FLNG looks to set up for another leg up.So looking at FLNG's behaviour lately we see a W-formation was formed around the 52-55 area, before breaking through resistance from there (green line).
After this over extended W-formation a retrace was to be expected to at least the 0.318 fib, which is what happened.
Whilst testing the 0.318 fib/05 fib (60-62.50), another W-formation seems to have formed (see orange line).
Now FLNG has broken above horizontal resistance and a long term downward trendline and seems to be finding support on those previous resistances.
In short, everything seems like a perfect setup for another leg up.
My short term target is around NOK 77-80,- Which is the next resistance on the weekly chart and the top of the ichimoku cloud.
REC Ready Soon For TAKE OFF ? LoongBest case i long time see. This company have a Factory i Moss lake They gonna Open Again. To serve the Solar industri.
Stop loos 9.45
NEL is having a potential upside in the near future, but...Whie NEL is clearly going up in the short term, for the long term it is stil unclear where we are heading...
Needs to remain above 20.
Quick SwingSellers exhausted at 2.00,-
Higher lows on rising volume.
Open for a swing trade to 2.93. Netting 27% profit from current levels.
REC consolidating and ready for a breakout. What to make of $REC? It's consolidating in a symmetrical triangle, inside it there is this bullish wedge formation and the stock is basically consolidating within a range of 10.7 and 12. My bets are on a breakout upwards really soon.
Interesting levelCan go either way, but the upside is more feasible considering the current run for fuel-cell
Avance BullishAs a result to the Covid-19 the LPG market fell way below their "fair-value", which is strongly indicated in the Price/ Earnings-value around 3.1-5.1.
The stock repeatedly shows a bullish RSI in the field between 50-75.
Besides the MacD indicator showing a strong momentum to proceed the trend
I personnel believe that the stock will try entering the same pattern as it did in the strong up-trend before the Covid-19 pandemic.
This would indicate a fair-value (relative to the value before the pandemic) around 70 NOK
BW LPG shifted to positive long-term trendBW LPG shifted to positive long term-trend.
The stock has proceeds following a positive trend with positive indicaters.
The stock shows a continued momentum to proceed upwards and follow the trend.
ACC_MERSI play: Long Above 50 RSI. See line.
Twin 0.618 retracement and twice strong support on hourly 200 MA .
Could see further movement up. But not long until support is retested on moving average or diagonal support line from September and RSI sees break from 50.
Anyone interested in buying VOW? Best time to enter!Descending channel breakout/b] , retest into local support , resumption??. This might be the best time to enter VOW for a swing trade perspective and a long term perspective.
SHLF looking bullish, looking for entrySo very brief analysis of SHLF, as it is definitively giving signs of life.
We have just arrived at major resistance that previously acted as support for a long time. So expecting a retrace from here, before even looking for a buying opportunity.
Furthermore a gap was left behind at 2.48 yesterday that will likely get filled. And we are inside the daily cloud --> consolidation.
I see 3 possible scenarios:
GREEN, Very bullish:
We break resistance and out of the cloud, we retest and continue up. Buy on the retest.
ORANGE, "normal":
We fill the gap, retest the bottom of the D cloud and find support in the cloud and on the 0.5 or 0.618 fib.
RED, "bottom formation":
We go back down looking for a bottom, possibly forming a double bottom or another bottom formation.
In conclusion; wait to see where SHLF starts to find support, or if it breaks up, look for the retest and buy.
$NEL Hydrogen testing key level 20NOK on Green New Deal hopes$NEL Hydrogen clearly will benefit from a Biden presidency! If it can establish trading above 20 NOK, the stage looks set for a strong pre christmas rally.
SATS swinglooking for a good drop below monthly vwap and reversal signal before entering. SATS is currently closing it's gyms because of covid-19. The company says it has good liquidity and will most likely survive the new lockdown. Looking forward to a good potential swing.
Learning TAHi,
Follow me along, while I'm trying to learn TA indicators.
This does not hold any relevancy to current market and is for learning purposes only.
x
LS
NEL on Oslo MarketForming Symmetrical Triangle: let see... Q3 on 5th November will be released too.
it might inevitably breach the upper trendline for a breakout and uptrend on rising or alternatively breach the lower trendline for a breakdown and downtrend with falling prices... Let's see :)
