NBEV TRADE IDEA GK PLAY - OVERSOLD PLAY Coming out of RSI oversold territory with a bullish macd signal and a nice green candle closing above the 20ma could see a retest of the gap fill from April 18 to around 2.09 and then perhaps the 2.17 and 2.26 short term PT's.
ASNA TRADE IDEA GK PLAY - RESISTANCE BREAK ENTRY Price action moved up on strong support from the 50, 20, and 7 moving averages, undergirded by the 100 and 200ma's. Look for ASNA to break over significant previous candlestick resistance at 2.27 for a play possibly to 2.39 and 2.47. Price action needs to stay above the 7ma or a bounce off the 200ma.
APPS TRADE IDEA - OVERSOLD GK PLAY APPS is coming out of RSI oversold territory with the macd trying to decided on a bullish signal; price action closed above the convergence of the 7ma and the 200ma, which is offering strong price support. Look for volume to possibly move price action towards the 20ma at 1.84.
GALT TRADE IDEA - 200ma Support Bounce Candle over candle confirmation off the 200ma support bounce with price action crossing our 7ma. RSI moving towards the 50. Look for price action to move to the 100ma line for a swing.
Nifty 50 looks like its bullish move is done, at least for the short term. The RSI and macd seems to be weighing heavy for at least a short bearish move to the 100ma around 10466. If you are already in, might be a good time to get out if price action drops below the 7ma. Maybe wait for that bounce off the 100ma.
With today's bounce off the 50/100ma's, XVG looks to be bullishly reversing its trend on the daily chart. Another green candle holding position over the 7ma will confirm this move.
HLX Trade Idea - Resistance Break HLX has had two great days of gains. With today's bounce off previous candlestick resistance at 7.71, look for it to hold 7.50 at market close. Tomorrow, a break of 7.71 could see $8.00 and even $8.50.
MARA Trade Idea - Bullish Reversal - After a bearish trend since back in December, we are finally seeing some bullish curve in our daily price action accentuated by today's profit candle break over the 50ma. Our RSI, Macd, and Knight indicators all confirm a possible reversal heading towards the 100ma. With good support at the 7ma, a break over the 100ma could...
LEDS Trade Idea - Green Knight Signal - With price action closing over the 100ma and close to significant resistance at 4.26, the Macd and RSI showing bullish movement and the Green Knight's appearance on the daily chart, LEDS looks primed for a continued movement if it can break over 4.26 and 4.47, possibly re-testing a previous candlestick high close to the $6 mark.
LEDS - If LEDS breaks over key resistance at 4.47, it has a good chance of moving higher. RSI and Macd are still bullish. A retest of $6 is possible if price action crosses over the 4.47 line. Would like to see LEDS hold the 100ma support line at market close today.
NIHD - I've been tracking this stock since it took off in the .60's. After testing and re-testing the $3 resistance line, NIHD hasn't given up its bullish swing. It's a good play above the 7ma. Watch for dip buy opportunities as the RSI resets itself while in overbought territory. A healthy pullback to the 20ma isn't out of the question. An entry over the $3...
MDR - Watch for action today along these lines of s/r (pink) for your pt and sl exits.
ABCD - After a nice monthly bull run, ABCD finally made a health pullback to the 50ma, where it bounced. With yesterday's retest of the 7ma ending on a green candle, the RSI historically looks to reflect a bounce in price action. Looking for entry over the 20ma and a close over the 7ma would be ideal tomorrow.
VSI - HIGHER HIGHS EACH DAY, HIGHER LOWS ALWAYS A SIGN OF A BULLISH RUN NO MATTER WHETHER WE HAVE RED CANDLE DAYS OR NOT. MAINTAINING THE 7MA KEEPS US IN THIS SWING POSITION. RSI AND MACD STILL GOOD. LET'S BREAK THAT 200MA!
CNET - MAY HAVE FOUND SUPPORT AT THE 7MA. WE ARE SEEING PARALLEL STRUCTURE HERE ON THE PRICE ACTION. RSI BEARISH, BUT MACD STIL BULLISH. MAY JUST BE A PULLBACK TO SUPPORT BEFORE A HIGHER PUSH FOR PROFIT.
OSG - CONQUERED MAJOR RESISTANCE AT 3.05 SEVERAL DAYS BACK. SWEET BULLISH RUN TO THE $4 MARK, WHICH IS ITS NEXT RESISTANCE POINT. ENDING ON A BULLISH HAMMER, IF IT CAN BREAK THE $4 MARK, WE COULD SEE NEXT RESISTANCE AT 4.64. THIS IS A MORE RISKY PLAY B/C WE ARE SEVERELY OVERBOUGHT, BUT THE MACD STILL LOOKS GOOD. WE MAY SEE A PULLBACK BEFORE A FURTHER ADVANCE. ...
EPE - LOOK FOR A BREAK OVER 100MA AT 1.87 THIS IS MAJOR RESISTANCE. WE HAVE SUPPORT RIDING THE 7MA, HAD A RECENT BULLISH CROSS OVER THE 20MA AND 50MA'S. THIS HAS POTENTIAL TO ATTEMPT THE 200MA IF IT CAN BREAK THE 100MA AND HOLD. RSI AND MACD LOOK GOOD STILL.
HINDDORRC - Trend Reversal Idea The last time our price action reached the 20's on the RSI, we got a nice bounce back over our 7ma that didn't stop till it bucked over the 20ma. Now, with some recent good volume, we are starting to see our price action hook into what may be a bullish trend reversal. The RSI and Macd seem to be confirming this change. When...