According to the daily chart, FSR may need a pullback after failing to keep above SMA50 at 11.45, before starting a new uptrend in few week time. It may reach to 17-18s in July / August. You can see a similarity between waves A1B1 and A2B2. My idea can be completely wrong, please do your DD before entering a trade.
DOCU stock lost $73 in the pre-market today after announcing a weak Q4 Earning report. Now it is at $160. Is it a good buy opportunity for the company believers or bargain hunters? Have a look at the chart, I think it should fall to the long term support trend line (in dark blue color) in a couple of days before starting a new uptrend for its sustainable growth....
As a BTC mining stock, RIOT SP and BTCx are correlated, so the sharp fall in BTCx prices made RIOT lose 13% last Friday. RIOT is currently moving along a rising channel (defined in green colour in my chart). The current trend line (in bold green) is acting as the main support for this stock. RIOT SP should fall to this line and bounce back up quickly if BTCx...
After setting up the new ATH at 36.49 recently, LAC is going through a healthy pullback before the next run up. The weekly chart shows it is forming a bullish pennant with a possible retesting SMA 20 AT 30.20 and the previous ATH at 28 .71 (last January). It is also forming a trend line support (the bold blue line). If it holds, we can expect a breakout towards...
The VIR weekly chart shows an obvious resemblance between Phase 1 and Phase 2, so we can expect a breakout to $80-90 zone on good news, for example Q4 Earning report with Covid treatmengt Sotrovimab sales worldwide or good trial readouts from their developing products, when the Phase 2 completed. Note: VIR share price is heavily undervalued, the fair share value...
The sold off Sphere 3D stock after the report came out on 15th November, coincident with Bitcoin pullback. Having looked at the weekly chart, we can see ANY is forming a descending triangle with the base at 5.60 as its long term support. If this support hold through until December, we can expect a breakout toward TP 8.60 and it may test the last peak at 12.28 If...
QuantumScape Corp. (QS) is approaching a major resistance line at $40 , If the stock manages to break through this level, a breakout is expected! During the first few months of the year, QS formed an important level to watch at the $40 (blue) mark, as that level had provided both support and resistance. QS looks like it’s on its way back up to that level again,...