$SHOP 30m and D linked**$SHOP** This one looks a little tricky but my heart and mind are calling it against the algo flow... Algos have $SHOP going long. I think the bull flag failed after the gap down and created bear flag with a green bar where everyone is getting caught up in. You can have a green bear flag. Then there is a head and shoulders inside the flag. I think we will rise just not yet. I have $SHOP breaking down to 690s tomorrow then I have it going further downside into the right shoulder of an inverse head and shoulders. IMO we break to 690s tomorrow then we dip into the inverse head and shoulders bounce to retest the neckline then drop into the right inverse shoulder at 581-561. Then we start to rise out of that and head for the 800-900s.
Paragon
$NVDA**$NVDA** off the 4hr chart we are looking like another super banger. I will look to take position here after we pop in the am sometime 264.84... So if you have DT capabilities you can start with a quick scalp from the current position and grab this 4-5pt move. Then grab the some short action into a possible swing for one of those high percentage performers! Target 248 and then possible runners at 240 and 230.
LONG TO SHORT OR JUST WAIT FOR THE SHORT
Paragon is showing Trend Reversal to UpsideAn inverted hammer is formed showing it is at bottom of downtrend with banker chips still inside. A bullish candle is needed next for confirmation.
Currently it is a good entry at support at 1.775 and the next resistance is at 2.280. A non-FA stock which is only good for short term holding.
Disclaimer: Trade at your own risk.
Paragon Care - Potential H & S formationThere is a potential H & S forming. The .66c -.70c level is critical. A break of the neckline and the up channel will see the price seeking support lower around the .56c level. Let's see if the 200 day MA provides support or the rpice breaks down. Note the fib levels for bounces in price especially the 0.382 and its close proximity to the 200 day MA. The purple dotted arrow shows the full retraction if the H & S formation breaks down. This is not a recommendation to buy/sell nor should be construed as investment advice.
ASX:PGC Paragon Healthcare - waiting for a good entry pointASX:PGC Paragon Healthcare seems to be gaining traction and has a slight pull back recently but I would still wait for a clearer signal to enter. A nice cup and handle has been formed and i am waiting for the RSI to cross the 50 mark with conviction before entering. That will also mean I prefer to enter after the prices cross back into the main channel at $0.855 at least. It might be proven to be a little late in future but a stronger signal to enter is still a safer bet.
If you decide to enter now, set your stop loss tight at $0.795 or $0.765 depending on your risk appetite. Target set at between $0.96 to $1.045 (ATH).
A break below $0.765 will invalidate this view.