CHX in a channel and now its towards the bottom of the channel.
It had trouble breaking point of control. Now, CHX is in a resistance range.
It broke POC with volume with MA50 acting as a support.
Taking more risk on this trade since i didn't wait for a breakout confirmation out of the resistance rectangle .
1. PK is in a strong support level
2. respected MA20.
3. Oversold RSI.
i bought a 1% risk position, and will add more (averaging) if it goes lower.
Next buy target is the strong weekly + vprofile level. This level is the point of control for volume profiling indicator.
1. TWO is still respecting the trend line. It also broke the rectangle up wards with green bullish candles.
2. MA 20 served as a support level.
3. MACD turning bullish.
4. RSI has room to run.
Stock has some room to go up with minimal resistance in the way.
1st target at nearest highest high; 2nd target is below fib retracement and below MA 200.
REM (index that...
1. Morning star pattern is formed in daily chart. You can also see increasing volume.
2. Broke triangle upwards.
3. RSI has room and MACD started turning bullish.
Im only risking 1% since NRZ didn't break the daily level yet.
I believe APLE will rebound around 9.16$/share.
The reason i think that is:
1. 9.16 is a very strong weekly support level.
2. 9.16 is 0.618 retracement level.
3. MA 100 level is there too.
4. RSI is oversold.
I'm being a bit aggressive and not waiting for a confirmation.
I put a long limit position at 9.63 (this is the minor retracement level), stop loss 7.66 (a...
TWO was in a triangle, and Bulls won the fight.
There is a spike in volume if you look at the 1HR chart. This tells me there is some buyers stepping in.
first target is 6.11; second is a bit below the fib line.
stop loss at 4.84; inside triangle; below MA 20 and below the previous low.
PK is now in a triangle.
Bulls and bears are exhausted; watch the decreasing volume across the triangle body.
Im currently holding my 10.6$/share position and will sell if bears control the trend.
if bulls break the triangle then first exit target is 15, and second exit target is 17.