BABA in the tranding channel is heading for gap close at around 85 USD.
Consolidation and there is a clear divergence in MACD and RSI on daily.
Technically WISA is bound for a rebound. The stocked bounced of 100 SMA in bullish triangle contraction, oversold RSI, and hitting the bottom of Bollinger Bands. WISA may pop any time.
WISA is in a classical contraction leading up to the next quarterly report predicting Q2 sales guidance up 250% and inclusion to Russel Microcap index at the end of June 2021.
RECSI is in a very bullish trend above 10, 20 and 50 MA on daily. Breakout above 100 MA and out of that falling bullish wedge can be explosive.
Strong close at $2.2700 after hours. Will it run above $3.00 tomorrow?
What to make of $REC? It's consolidating in a symmetrical triangle, inside it there is this bullish wedge formation and the stock is basically consolidating within a range of 10.7 and 12. My bets are on a breakout upwards really soon.
I was trying to time bottom in this stock, this should be it at around 3.50.
I redrew the chart to something that actually makes bit more sense to me. the stock is following a positive trend channel and it may just hit the bottom line. There is also a big descending triangle on the chart that would normally be bullish but they are often bilateral and one needs to watch for a break out either way.
Back to $AOW with a new update. Bullish candlestick on hourly and it may break out of the falling wedge . If it does, there is a big symmetrical triangle building up. Break out from that triangle should bring nice profits. RSI is also oversold and there is a crossing on MACD . Hopefully macro won't mess things up. Crossing fingers.
SCANA is in a positive trending channel on hourly. A bounce up off the lower channel line is expected.
SCANA had been in a strong uptrend since it has restructured and gained new, valuable contracts. The stock is now in consolidation. The bullish triangle formation and bullish candlesticks indicate a new uptrend ahead. Low RSI level at about 38 with hidden divergence and bottoming on Bollinger bands as well.