3rd lower high ? right shoulder of H&S ? 50 MA moving further down closer to death cross ? Just so weak even after that good rally the other day. Working on a bearish engulfing candle today as well unless it catches some bids by 7pm today.
Ooohh...this looks good too ! A lot like Jagx right now. Double bottom in an uptrend. Backtesting neckline now. Measured move potential of 40% ish. Easy risk management with stop under the resistance / now support area. Needs to come down a tad more today then let's go !!
Another view / idea for OIH. Lot of hype lately on this trade. Looking at it this way looks like it's up against 2 diff resistance areas. Pullback is needed for sure just how far it falls is the question. CPI numbers out tomorrow so the a lot of peeps waiting on that number before making any moves as well.
78.6% retrace. Breakout of the channel it was in a little while ago. Double bottom. Closed above all 3 moving averages on daily. What's not to like ?!? Good entry point with hammer yesterday off the avgs. Getting ready to break out of the consolidation it's in. Easy risk management / if candle closes below avg's exit and move on.
Missed the bottom but this asset recently completed 88% retrace similar to FUBO and we see how that one went. I entered into long today here. Nice upside potential and 16 mil volume today is dammmmmm good.
Perfect example of keeping an eye on volume. Here GAN is up 5% and working on a bullish engulfing candle. Then you look at the volume and it's not even anywhere close to it's avg 10 day volume...(white line). 300k volume. Fake price action used to lure buyers in. My opinion anyways. As pretty as a setup this was the volume just isn't there to stay in this trade.