JSE:LHC Life Health Been Waiting for the ContinuationLife Healthcare has been trading in a downtrend. After a redistribution and backup to the trading range, the expectation was for a continuation (See posts below). It has taken some time but with some volume, it seems LHC is only now ready to be marked down further.
Volume Indicator
LIVX - Bullish Pre-Market - Drop Retracement Due?LiveXLive Media, Inc. engages in the acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment. The company also involves in the sale of subscription-based services and advertising from music offerings and the licensing of live music content rights and services. LiveXLive Media was founded on December 28, 2009 by Robert Scott Ellin and is headquartered in Beverly Hills, CA.
SHORT INTEREST
2.22M 08/30/19
P/E Current
-2.90
P/E Ratio (with extraordinary items)
-2.94
Average Recommendation: BUY
Average Target Price: 5.86
JSE:PFG Pioneer Foods Showing StrengthAfter breaking out of the accumulation TR with a large jump across the creek (Wyckoff analogy) price has been unable to break back below the yearly pivot point and volume remains high. Watch for the next leg of the markup.
JSE:BTI British American TOB Reaching OverboughtBTI has undergone distribution, a backup to the TR and is busy with a markdown. Since the beginning of 2019, it looks like a redistribution TR is taking place. Now price is approaching the overbought line. There is negative divergence with the volume RSI indicating a continuation. Will be looking some supply volume to push the price further down.
JSE:AWA Arrowhead Properties Not One to BuyArrowhead Properties has still not reached the bottom and there is more pain to come. After a steady decline, a trading range (TR) formed after a selling climax (SC) in 2018 that gave some hope for a recovery but it turned out to be a redistribution TR. Volume has steadily decreased indicating no interest in the stock. After a break of the climax low and a backup (BU) this stock is ready for a further markdown.
JSE:FFB Fortress B Testing Patience There are buyers at R10 for Fortress B. After a selling climax (SC) at this level we have seen a high volume spring and now a test on lower volume than the spring indicating supply is being exhausted. I have been waiting for the markup that typically follows the spring (see posts below) but have had to be very patient. Last week we have seen a test and this could be that signal to go long.
JSE:RPL RDI Reit AccumulationAlthough RDI Reit has been in an overall downtrend on the weekly we are potentially seeing an accumulation range that has formed that should result in a backtest on the larger TF. We have gone through the Wyckoff Phases and potentially are seeing a last point of support (LPS) after some signs of strength (SOS). Some but not very high volume on up bars could point to someone buying into the stock after a high volume spring.
JSE:AGL Anglo American Buyers at Oversold LevelsAnglo has been trading in a well defined upward stride. After reaching the oversold line and yearly pivot point we have seen buyers step in as indicated by the increase in volume. There is also negative divergence with the volume RSI pointing to a continuation. Looking for the upward stride to continue.
PRTK - Increased Volume From Bounce. Could Keep Trending UpParatek Pharmaceuticals, Inc. engages in the development and commercialization of therapies based upon tetracycline chemistry. Its products include omadacycline and sarecycline, which are used for the treatment of community-acquired bacterial infections, including community-acquired bacterial pneumonia, acute bacterial skin and skin structure infections and urinary tract infections. The company was founded by Walter Gilbert and Stuart B. Levy in 1996 and is headquartered in Boston, MA.
P/E Current
-0.95
P/E Ratio (with extraordinary items)
-0.89
Average Recommendation: BUY
Average Target Price: 21.33
SHORT INTEREST
10.98M 08/15/19
BTC breakout incoming!Hello Traders,
Today’s chart will be an update on BTC’s recent price developments on the hourly chart
Points to consider,
- Support is at the .618 Fibonacci
- Resistance is at the .50 Fibonacci
- RSI is respecting the trend line
- EMA’s acting as resistance but looks weak
- Volume below average
- Equilibrium playing out
BTC is approaching decision time on the smaller timeframe, which will dictate where the overall trend is headed. Price has respected the .618 Fibonacci multiple times, with the downwards sloping trend line proving resistance; price is forced into a smaller equilibrium. Volume is way below average and with the EMA’s giving price resistance we are bound to see a break in price. The overall trend is still quite bearish with consecutive higher lows, however we could see a potential macro higher high if price where to break bullish…
What are your thoughts?
Please leave a like and comment,
And remember
‘’No one strategy is correct all the time’’.- John Paulson
JSE:FBR Famous Brands Markdown Set to ContinueFamous Brands started a trading range (TR) at the end of 2017. It turns out that this was a redistribution TR. After breaking the TR there has been an effort to return to the TR but was unable to do this. After the backup, the markdown is set to continue.