I favor we are now in a consolidation triangle. Often (not always) there is a Fibonacci relationships between the legs. In this case the '"c" on the daily chart is .5 x a. If e is .5 x c then we get the top of the target chart given. When the target area is reached and we get a price action sign of possible reversal I will go long.
Notice the positive reversal...
Nice "W" base. I would not be surprised to see if eventually get to 27.
But: process your way.
If you are profiting from these charts please let me know so I know it is worth the time to post them. Thanks.
Potential cup with handle. Watching for break above handle channel. Could add if close above recent high.
Could use close below recent low as stop.
BUT: process your way.
If this ends up being helpful let me know so I know if these charts are worth the time to share.
Have a great week
From Zacks: Prevail Therapeutics Inc. is a gene therapy company....
Platinum is at a long term log down trend line from 2008. With the US dollar now falling I favor this line will soon be broken and uptrend begin. Technical observations that support this idea are: 1. Bullish divergence in the monthly RSI. 2. Huge up volume on the last price drop (seen monthly chart). Volume spikes often occur at tops and bottoms. 3. Less important...
This is a follow up from May 8 post (link below).
Still looks positive to me. Near term target box given. But if goes above the recent high of 5.7 then a move to 7 seems possible. Process your way.
This is a semiconductor company in Taiwan as is TSM which I also posted and has rocked up to the suspected target. Hope hope some of you profited from that.
On the monthly I have my best guess of the long term action of the US dollar. Recently I suggested a short term bounce was coming. I was wrong. But notice the price is now very near 2 resistance points best appreciated on the daily chart. So now or soon we may well see a a bounce. IF it drops straight thru the uptrend line from 2011 as well as the recent low I...
Consider long on close above resistance.
This is a recreational vehicle company. Most of us need an outdoor recreational vehicle NOW.
Two targets given Lower one is from the positive reversal in the RSI. The higher from possible Fib relationships.
You could use close above the current uptrend line as stop.
Process your way.
Breaking up today at opening.
Prevail Therapeutics Inc. is a gene therapy company. It focuses on developing and commercializing disease-modifying AAV-based gene therapies for patients with devastating neurodegenerative diseases. The company's product candidate consists of PR001, PR006 and PR004 which are in clinical stage. Prevail Therapeutics Inc....
Follow from previous post. It looks to me that we have had a side ways consolidation. (triangle in this case). We have a positive reversal in the daily RSI. Often in a H& S formation the two sides are about the save time length (horizontal arrows) which we have now. Target box given. Process your way.
This is a follow up from my April post. (see link below if interested).
The target I had has been hit. We had a reversal candle today so far. So check after the close.
The low recently touched but did not go below the level "a or 1"(754) . If it does near term it would likely indicate that all this the up action is a correction. If it does not and price goes above...
Downtrend line broken on increasing volume. No new low on the last cycle down on the daily chart.
Yahoo Fincace: HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. It offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis...
Beautiful cup with handle formation. Breakup out of handle plus above the recent daily downtrend line. From weekly chart you can see it is in a long term uptrend. Notice the large positive reversal in the weekly RSI. (lower RSI with higher bottom in price). This gives a target of a possible target of 84.
From Zacks;: Taiwan Semiconductor Manufacturer Co is the...
I like the major increase in volume. and the EWT look to this. Up about 8% today so far tody. Is a Biotech so is SPECULATIVE so be careful with size of position.. If count is correct there is a possibility of major gains. Bullish candle on the daily chart so far. Could use a close below today's close as a stop. Process your way.
From Zacks: Generex...
On the weekly you can see volume is up recently and it looks like it may be ready to break the long term downtrend line. Nice cup. We may get a handle next prior to a break of the long term trend line. Could wait for a close above the downtrend line. If you would go long now you could use a close below the recent low as a stop. (see daily chart). IFFFF is it...
EQT is a major producer of natural gas. I think there is a good change natural gas has finally bottomed. This chart looks very promising to me. I have taken a small long position today. Will add if we get break up out of the bullish looking flag on the daily and more if it breaks up out of the long term down channel.
Have a good week. Process and trade your...