mike07722

mike07722

SFP has popped up but it wont last. The average price for the past year is ~.37 and previous resistance has been around .45. It's likely that we'll retouch this previous resistance level as support in the short term, but in the long term it will go down with everything else as we remain in this bear market. Don't over-leverage your position. Sell the top.

mike07722

Since it pumped two weeks ago, ERN has been trading inside this triangle. Looks like a setup for a quick move upward before a larger correction and a continuation of the bear trend in line with the rest of the market. I think it's possible to have a 40% pump, if not more, but this would only be a quick scalp. I wouldn't forget to set a stop-loss though. But if ERN...

mike07722

Higher highs in price but RSI returning lower highs, this is a strong indication that the trend will reverse. Sell the top.