All description on the chart. Please, don't forget to like and follow. Thank you.
All description on the chart. Please, don't forget to like and follow. Thank you.
It is swinging up by making higher highs and higher lows. There are both 100 and 200SMA ahead so it can pull back to bottom of the channel after hit them. If you find my charts useful, please just "Like"
$TREX did %25 last week. It broke out on last friday but the volume is below the average and rsi couldnt go above 70 yet so it may pull back to fill the gap. If you find my charts useful, please just leave me a "Like" thank you
Mastec is just hanging around 50SMA. It has been trading below 50 SMA since November 2019 and now it is very close to break it. fib 0.618 and 20SMA is holding, Additionally it is forming unconfirmed cup w handle. It needs to break and hold above $48 for the confirmation.
TSLA is rising but RSI is stil weak. Technic doesn't support price rising. The trend will be directed up to EPS result.
$MRCY is breaking out the pivot. However, there are two things to watch out. One is RSI which is still under the trendline and the other is volume that is also under average. It matters how it will close by Friday
Even though the price is below 50SMA on daily, It stays above both the support coming from 2000 and 50SMA.
#Anglogold is cooling down, after long rally? It may pull back
#DeltaAirlines holded above the trendline and still struggling to keep its position.
#LockheedMartin is just above 50SMA and holds on fib 0.618. However, the last 3 candles look slippery
It's rare that we get to see the price a services economy pays when it ships the manufacturing of vital equipment overseas in the perverse pursuit of cheaper prices.
#AxonEnterprise broke out the down trend and daily 50SMA but the volume is low.
#ZtoExpress failed breakout so far. forming double top, negative divergence
Can't really make a trade here, but thinking about the relative value of other businesses, Alcoa getting below $2B valuation with $128M in FCF is a weird place to be. Other industrials could quickly nab them to maintain supply chains and consolidate the group.
Pattern: Channel Up on 1M (since September). Signal: Bullish with 1 position now on the Higher Low of the pattern and if it breaks 1 more on the 1D MA200. Target: 30000 (projected Higher High).
The stock price has been rising since a double bottom in early October. It broke out of a downtrend today with the price finding support on a level where the price gapped up. This area is also where the 200-EMA line is. Today's short float on this stock was 11.71%. Price targets are noted on the chart.