Be careful out there cryptonerds, been some selling pressure last two days around the swing high
Tagged swing low in the downtrend channel yesterday around 135. Looking for it to retrace back to the 155 area before hitting the swing high.
Will keep an eye out for continued run up into earnings next week. $28 and $30 targets before earnings bingo.
Update: She tried to breakout earlier in the week but hit resistance and failed. SAD!
If it breaks above this downtrend line it could retest the $29.50-30 area.
If $GLOG can break out above this line I think it heads straight to the 200DMA. I like the set up here.
GH is getting squeezed. It has essentially traded sideways for the past month. Watching for a breakout either way.
Love this setup. Next stop $88 then potentially $100
Caught an upgrade and broke out of the most recent squeeze.
I think this thing could trade all the way back down to the $100 level based on this chart. Shit went parabolic. Meet gravity.
GS downtrend support is around $200. Would probably set up a good long in this area. If it breaks, could see 2016 election levels.
Double bottom and break above the downtrend line could take this to 48, then 52, then final target 60 for earnings gap fill. Notice how RSI has been relatively stable around 40 during the downtrend and showing divergence. A bunch of bullish signs points to this one moving higher.
Good setup for $XLE swing entry around $70, first target ~$73 with the eventual target hitting the upper line of the downtrend channel.
Good R/R setup with the long term uptrend support line. Currently 7.5% below ATH.
Don't get it twisted, I absolutely hate this company and their product. But there is an opportunity setting up for longs at swing low around $7. Good risk/reward setup here with it being more than 40% below its 200DMA. Gun to my head I think it sees $10 before $5.