SPX Made a move away from our previous high. MACD crossing fulfilled itself and gave us a drop in yesterdays market. The current low stands at 3207 which is a great area to buy.
We will be looking for a test of the 21 EMA on the hourly at 3237 and for it to continue into 3252 to close out our long trade.
I am still skeptical in whether or not...
HUGE has potential bottomed at its level .280 and has since shown enough strength to break through several points of resistance. It is currently holding above EMA levels up to the daily chart and I could see this continue until our next big test on the weekly. I bought in at .335 and will continue till resistance at around .500 to wait and see if it breaks...
Namaste weekly outlook. SMA on 1 HR + and Daily is on route to cross creating large bullish signals.
If fib 0.382 can hold tomorrow Namaste would have momentum to move up to the 2.40 line in hopes to break through. With that would give confidence in further uptrend.
1HR - EMA, SMA READY TO CROSS, RSI SITTING AT 40, MACD Cross at -.20
4 HR EMA BEARISH CROSS, SMA BULLISH, RSI sitting at 50 and MACD setting up for a BULLISH CROSS
1DAY EMA SMA BULLISH, RSI sitting at 60, MACD BEARISH
EMA SMA BULL, RSI 84 BEARISH, MACD BULL.
Looks like its on a continuation of current trend
GOOD AFTERNOON FELT LIKE UPDATING THE CHART. STILL NOT A LOT OF CHARTING LOGISTICS TO REALLY PROVE A PATTERN BUT HERE IS MY TAKE. TODAY PROVED THAT THE STOCK HAD ENOUGH MOMENTUM TO SWING THE TREND OF THE STOCK. WITH THE BUZZ OF A POSSIBLE NASDAQ LISTING AND THE NEW 60,000 KG OUTDOOR GROW OPERATION THAT WAS A HELP. WE ARE SEEING A SELL OFF PATTERN TODAY IN THE SAME...
First time publishing a chart since starting to trade and becoming a member near the end of August. Thought I would keep it simple. With this being said its ALEF's first time floating around the 3$ mark. As you can see multiple sell offs have occurred since September 27th however seeing minor sings of support as well creating consolidation for this stock....