Definitely reacts to the news, good or bad but, definitely reactive! So we have 2 harmonic set ups, a bat and a butterfly both bullish. The move off of the first set up, the bat, was 562 points into the butterfly. The butterfly looks as if we'll move into a nice bullish channel into and the price levels to look out for 20.04 as a level to consider as support...
The weekly and the daily both line up clean on enph and the are following the Fib levels up. Each of the moves have been measured moves. The first move from 1.39 to 7.63 was 634 points and the move retraced 38.2% to begin the current move. This move started at 3.76 a 634 point move be near a completion of the 2nd move near 10.01 the rejection area. I'd expect...
DNR is a tough move for now. That push down was huge and its not move back up to that area without something dramatic happening. Broke out of that range from 1.03 to 4.20 on the weekly. Ascending triangle setup on the daily. The push down so hard to the floor of the weekly support is a hard pile to swallow so I'd definitely sit on this one. On the daily a...
CHK on the weekly of course descending triangle
But has actually been trading within a nice little range
The range is 562 points its aiming mind way, around 5.10 because its near these lows it's definitely going to need some work to push this thing up. Gotta nice harmonic pattern setting on the daily chart but its gotta push through $3 and then you'll have...
