McLaren_Trader

McLaren_Trader

The stock has been following this downtrend channel for a few weeks now and has attempted to break out three times with no luck. However the company has earnings next week and based on the previous quarters we can anticipate a solid for 4Q 2020. This should be a strong catalyst for the company to break out of this trap and go back to ATH. I'll wait for...

McLaren_Trader

Looks like the stock is just about to touch a very stong resistance and potentially heading back up

McLaren_Trader

The stock has been forming this ascending triangle for almost a month. In the last few days the stock has been touching and bouncing of the 50% retracement. I expect a few more days of confirmation at this level and then bounce back to over 60 with price target of 70

McLaren_Trader

The company just broke a very long term channel and is about to test a very strong support @143.20 that coincides with the golden reversal ratio .618. If the company reaches this level expect a jump back to 160

McLaren_Trader

Alsea just touched a strong support today perfectly in line with a Fibonacci golden retracement level. The stock is in oversold territory and is showing a classic bullish diversion. Wait for the price to hold at the current level to confirm reversal otherwise the next stop in the downward trend is at 20.50.