Note: I am LONG NYSE:VRT A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high. My long entry triggers when price > right shoulder high, which...
SPCE is at a line in the sand of the chaos of the market. On the 4H chart, price has bottomed and might be making a reversal pivot as supported by a rising line segment on the RSI out of the oversold zone. The though of a reversal is also supported by price crossing over the POC line of the volume profile. Price above the POC line shows buyers are...
I never heard about The Merchant of Venice before this morning, but the more I read about it, the more Intrigued I became. The Merchant of Venice is a 16th-century play written by Shakespeare in which a merchant defaults on a loan provided by a Jewish moneylender, Shylock. For the purpose of brevity I can't go through the play or all its characters in its...
3-4 wave=0.38 2-3 wave 4-5 wave=1.6 3-4 wave AB=1.6 4-5 wave BC=0.38 AB CD=2.24 4-5 wave
Most of the volume is being traded in the $64-65 zone. Every move into this area has result in violent selling back down to the volume shelf. There's a chance this ticker will move upwards quickly on the next solar push.
Over the past few days, there appears to be violent and sudden selling pressure every time LAZR hits the 34.5 to 35 area. This leads me to believe that someone large is short selling the stock right now. It also increases my confidence that this LAZR will take off if any positive news catalyst occurs, forcing shorts to exit their position.
None of the fundamentals of $HYLN has changed. In my opinion, it is still close to picking up key support levels. $HYLN has already been oversold, and it has low volume into an earnings call that I believe has some high potential. I would say, buy and hold. This stock should be at the very least $25 if it wasn't for the massive market overreaction. I think the...