goodguy

goodguy

From yesterdays post you can see I am longer term bearish. But shorter term I see 2 distinct views, one bullish the other bearish. We have to see how to wait to see if price breaks up or down out of the smaller trangle in the left chart.

goodguy

Waiting for the current 2 hour uptrend line to be broken . Process your way.

goodguy

Please seen my posting from February 2018 (see link below). My guess at that time turned out to be pretty accurate. So here is my f/u and best guess as to what is to come. New followers please see note below.* The US Dollar has been in a long term downtrend. The action from 1987 to now is a roller coaster type action. To me it looks like a sequence of of a-b-c...

goodguy

A lot of overhead resistance, but looks promising. Process you way.

goodguy

UP strongly on big volume today on very positive news. Expect volatility. High risk. Process your way.

goodguy

F/U from the January post (see link below). Since January price continued up to just above the weekly channel I drew. (It is right at the top of the channel of your use the "3" high as the top of the channel--black line). In doing so the weekly RSI is the most overbought it has been since 2004. Often ( but not always) there is a Fibonacci relationship between...

goodguy Updated 

F/U from posting from June 2020 when price was $1. (link below) We may be close to a correction or top. I'm taking partial profits today. We may see further up action to the channel top. Process your way.

goodguy Updated 

If price closes up above the current short term downtrend line BEFORE going below the "c" of the current triangle consolidation it would support this idea. Further confirmation would be price > than "d". Process your way. Enjoy the weekend.

goodguy

F/u form July 2020 when I suggest a rise to the horizontal dashed resistance level.(see link below). This was hit recently and price has now dropped back to the long term downtrend line. ?? Will it become support? What do you think?

goodguy

This is a f/u to a posting in October of 2020 when I favored oil was likely to rise and a posted this target box. (see link below). The target has box in now entered. Price is at the long term downtrend line. (see a weekly chart) My RSI target is hit. We are close to the previous high of January 2020. The RSI is in overbought territory. Of course it could...

goodguy

Cytodyn Inc. (CYDY) is another biotech. It uses viral immunology to develop treatments for HIV, Covid-19 treatment, and NASH (nonalcoholic steatohepatitis). NASH is greatly on the rise. The Price action from 2006 to 2020 could be seen as an irregular "W" base. Price has gone the major resistance line (1) now twice on a big upswing in volume. There is a...

goodguy Updated 

Looks very promising to me. Take a look. Process your way. Up 6% do far today. Feedback always welcome. From Zacks HighPoint Resources Corporation is an exploration and production company. It focuses on the development of oil and natural gas assets primarily in the Denver-Julesburg Basin of Colorado. HighPoint Resources Corporation, formerly known as Bill...

goodguy

Long term downtrend line broken. V shaped upswing with much increased volume. It has a well patented potential product that has great promise in assisting in treatment of difficult cancers. Like all small biotech companies there is often a lot of volatility and risk. I'm looking for a rise to 9-15. Yesterday jump due to Buy rating with target of 15 by HC...

goodguy Updated 

Up strongly daily on projected production for 2021.

goodguy Updated 

Long term: The cup with handle pattern with the break up out of the handle is vey encouraging. If we later we get a weekly clear break up above the 41.5 level I think it would be very bullish. Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled....

goodguy Updated 

If you check out the link below you will see how good the resistance Fibonacci levels were helpful in this case. (link below). 3rd waves in EWT are often sideways consolidations such as triangles which is what developed in this case. I think a further advance to end wave (5) will likely take us to around 26-27. Some firms have put a target of 35 for this stock....

goodguy

On the previous post on 8/4/20 I also suggested an upswing soon as the ".4" point was approaching.(see link below). But after the rise there has been a stall which may be soon over. So watch for signs of reversal. If this count is correct the next upswing could be a hefty one. I don't trade futures. Other possibilities to trade this include PPLT, and mining...

goodguy

The daily chart appears to likely have completed a triangle consolidation as I suspected on the previous post (see link below). On the weekly chart you see examples of bullish and bearish divergences in the RSI. On the daily chart we have 2 negative reversals (dashed lines) and the target each suggests which are basically the same. The "2" reversal is followed by...