looks like its ready to go. huge bullflag, sitting on FIB line retracement.. cup and handle forming on most recent setup. pullback to 2.50s and then rockets. looks like a fake breakout to suck in some shorty fuel good luck
as per request, analysis on EGO I would wait to buy in the lower range in the box. The STOCH RSI always come down to around the 0 level before a move back higher. it seems to follow that pattern, looking back on the daily chart and see reversals happen when it bottoms out also, the Fibonacci support levels are pretty close from the big dump previously and also...
I like this play as a long term hold and seems to have broken the 27.00 range. Looks like a darvas box breakout on low volume. I would expect a retest of 27.00 as a cool off of the current run, then moving higher again. slightly overbought, but i wouldn't expect it to make a full correction. 27.00 has now become strong support. I would enter at 27.00 and set a 1%...
Looks like XXII retesting lower level of 1.00, .95 not out of the question. 1.04 is the pivot here , so a close under 1.04 would be a bearish sign short term
Why I think the markets will pull back shortly: - The black lines in the volume chart showing declining volume on runs throughout the year. Pretty low relative volume currently on this latest run to new highs - Extended above the moving averages, It certainly looks like it will come back to the major moving averages - RSI is very high (although it can stay pegged...
this thing is going to go up 5+ on earnings and technicals... low float with 7 mill OS.. weekly bollinger bands says this is going to blow up with bullish divergence on MACD..
looks like it wants to go to 28, above vwap with a similar setup than before when it gapped up previously. looks oversold
wheres the bounce? needs to bounce here or its going to get ugly... airlines across the board are green on 8/26 but this cant get out of its own way. interesting to see it hit it head on the 20 day average quite a bit. still holding and averaged down on 9/13 calls.. GL
EGOs run seems to be over for now, it had produced a continuation gap (bearish candlesticks), but that alone isn't enough to make a confirmation. After today with the 10% drop on shelf offering news.. it formed a bearish engulfing candle. Bearish engulfing also alone by itself is not enough to say bearish also.. so you look for volume confirmation. It seems we...
I think we all know gold is heading higher, cooling off after the break of 1500, will backtest the support zone and then should head higher. GL
Looks like it wants to bounce up to The blue line, however long term trend is down so keep an eye on the bigger picture. Oscillators starting to turn up
Earnings out with CC at 11:30am... Australia is rallying hard with gold miners and gold is up big overnight. Earnings were decent but nothing crazy. Hoping for Greek mine updates this morning and we should be off the the races again bollinger band gave me a buy signal.... upper band 8.32 middle 8.05 lower band 7.78 look at those for pivots or gaining/losing...
looks like when FEYE hits low 20s for RSI it seems to bounce pretty significantly shortly after. could be a great scalp on some OTM calls. GLTA
will XXII slink lower or is this a scare tactic by our resident MM. Looks like they are slowly stair stepping down over the long term but allowing a channel to swing the stock over a set period of time. This has no news going for it, and company doesn't seem to care. Bearish until uptrend is confirmed or company issues some positive news.
looking where AKS might head next, may need to cool down a bit before pushing higher, but good earnings and momentum are on its side. needs to hurdle current levels and create a base here for me to want to go long, If you missed the run, wait for some consolidation at support and go long with a tight stop. GL
In my previous post, I was bearish on EGO and bought a few puts thinking it was ready to turnover agan. Now watching it after it cooled off and has been; making higher lows the past few days, not breaking the trend line.. I am cautiously bullish. Looks ready for a push into the 8's. I bought some near ITM calls to grab some profit from the next push. More volume...
Looking for exhaustion on the EGO run from 3's. Volume is declining and approaching OPEX.. support around 6.80s then maybe look around the 6.00 area for support. finding support is tough on these kinda runs. GLTA
VOLUME! The yellow arrows showing the spikes come with volume. Its a low float / low volume penny stock. However the bollinger bands are tight. Im playing with this bollinger band strategy seem to predict some upcoming spikes. Seems to predict some moves with UUU. Also just had good earnings report, looking for this to make a move higher