Looking at it through the weekly, maybe 3 or 4 more week until we see some big institutional buys, judging off the macd.
Looking at the MACD this looks horrible. Kinda like jessica harvey. But it could hit down and bullflag out.
So the price action on this really looks like the bull run will take it up. It recently ipo'd so theres a ton of volume surging through this. The macd doesnt look to good but it could continue to churn upward. The vortex5 its about to cross the .75 line and would that be the buy signal? Will we see institutional buying at these levels?
Wow, look how cheap this stock is. I'd defiantly buy some and hold for a while bc theres going to be WW3 and defense stocks are going to soar. I hope yall know how to take care of yourself in the storm. ANYWAY Price action and vortex5 and macd divergence.
So, I mapped out the support and resistance. There is Positive MACD div. and the Vortex5 is in the works for churning up. I'd play it safe and wait for the Vortex5 to hit the 70-75 line.
In an upward channel Volume shelf bounce Rsi bear divergence is over, bouncing off 50 line Waddah bear indicator is meeting with the 20 moving average making it bullish, bullish divergence as well. Pt -> 4500, 15 - 20 days Sl -> 4400
Looks bearish on the weekly but looks bullish on the daily. Seems to be a triangle forming. There is an inverse head and shoulders pattern. There seems to be very weak volume support on my vpoc, although stocks tend to run on low volume. The rsi is bouncing off the 30 line, there could be some bullish divergence. The Waddah bear signal is coming back to the...
Restoration Hardware Coming off earnings Higher highs, higher lows Price action from August 11th highs are bouncing from the August 19th lows PT -> $720, 10 days, Sept 3rd Low Volume Rsi -> breaking above the 50 line Green hammer on the daily
It looks like to me that small caps are going into a correction phase it seems to me that the resistance has hit and my price target is support on the fib levels, red box. The waddah red has turned up and is meeting with the moving avg also the rsi is turning down.
This is my wave theory for DraftKings. Im just starting to learn elliot wave theory. I like it a lot tho.
There is Waddah Div Gap fill More than likely a chop market for about 2 and 1/2 to 3 months. Its also resting on a fib line from the low of August 17th 2015 and the high of February 8th 2021
Higher low? The 50 MA looks to be acting as support theres some div on the %