NNOX Bull Run on FDA Clearance ( Med Tech)NNOX on the 15 minute chart is on a 100% move due to FDA clearance of its new 3D technology for Xrays. This will revolutionize Xrays for the
medical field like MRIs did when they come out compared with CT Scan. This is an Israeli company whose technology will be inexpensive and will
potentially be adapted globally. The market is measured in multiple billions $$$. The chart is self evident. Notable, is the volume spike
corresponding to the price action.
I will buy a large quantity of call options DTE about 90-120 and scale out gradually and unrealized profits are shown.
MRI
MRI, SPX divergence is a bull trap, not a bull run.we point out that the current SPX levels is as high as they were in late May, however MRI levels were higher, then.
we were also unable to test WMA200 in daily chart, something we're doing right now.
this could be a divergence, or SPX could be front running our MRI.
in case SPX is a front runner, we'd expect a side way move withing the depicted gray box, just above the WMA200.
in case it's a divergence, that would suggest a bull trap instead of a bull run. thus, we'd expect a false WMA200 breakout, topping most likely at the top of the box, reversing afterwards.
thank you for your attention.
best regards.
mri looking like it's getting to make a next leg higher I've been in this since early Feb and its been a wild ride my first meme play I threw a decent bag at. Haven't started scaling out at all yet and will look to start doing so on the next leg up. Looks like a potential bottom might be in but its hard to tell and really depends on what kind of traction and hype this gets in the coming weeks. Definitely not something I'd like to hold in a bear market so hopefully the sooner the better.
Weekly MRI Sell on PYPLSentiment: Short term Bearish - sideways
This week (week 30) there will be an MRI sell on PYPL indicating the probability of an 1 to 4 week correction.
As you can see on the chart last week's candle was a very strong up engulfing candle so it has yet to be seen if we can get the correction or not. For me it all depends on the candle we will print this week.
Especially having the MAs (20, 50, 100) trending up which is an indication of a strong uptrend.
What makes me think that this MRI sell will pan out is the fact that the engulfing candle stopped just short of the prior swing high and that it might be to difficult for PYPL just yet to go for new ATH.
Let's see.
The daily chart somewhat negates the bearish sentiment of the weekly chart. It just took out the prior swing high and was strong on the bullish MRI star candle.
Also the MAs show no sign of a correction on the daily.
Therefore combining the information on the weekly and daily charts a plausible scenario would be that this week we will move a little bit up or sideways in order to print a reversal candle on this weeks MRI sell and a daily MRI sell next week Monday in order to then have a (moderate) sell off next week.
As always, this is not trading advice, but only my views on the market.
Please do your own research before entering any trade.
Happy trading
MRI sell on ADBE weeklySentiment: Bullish - sideways
This week (week 30) there will be an MRI sell on ADBE indicating the probability of an 1 to 4 week correction.
As you can see on the chart last week's candle was a very strong up candle so it has yet to be seen if we can get the correction or not. For me it all depends on the candle we will print this week.
Especially having the MAs (20, 50, 100) trending up which is an indication of a strong uptrend.
Although the MAs are still indicating a strong uptrend looking at the daily chart we may expect a possibility of supporting the MRI sell we saw on the weekly. If the doji that was printed Friday evolves into an evening star, we may well see a correction in ADBE.
This correction ideally would take us back to the 20 MA, from where the uptrend can then continue.
As always, this is not trading advice, but only my views on the market.
Please do your own research before entering any trade.
Happy trading
LTC to $100?Ugly cup and handle formed on the 1hour chart which handle has turned into a symmetrical triangle which may have currently broken out? Need a good close above triangle and LTC may see $100. On a #2 of the sell set up according to TD sequential. Looking for a MRI top. possile will see upside for a good part of the day.All depends what daddy coin decides to do.