was a bad earnings report the stock price held up well to my surprise. Looking at the FIB Ratio, we are due a bounce but we have to be very careful. We also have an RSI bullish...
Note: This is not an investment advice but my opinion alone. Please feel free to comment The XBI has been on a downtrend since September and one of the first sector to begin the pull back after all time highs. I am still bullish this segment looking at the charts and the current price action on the 5 year 200 EMA. It looks as though we are in wave 2 based on what...
Note: This is not an investment advice but my opinion alone. Please feel free to comment Like every other stock, AMZN is in an ABC correction which "could" get even nastier. Looking at the chart it does look like the Santa rally will be here shortly but will not last long. Drawing a support line from the 2008 and 2015 lows, we see a price point of around...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. Since NITE reached its high, it has lost a lot of steam due to the offering and the perception that AGTC was superior treatment. With the recent AGTC news of its drug not having any effect from the latest trial I do not think this will help the stock (NITE) at all. I...
Note: This is not an investment advice but my opinion alone. Please feel free to comment. After the huge rally up TLRY failed to hold reasonable FIB ratio on its pull back and looking more like a deep ABC correction. I think $47 dollars to close the gap is possible.
Note: This is not an investment advice but my opinion alone. Please feel free to comment. TRXC has been on a downtrend since its recent high. I think the downside may not be done as it completes its correction. Looking at the FIB ratio (.786), I see it reaching $1.89 which will also fill the gap it created on May 9th 2018 (when looking at the daily chart).