Range Resources rallied from $1.61 all the way over $37 for an impressive over 2,100% gain. Since, the stock has cooled to allow for profit taking and reset for the next move up. RRC appears to be in some sort of an ending diagonal with a 3-3-3-3-3 structure. Time will tell how it plays out, but it appears to be setting up for an incredible opportunity.
Traders... I’m not sure what’s going to happen with natural gas: additional supply-side constraints, increased demand for power generation and/or exports (looking at you Europe), storage depletion, a colder-than-average winter, continued decreased purchasing power of the dollar by increased QE, the realization by the masses that natural gas is the best “clean”...
Pack your bags and tell your friends, it's time to head to the moon.
At current prices ($5.83), ORC yields a ~16.5% dividend. ORC is creating a nice wedge pattern and seems to be seeking a bottom. Would you buy or sell at these prices?
Bitcoin is looking like it is painting a nice leading diagonal, and price is right at support. Looking for a break to the upside prior to a price correction.
Chart setup is looking good at the moment for a potential run up...
Range Resources (RRC) showed a bullish TK cross this morning, with price entering the cloud. We are now setup for a potential edge-to-edge opportunity, with a very nice R:R setup. Let's see if this opportunity plays out!
Bullish shark; other items and target price noted in chart.
Bitcoin - up or down - where does she go? Upside target - $3,700 Downside target - $3,400 Let's see which way she breaks!
CVX showed a bullish divergence (1 hour chart) with Price/RSI on 5/29 - 5/30 and currently looks poised to follow a move up with oil price. Price target of ~$135, or a ~9% increase from current price level.
LTC appears to be in a Bearish Rectangle on Wave "C" of a correction down to a target of under ~$200. Short term- bearish. Long term- bullish.
XVG moving right along, on wave 3 upwards towards ~$0.08