After a needed 7% sell off, the bounce off the 78% retracement line & 200 DMA should prove pivotal in reaching all time highs in the US equity market and will act as resistance in the future.
Bearish engulfing on the daily and similar formation from January 2018 on the weekly. High probability with this name always retesting the 100 day moving average after a breakout.
Bearish Engulfing on the daily. Similar to the January set up on the weekly. P/E (TTM) is higher than industry peers. After a breakout, 9 times out of 10, KO has retested the 100 day moving average ($46.50).
The last two trading days have shown low volume , with a huge move to the upside from $16.90. I think the gap around $16 on the daily chart still needs needs to be filled. I do believe this company is turning around and has a ton of potential for growth. After the gap is filled, it will go through the resistance around $20.50.
Went in and retraced my fib chart to extend the trend, and see the next move below $38. Momentum will pick up, then a drop beneath the 200 day (blue line) will continue to $33
ETSY only has 2% of their addressable market, but they think it is a good idea to raise the fee to their vendors? This is a great company with HUGE growth potential. Sadly, their vendor has the option, and is forced, to transition to a competitor (EBAY, AMZN) to save money. Short to $35.00 and buy back at $32.00, if better decisions are made.
(WATT) Energous - 2018 PT: $12 (+23%) - 2019 PT: $20 (+105%)
Accomplishments
+ Acquire the necessary certifications to sell their products across the world.
Future Events / Technicals
+ SK Information & Communication Technologies (ICT) Summit, Wednesday, October 31st
+ Earnings is expected for November 14th
+ Bullish Engulfing Oct. 7th & 8th, with a tape...
