T. Rowe Price is currently at a very attractive price, historically speaking, after its recent selloff. From its recent high, the stock is down 43%, but the financials are not worrying at all. The dividend yield is approaching 4%, the company's debt levels and margins are within normal bounds. PE ratio is now at around 9.82.
Aside from the financials, it can be...
The long-term Facebook chart has an interesting shape and very clear support. After being rejected from its long-term resistance line, it about 50% so far and appears to be heading lower. Coincidentally, the 100 month moving average support will line up perfectly with the support line if it is touched soon. An RSI trendline also looks to be touched at the same...
The 10 year treasury note (TNX) is following previous tightening cycles very closely.
Since the COVID crash, TNX has been in a clear uptrend, but eventually it will hit a breaking point. The Federal Reserve is signaling they can raise interest rates as high as needed to calm inflation; however, there is a descending resistance line going back decades. This...
SHW is showing every sign of impending reversal it can while still maintaining its upward price channel. Even with yesterday's (1/3/22) sharp price decline, today it found support at the bottom of the channel.
The expected move the options are pricing in for the Jan 21, 2022 expiration date is about ∓ 3% shown as a yellow triangle here. Statistically; however,...
The most trustworthy indicator for predicting a Bitcoin peak is the Pi Cycle Top; if you use a forecasting model to predict where it should cross, it appears it will most likely happen around February 2022. Monthly RSI and Log Curve charts are also very reliable. These are beginning to converge in Q1 of next year.
In a broad view, this chart shows a very typical...
As an update, Duolingo appears to be testing the limits of its rising wedge pattern.
Mathematically speaking, when the price breaks out of this pattern, a 27.52% move is in store. If it happens soon, this would line up very well with where most analyst price targets are located ($145 range).
Other significant indicators are also becoming more bearish:
1. The RSI...
As an update, CELH is still in the ascending channel which started around the last earnings report.
The last 3 similar rallies have lasted 45, 32, and 17 trading days respectfully so this one is still completely normal in length.
Rallies 1 and 3 corrected to the 33 daily moving average while rally 2 corrected to the 165 dma; importantly, all 3 peaked at the top...
Although Duolingo only has a short price history, it appears that a dramatic pullback is ahead. The stock is in a rising wedge pattern (4 hr chart) most likely resulting in a 21.43% correction downward. The volume has been drying up drastically this week signaling the stock is too weak to break the $205 barrier. Analyst estimates hover around the $145 mark and...
LAC is continuing to hold its rising wedge pattern. It looks like sometime in the next 1-2 weeks it will break to the downside and probably touch the 25 DMA.
Options are limited for LAC, but I'll be purchasing OCT15 $22.5 Puts when the price starts to get crunched at the top of the wedge. I'm predicting around +125% profit on these options and my confidence level...
The last 3 times CELH has beat earnings forecasts, it rallies extremely high. At the end of 2020, it increased over 200%, this Summer it increased nearly 100%, and it looks like this time around it will increase nearly 50%.
Each time it seems to follow a simple channel as it peaks, subsequently correcting down to the 33 DMA. The stock managed to spike 34% and 39%...
HUT Mining should go lower in the next 1-2 weeks for a number of reasons:
1. Bitcoin has corrected in the last week, but HUT's pricing hasn't proportionately reflected the drop yet.
2. Volume has dried up since BTC's drop, this often happens before the price returns to a more stable support band like the 33-day moving average.
3. RSI is showing that it is...
LAC is likely to revert to the 25 daily moving average for the following reasons:
1. The stock has gained nearly 40% in the last month with no major correction. Even though it has largely been mirroring the rise in Lithium futures, this rate of growth is unsustainable.
2. The daily price chart shows a very clear rising wedge pattern accompanied by both volume...
