The movement follow exactly descending wedge in the past. Ethe did a very good job to exit the wedge; however, volume is not big enough for further uptrend. This pull back's purpose is to gain enough volume for the next rise. I still stand out until higher buyer's volume appear. (I still expected another drop if we still have low trading volume). What we need...
ACB had a huge increase in price together with a huge volume which is perfect setup for the trade. With the decrease volume after the peak has reached, it followed and retested 2 support lines it has created during the run. It is very interesting that the supports follow exactly FIB at 0.3 and 0.5 and make a retest for 0.2 level. By the movement of RSI going down...
The market move did make a gap line waiting to be filled. I noticed the gap and wait for the best entry to jump right in. At this current time, we can see Higher Low with hammer candle hold perfectly the price above the leg. Also, with the RSI move up, I am confident enough to say the smaller down wave has ended for another bouncing up. There is a gap waiting to...
The Covid-19 happened for a reason for HD, a perfectly re-bounce follow exactly the HH-LL trend line. Also, the price follow exactly the movement of RSI. The uptrend still continuos in a smaller time frame until the earning. However, I expect a nice bounce back for the next year. We should confirm the price fail to go over the uptrend 1 more time for a huge bounce...
It is always a second fake jump or I call it as a FOMO jump. For those who miss the first jump of AAOI around 147%, this is a perfect chance to jump right in. This second time RSI turn around near RSI 30, the jump should be at least 15%, or even 40-50% if you willing to take more risk!
We see so many bad news agains CTRC together with the market move pushing the price go down so far. However; there is always a chance for a bounce back even bankruptcy company stock price still be able to have the last up wave. Here, I strongly believe that we will have the last wave to fill the gap until it hit ma200 (not a fully gap). This is of course, very...
RSI has a touch down after a huge movement! TP:$3.15 40%
As we can see from the past, the first uptrend of TOPS is huge by 743% gain. The second fomo wave is at 27% gain. From now until the market officially open again, the next real uptrend of TOPS is about to begin. RSI was forced to move around 30 because of 2 big drops on May 15 and May 19, which are actually the key to push the price higher. I can see there are...
It was quite a journey for MGM through COVID-19. And we finally have some confirmations from RSI for the next move. The last time price challenged RSI 30, it made a nice pump up by 119%. On May 13, RSI 30 got an almost touch-down again, I name this next wave as a first FOMO wave after the first up wave. At the current time, the wave already jump up 31.53% and...
VREX creates a beautiful gap waiting to be filled. The market-push-up is the beautiful chance for VREX in a short time for many reasons: 1. Volume increases. 2. RSI hit oversold. 3. SPY had a big jump today, and maybe tomorrow until the next correction. Target is 35% up which is $25.31
The price did go down to fill the gap before the market close. Look like it is ready to go up with reversal candle and bullish on 15 mins time frame. However, volume is not enough to push the price up, also there is a high risk when consider RSI moving in the middle (50/50 risky). From my personal view, it can go sideways for a short time or even go down (since I...