Morons think that the silver bull market is over just because the SPY makes new highs without understanding the correlation with e.g. Russel 2000. Just because oil prices push prices higher and we have a very normal pullback in silver after a parabolic move doesn't mean the trend is over. We bounce on the trendline and now great news. Is this one of the greatest...
Is this inverted head & shoulders pattern on the hourly the first sign of a bottom for GTII? Be aware of that we are above the recent downtrends low and this could potentially be the higher low in the long term trend.
- Touched daily SMA 200 and bounced - MACD hit bottom levels - RSI in oversold territory What are your thoughts?
NeuBase will start trading on the 15th July and is an interesting gene silencing technology company. They did a merger with OHRP and will change ticker symbol to NBSE. I think this could be a great trade and I started a position today.
Trend line didn't hold at first but was that a fake out? Acc/Dist looks nice now and shows what happened today during the last hour.
I'm watching this trendline to see if it might bounce. We've had a long period of down trend now with no bull volume present. Is everyone awaiting the bounce as me, or have this stock lost it's momentum? Thoughts?
We saw this the other day in NTLA. Has the same pattern formed in EDIT? Thoughts?
Sorry to say I made my new entry way to early on TWST. Sometimes you do mistakes, but I'm still in this trade because I think we will have a strong bounce. I think that the news in yesterdays post market really changed the direction of that symetrical triangle that was forming. To me, these conditions looks like they are really oversold (also clear if you look at...
This looks like a cup & handle pattern. Editas earnings tomorrow could potentially impact this with a sector catalyst. Thoughts?
Having a look at the trendlines gives us a perspective of where we are now. We just broke bottom trend line, but below that bottom trend line there are strong support levels which seem to hold. Earnings upcoming in 6 days and other sector catalysts like Intellia earnings tomorrow.
There is a lot of support at the level we are at now, and conditions looks very oversold. Earnings tomorrow. I remember what happened last earnings, and presenting earnings in the conditions we are at now could potentially be very beneficial for this stock.
Looking at the weekly pattern and the trend channel gives an indications of where this stock could be moving, and where we are now on yesterdays oversold lows.
Trend analysis of VFF. Tightening range and a symmetrical triangle pattern.
A lot of buying and selling today. If current trend continues we will touch oversold conditions soon and that could be the reversal of this correction. I will be keeping an eye on what happens at the support levels drawn, and trend line resistance, before deciding if I keep or sell my long position.
Trend channels/lines, descending triangle pattern during correction and support levels to keep in mind (drawn from hourly timeframe)
Wedge forming? Price levels closer and closer to last low/high. Daily RSI dropping down to oversold levels for a potential reversal? Lower volume closer to the wedge apex. What do you think?
Earnings week for the big names might give the sector a second wind. I think we will test for 2.78CAD very soon.