NFLX set up for a dip buy before the next earnings LONGNFLX has added 20% to price in the two months since the last earnings which were decent
but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall
from the second upper VWAP line to support from the first upper VWAP line. The zero lag
MACD shows line rising over the horizontal zero level in perhaps a sign of bullish divergence.
The lines are now over the low amplitude histogram. I will take a long trade here targeting
$650. Recent news is the CEO sold 20,000 shares out of the 12,000,000 that he has control
of. Nothing unusual there. His friends and others ( myself included) may be buying the dip.
Vwapsupport
ESPR a penny and medtech stock LONGESPR on the 120-minute chart is surging with momentum from an FDA approval for a new
cholestrol and lipid medication which will be an alternative to the at statin class which has
side effects and can cause diabetes. I am familar with a few of the professionals on the
science advisory board they are researchers and academics of the highest claiber. The chart
shows price testing and getting support from the mean VWAP and a little bit of resistance
from the first upper VWAP line. I have added to my existing position at the consolidation at
VWAP. I am well informed on ESPR market prospects; this could be disruptive.
The dual time frame RSI of Chris Moody has curled up and validates the idea. My interim
target is the double top of this past winter. I do expect increasing volume in time with the
price action that follows.
Disclaimer This a hot penny stock highly volatile - you could lose on this trade. Do not trade
with money you cannot afford to lose. You must manage the trade well to realize profit.
There are options if the put to call ratio is rising big money is pushing a reversal
KOLD triple leveraged inverse ETF for Natural Gas LONGKOLD on the 15 minute chart shows a prior uptrend followed by a large falling wedge pattern
from which in broke out then to form another smaller falling wedge. Anchored VWAP bands are
added showing price is now just above the support of the mean VWAP line also confluent
with the Fibonacci retracement of the uptrend of the first 20 days of February. The RSI
indicator shows relative strength low and less low time frame lines near to the 50 level.
I see this as an excellent setup to take a long trade in KOLD with the target and stop loss
on the chart looking to capture 15% upside.
EVAV a 2X leveraged EFT of EV Stocks Pullback LongEVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.