CGC - The professional gap up held last week, which is a bullish sign, volume was low on down days, If the gap gets tested again on a red open, I will be looking to catch reversal. trendline break would be very significant and open up the chart to a move towards $40.
I expect this to one of the top trending small caps this week and may gap up considerably at the open. First target is the local downtrend @$0.8823 If we have a bullish day do not rule out $1.40-1.50 upon crossing $1 The Weed sector will offer huge returns in 2021, but timing is very difficult, a 100% increase in daily volume may signify a short squeeze underway
If NVDA is running on the NIO news alone , I would be apprehensive I will not consider adding until the volume shelf is broken which is in confluence with the descending trendline . Given the stocks valuation , it has the ability to drag others up with it, patience on the open. Alert on at $544 for a possible add.
Lets hope the major move pre-market has legs and can be sustained. Targets $69 & $76 short and medium term
Insider buying activity has added some fuel back into the stock, which was already trying to reverse. The long term downtrend is a major level for the Bulls to reclaim.
Since early November the Mid-channel line has held strong as resistance, today it will likely be hit again, so be prepared for a breakout or rejection. Lets hope it a breakout
broke my rule and added some NIO pre market under major resistance but I believe that a breakout will come on the open which I may not have time to react to. My Fibonacci targets are $62.29 & $64.36 in the short term. RSI has room to run. Volume remains impressive and the sector is in hysteria mode. Caution must be kept when we consider the market level.
Potential day trade setup. Alert set for break the 12ma and local POC @ $ 1175 Target $1224 to the next volume shelf.
Snow reversal underway today we will see is it a dead cat bounce or more sustainable. Potential cautious entry above Pivot and 20MA @$299 Targets $349- Candle and Fibonacci resistance . $366 Fibonacci golden pocket.
Possible day trade in PYPL as it breaks from a Bull-flag. Alert on Hourly candle resistance @ $236.00 Potential targets as per chart/.
EBON closed above the 100ma and on good volume Thursday. We have our alert set on the local downtrend for another potential entry . Targets as per resistance levels and pivots. A high volume break we would hope for $ 11.50
BB had suffered a punishing sell off post earnings, maybe its time to catch the reversal as fundamentally the company is in a good position. RSI has crossed mid-point Mom - alert set for cross above zero line (bullish) Stochastic bottomed and in reversal. Potential entry above the 20ma above $7.40 Targets as per chart, with the gap as first major...
Looks primed and ready for bull-break 20ma break is the key
Hopefully the chart tell you all you need, We are trading the wedge break very successfully , looks like it has room to run.
As we suggested on our previous post , investors should be aware of the possibility of a pullback before breaking to new highs, which would result in the formation of a C&H bullish pattern. The selling may have stalled for 2 reasons. The correction hit the Fibonacci Golden pocket. The stock hit a perfect 1-2-1 Fibonacci extension. Reversal Targets $36.27...
FSLR has traded within a well respected channel since the march 2020 lows and that channel may provide us with a bullish trade in the coming days. We have set our alert for a break above $ 102 with the previous high at $109.24 as out target in the short term.
LAC is on a hot streak, but that may have to pause until the major trendline (red) is broken. They $17.50 level is the levels to watch and we have placed our alert above for a partial entry. Like most trendline breaks a back-test is always a bullish sign and a opportunity to add to position. Tomorrow may bring that break and if so $19.94 - $20.00 is our...
Descending Channel breakout today on higher volume, gains held as the market dropped - 50MA providing support. - RSI , Momentum & Stochastic in reversal - short term targets as per resistance levels.