Looks like a double-top off the Fib resistance @ $42. Could generate some downward pressure if previous gains are taken.
If it drops, will read off the intermediate support. If it continues to drop, look to enter @ $39.30ish before the Fib support.
MU is very promising fundamentally, I'm looking to expand my position. But if this trade does play out, I think...
An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the...
SOXL has been forming a pretty well-defined Pennant and underlying fundamentals in the ETF are strong with a good tail wind.
- No bad world news, especially NK. (Manufacturing base in Seoul and throughout Japan). We break the upper band; $97 target.
- Bad world news, good buy in point >$90 as we bounce off the lower band, break upper band if the...
Shikou span has crashed into the price at the $164.00 line.
The Senkou spans of the cloud are starting to tighten.
The squeeze indicator is on with slight downward pressure.
Vol is a trending slightly lower.
Bulls feel very complacent at the moment, and the stock could stray under its lower trend line and hit the cloud.
Next day or two will be choppy....
We formed an ascending triangle as we approached resistance at $6.60. We have appeared to break above the top level in a bullish manner which could result in a bullish afternoon if we do not retrace back below $6.60. Hopefully, this trend will continue throughout the end of the day and into next week.
We are approaching a key level of resistance at $13.30. We have formed a very similar minor resistance cross over as the price approached the key resistance in the past. If history repeats it's self, we will see it drop under $13.30 to form a head and shoulders pattern.
AUPH, Squeeze Released but Bounce Off Strong Resistance
The price trends have been squeezing within the flag for quite some time which correlates with the squeeze indicator. Hard resistance levels have been spotted. I anticipated meaningful upward/downward movement as we reached the tip of the flag. We broke through upwards today, but the lack of volume was met...