On verge of major breakout (continued..)Bullish harmonic. Pattern in combination of low float stock such as KMPH is very bullish setup especially since the stock has been hovering around previous highest volume day of 1M shares traded. the stock has been hovering around 900k and reluctant to break 1M but the tutes are getting anxious as investor Samuel Braun decided to add to his position and steal shares from tutes attempting to manipulate stock price so they could add more. With KMPH’s new big blockbuster treatment for ADHD and main ingredient SDX which was recently announced to have received a Schedule IV narcotic (all other Stimulant based ADHD such as adderrall and Ritalin are schedule 2) the company looks to soon initiate KP879 which is comprised of SDX and will be first of kind treatment for stimulant use disorder (there are currently no treatments for SUD). Also Corium has told KMPH CEO Travis Mickle they would like to see kmph get Azstarys label expansion for treatment of ADHD in pre-schoolers!
Exciting times ahead for Kempharm team.
Disclosure: i am long KMPH. I am not a licensed financial analyst and this information is to be used for educational purposes only.
Blockbuster
BTCUSD Eyes 1900 LevelI accidentally posted today's short-term price update elsewhere (see chart below). The current wave count and levels are drawn on this chart. Keep track of the pitchfork, as it defines the trend. As long as the price stays within it, there is no clear sell signal.
Previous chart:
BTCUSD Short-Term Update: One More Wave UpThe "Alternative wave count" from my previous update has become viable. The A-B-C structure of the last swing down suggests the price should make another high before attempting a deeper correction. At the same time, currect pullback may be more complex with prices moving down to $1640 area. Important price levels and suport/resistance zones are drawn on the chart.
BTCUSD: Short-Term Triangular Price ActionSince the last update, the price has been consolidating within a Triangle pattern. Usually, Triangles are trend continuation patterns, which means new highs are quite possible. It is safer to wait for waves D and E to develop, and go long just above the Wave D top with a stop-loss below Wave E.
Of course, an emerging Triangle can easily be transformed into a deeper Flat-like correction. For me, the break of 1495 would signal more selling pressure with prices heading below previous pivot @1444.
BTCUSD: Short-Term Update!Volatility hell broke loose yesterday evening with prices making wild swings. The pitchfork setup from the previous update proved valid as it signaled an 80-bucks sell-off. Still, the main bullish trend remains intact as seen in this daily chart:
The market is trending in Wave 3 -- usually the strongest wave in the cycle. My view is that the price could make a new high before completing Wave 3. Pay attention to this Pitchfork, which is our main channel for the Daily chart.
The intraday chart contains detailed short-term price levels and waves.
BTCUSD: Short-Term LevelsStrong upside momentum allows for new record highs every day. It's becoming more evident that the market is trending in the large Wave 3. The short-term chart (m15) shows a cluster of resistance @1563-1569. I would like to draw your attention to the Pitchfork: as long as the price stays within it, the micro trend is clearly bullish. The first sign of a pullback would be the brake of the lower pitchfork line.
BTCUSD: Short-term pullback imminentBTCUSD is trending upwards in a technically fine channel. 1478 level is a convergence of 2 separate Fibo extensions, and it proved valid yesterday. There is no bearish divergence, so higher prices are yet to come. That being said, it is safer to wait for a deeper pullback before re-entering the trend.
Close up bearish Elliott Count for GameStopFundamentally this company is looking quite grim.
As an avid gamer, i know (as do most) the future is digital downloads. There is no reason for a company like this to be the "middle man". As much as I like owning a physical copy of the games, I'm a minority. Most people are lazy and want gaming on demand. Its like vinyl records.
Gamestop is quite reminiscent of another distributer (cough...blockbuster...cough) that got hurt by the transition to the digital distribution model - I can't see why Gamestop is any different.
And with companies like Steam, and EA (with origin) and other more independents leading the digital distribution model, this company is game over.
Not to mention, the CEO talking about making the company some sort of Apple / cell phone distributor or some s*#@ is nothing but bad news bears.
Anyway, on a larger time frame, please see my older chart here:
