Price action shows a near-term double bottom forming(yellow arrows). Price has reacted well to the current support zone. If we continue to get bullish volume over the next couple of days, price action should be able to break above resistance at the conversion line(blue). If the price fails to break through the conversion line (blue), expect another test at the...
Upside potential: 16%+ Downside potential: 8.3% RR: 2.03
Ready for a pop, tight consolidation, insider buying, newly public, was most likely missed during the December GME frenzy. Yellow is buy Green is take profit Red is sell Buy spread = 10% Max loss = 18% Max gain (T2) = 40.7%
CLSN price action has had strong bullish volume on the move up. VWAP and the conversion line are acting as support for the current candle. You can see the last time the VWAP upcrossed the conversion line, we saw a massive breakout (yellow circle) R/R ratio here is 2.78 with 25% downside and anywhere between 25% to 97% depending on where you choose to place...
CLSN price action has been consolidating on the weekly and making higher lows. Volume has been bullish, as we know, volume precedes price action, and indicators show strong momentum. R/R Potential of 3.8 with 20% downside and 75-80% upside potential on a strong breakout move if supported by volume.
Bullflag forming on NTDOY price action. Trade setup with R/R: 1.92.
Bull flag looking to breakout. A retest of the 0.5 at 29.42 looks likely.
Price action has been moving sideways in a support zone. Volume has been dropping off. RSI indicators showing another possible leg up here. Broader market sentiment and virus fears present a risk to this trade. Negative market sentiment could cause continued selling. However, the risk profile is still a good one.
Volume has been increasing, this stock is related to blockchain and generally correlates to the crypto market. Lots of upside left to run in this cup and handle formation.
Price action is forming a rising wedge, the stochastic RSI has bottomed and is turning over, the RSI is still at a high level which tells us the price action has room to rise, and the momentum is strong. MACD can be ignored on this move because it's such a slow indicator that it won't help catch any moves here other than being able to confirm a broken uptrend....
Price sitting at a strong support level. Indicators oversold. Potential for a bounce from support back up to the $24-$26 price range. Upside potential - 7-12% Downside potential - 3.55% Risk - 2.06
BIGC has found support on the conversion line. An entry below 95 would be ideal if there are intra-day dips. MACD may down cross, our stop is set below conversion line support. Profit potential - 12.8% Downside potential - 5.1% Risk 2.52
BLNK is set up for a bounce off of it's daily support line. Next areas of resistance are the kijun (red line) and the daily resistance trendline. On smaller timeframes, it looks like BLNK could pull back to the ~9.39 area. So I will set a limit order there and wait for a bounce. Another strategy could be scaling or ladder buys here. Always plan your own...
IGBH had a volume spike yesterday, the average volume on this ETF is 419k. The large volume bar yesterday represents roughly 4 million of volume. Maximum downside here is 2.63%, and the upside potential is 5.18% for a R/R ratio of 1.97.
KDP is oversold on the weekly chart in regards to indicators. The past 3 weeks/candles show us strong buying pressure at these levels indicated by the long wicks. VWAP has settled under the price as support, and Q4 is typically a strong sales quarter for soft drink manufacturers. Within the next week, the price action should break above the resistance...
The current price action is closing below support levels and has selling pressure pushing it down. Indicators are oversold, I would expect a retest of support at 10300 (yellow) Smaller timeframes are not as overbought but the smaller timeframes are low on volume. If the volume does not show up at 10,500, the chances of a 10,300 retest are even more likely.
HYLN took a strong dip today which was further amplified by the broader market sell-off. Indicators have lowered are in oversold territory. Volatility is low at this level as conveyed by the RVI. Price action tested it's first level of major support and has so far reacted positively to it. An entry at the current level offers 3 target points with profit...
Disney has positioned itself for a test of its short-term resistance and long-term support. With the new season of Mandalorian coming this month and an earnings release on 11/6/20 after the layoff of 28.000 employees, we could see some upside in the stock here. Max upside here is 4-5%. Max downside is 2%. Note, if the market opens down and there is the...