AlphaBeta

AlphaBeta

JNUG and its well-defined downtrend on the D1 Chart dating back from late-2020 has been broken and all indications support this notion including breaking downtrend resistance, closing above said resistance on the daily chart, as well as holding above that same downtrend former-resistance-now-turned-support for additional confirmation. For the doubters, however,...

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The major indices as represented by respective ETFs have over the past few weeks become more and more similar in price structure on their daily and weekly charts, among other timeframes. The top left chart is AMEX:SPY , the top-right chart is the NASDAQ:QQQ , the bottom-left chart is the AMEX:DIA , and the bottom-right chart is the FOREXCOM:US2000 ...

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Cheniere Energy (LNG) - Get Long & hold on with this natural gas play hydrocarbon producer on continued inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies such as this company. Confirm price closes above highlighted resistance zone in which price...

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Devon Energy Corp (DVN) - Get Long & hold on with this hydrocarbon producer on continued inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies such as this company. Ride the global energy crunch/"crisis"" wave higher yet still to profit, profit, and...

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Diamondback Energy (FANG) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the...

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Viper Energy Partners (VNOM) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on...

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Murphy Oil Corp (MUR) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the...

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Apache (APA) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the underlying...

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Cabot Oil & Gas ( COG) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the...

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Southwestern Energy Co (SWN) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on...

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Range Resources (RRC) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the...

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Looking to for an opportunity to short DD, preferably on a bounce in price, after DD formed a head and shoulders topping pattern and pierced the neckline, combined with a break below uptrend support which had been in place since the spring 2020 lows. Upon any strength, will seek to open short position with an initial lot, being keen to add to the position just...

AlphaBeta Updated 

Looking to for an opportunity to short DD on any strength, after DD formed a potential head and shoulders topping pattern followed by price breaking down below uptrend support which had been in place since the spring 2020 lows; upon the breakdown and close below uptrend support, the head and shoulders pattern was completed as price broke and closed below the...

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I'll be using the chart for Vizsla Silver Corp trading OTC in New York, priced in USD, under the ticker VIZSF. For my Canadian friends, Vizsla is listed in Toronto on the TSX.V, where of course the shares are priced in CAD. In this particular instance, I've opted to trade the OTC share priced in USD, but have in the past bought shares of various companies priced...

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AMAT reached a new (intraday) ATH after breaking above the inverse H&S neckline on 3/24. Yesterday, 3/25, the Inverse H&S neckline resistance now turned support held, and price subsequently bounced convincingly to the upside. Inverse H&S pattern target is around $137.70 with a stop around $114.08, which when the long position was entered during yesterday...

AlphaBeta Updated 

BTCUSD recently broke out of it's recent consolidation down from it's most recent ATH just above $40k around the beginning of 2021. Successful retest of the former downtrend resistance now turned support. Flipped the short from near $41k to a long on 5:1 leverage at average entry of approx $33,650. Considering adding to the position on a near-term...

AlphaBeta Updated 

BITTREX:BTCUSD Not saying it can't mount another run at making a new all-time daily closing high above previous level, as well as plenty of time remaining to make a new weekly closing high; but I'll just keep my comment short and sweet in the interest of brevity. Two words: caveat emptor. (1) Price has run very far very fast in a very short amount of time...

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COINBASE:BTCUSD Fair warning, but when Bloomberg and mainstream bloviators on FinTwit & Fintube suddenly all turn positive in unison, singing it's praises, etc etc, after nearly a decade of first ignoring, then ridiculing, then constant drumbeat of bashing in almost perfect unison, it might, JUST MIGHT, be a goo time to think long and hard about booking some...