Approaching key level for reversal, wait for confirmation!
Whether this is a level 2 Wyckoff Method with a further rise to Level 3 ($1.30 range) or an M top formation, a retrace is do after it's insane 40% rise these past few days.
Perhaps we need Mario to come in. BULLISH on NTDOY - The Switch is now Nintendo's best-selling home console ever Feb 3, 2022 — Through the first nine months, its sales are 6 percent lower over last year to $11.52 billion. As for software, Nintendo said it saw the highest ... DKNG AVG POSITION: $18.60 DCA Monday on Signs of Consolidation Take profit at $20
No entry. Look to see a break to the upside for continuation of the pattern for a long. Retracement expected but will it break the channel? Look for short on retrace if channel is broken with confirmation.
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Could see a third move upward but possibly not till Friday. Tomorrow I'll be setting up some limit buys at support and watching for any other opportunities.
If so let's look for a run to $10 If broken expect break down to $6.50 support range
Stop loss set below support. Selling 50% at each resistance level.
Rough W formation retraced back to support but still higher than the second bottom of W. Looking for a bounce up to $17 before seeing another retrace.
Marked various buy in points for various risk appetites. Will we see Happy Days ahead? Price needs to remain above support to confirm the pattern playing out. NASDAQ:TLRY
AMC retracing today. Needs to hold above $38.00 and start moving up. Safety buy in when price exceeds $46.34 and should see movement up to $49.75 if that condition is met.
Tilray moving up again today following the projection nicely. We need to see a move up to $15.30 in the next 1-2 days to stay on track!
We saw TLRY pick up some points today and should see a kick up to resistance level at $15.30 before seeing some retracement. Looking to see a higher low form after retracement to make a W formation.
NASDAQ:USOI Level 1 (of 3) Hit. M Formation confirmed. We are headed down this week unless price breaks $5.31.
Support price has been broken but appears to be holding for now. News of DELTA COVID VARIANT has the market spooked for another "Covid Crash". No Buy In point presenting itself yet. Wait and see if support holds and if price can get to bullish reversal confirmation.
NASDAQ:SXTC Confirming W Formation. W Formations only appear BELOW the 200 Day EMA Start of possible uptrend. M Formations only appear ABOVE the 200 Day EMA Start of possible downtrend.
NASDAQ:USOI USOI Looks to be ready to form an M formation signifying a top. If it breaks $5.42 expect more Bullishness. However, if price doesn't break, expect a period of downward price action.
NASDAQ:SXTC Seeing a nice W setup for this one. Already had it's first pop up to level one. Retracing nicely for a good buy in point. Wait for confirmation (price beats previous high) for safer trading action. Those who are less risk averse may want to get in sooner for better gains.