Paratek 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...
Today we have seen a high volume bar with a small range indicating effort without response. Some demand has entered the market and a rally is possibly on the cards this week.
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...
S32 has been in distribution which is now complete and the markdown is gaining momentum after breaking the TR.
Famous 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.
Mediclinic is showing signs that the stock is being absorbed. Volume has been declining since the trading ranged (TR) started in January. There are some signs of strength and recent minor signs of strength. Watch for the jump out of the TR.
1 minute ago Price is in two conflicting chart patterns Bullish flag is a bullish continuation range pattern Descending Triangle is a bearish pattern We are able to let the market decide this conflict and trade on a daily close in the markets direction. Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns....
Hello Traders, Today's chart will be on XRP's current price action, Points to consider - Overall trend is bearish - Major structural support broken - RSI coming out of oversold conditions - Both EMA's acting as resistance - Below average volume - Potential bullish divergence - VPVR showing low volume of transaction at current area and resistance The...
Pennant is a Triangle form chart pattern. It is a continuation chart pattern and this one is Bullish. Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias...
Seres Therapeutics, Inc. operates a microbiome therapeutics platform company, which engages in the development of biological drugs. The firm creates medicines using live bacteria to treat diseases resulting from functional deficiencies in the microbiome, a condition known as dysbiosis. It focuses on implementing microbiome therapeutics platform to develop...
Curro has been in a markdown for some time (see previous post below). We now see some buying volume stoping the decline. Following the Wyckoff theory, the selling climax (SC) indicates the start of a trading range (TR). This could be another stepping stone in the markdown or is it the start of an accumulation TR. But for now, we can expect the stock to be...
Vodacom has required some time but it seems ready to take the next step down of the overbought line of the downward stride. After the redistribution, range has played out and with the market turning down Vodacom may follow the market down.
Truworths is breaking below the distribution trading range (TR) that was started in 2013. We have seen a backup (BU) to the TR and now the markdown is getting going.
We have seen a long distribution trading range (TR) which formed from 2013 to 2018 that is now playing out to the downside. The markdown has now had a redistribution TR form and has reached the overbought line of the downward stride. Expecting the markdown to continue with a break of the TR.
Super Group has undergone distribution since 2016. After a backup to a Last Point of Supply (LPSY) and the 200 Week MA the markdown is starting. There is divergence with the volume RSI and it seems that there is more downside to come.
Lower volume is showing possible fake price action with a possible bull trap in play. I'd be very careful over the next few days with this. We believe a possible drop due to a rejection here because the volume has been a lot lower than previous rallies. However, a surge could create a FOMO rally back up to 11K + levels.
Following a repeating pattern, this trade has played out nicely (See links below). We have now reached the overbought line of the trend channel. With a throw-over and volume increase, this looks very climatic. This could possibly indicate the start of a trading range.
Goldfields has broken out of a two (2) year TR and after a backup (BU) has started the markup. Recently after a buying climax, we are seeing a possible reaccumulation range. Some volume is again stepping up and we are looking for a break of the smaller TR for the next step up.