AndoKhachaturov

AndoKhachaturov

Bullish long and short term. Inverse head and shoulders from past several weeks has played out well. Still waiting for PT ~$21 and even higher if we break resistance with volume. Bullish pennant also points to same PT area.

AndoKhachaturov

High volume coming in

AndoKhachaturov

New wave formation

AndoKhachaturov

On Feb. 10 2016 SCTY hit a new lower low after failing to break its strong resistance late Nov. Following the new low ($16.31) we there is an increase in volume forming our peak - Neckline. During the peak there seems to be high interest, but with insufficient amount of buying pressure the price drops to our support $16.50 forming the second leg. 1) -/+ 3%...

AndoKhachaturov

Ever since UA had a 2/1 split early April, prices have been gradually dropping and it seems as though a a halt has initiated a reversal preventing us from touching ur Jan. 2016 lows of ~$31, and I believe that was the end of our Wave 4 ABC correction. Looking back to 2014-15 we see a healthy wave 3 which can be subdivided into 5 smaller waves. Wave 5 (in wave 3...

AndoKhachaturov

Last year OPK entered a bear trend falling from $19 to $7. The price gap down price during a strong trend down in Aug. 2015 marked the formation of our left shoulder. With each peak we clearly see a surge in volume which is critical for each troughs to form (Vol. also declines during the peak). A positive sloped neckline resistance is also a solid indicator...

AndoKhachaturov

After completing wave 5 late October of 2015 we begin to correct for the $63 high that was hit. The formation of a symmetric triangle seen in a bull market has a total of 5 waves each of which are subdivided into 3 further waves. It seems as though we should be completing wave C and initiating Wave D very soon. We should have a short downtrending Wave E which...