For education purposes only. Dont trade. TA documentation.
Just a public note of a trade idea. Not trade advice. Only for my technical analysis documentation. Targeting T1 in the next day or two. Target T2 will follow a week or two later.
In the future I would look more for a bounce at 20k near the start of June end of July then a bounce back up. We are also at a level now where we could see a bounce. However with the news lately and how everything is moving I would say a drop is more likely. This is just for personal reference. Not a recommendation.
Friday after market hours, news reports came out EBIX was sued for Violations of federal securities laws causing a %40 drop. Yesterday we rebounded up to $31 and consolidated. Today looking for another $31 retest posiblily a move up to $34 then up to $40. Play it safe with this news it could easily go down more. Set stop losses.
We are at the main support with a big chance this could be the breakout point. Now is a good buy in time. Be sure to set stop losses.
Here we have a good ole Pennant. Might take a while for this one to break out of it I will keep you up to date.
Here we see CTRM forming up to hit the bottom support. Look for it to bounce then retest the top resistance. Have a stop set incase it falls.
Today we seen TRCH jump up premarket and now we could be seeing it come back down to $4.35(Orange Line). However, we could see another bounce here soon but not very likely(Green Line).
For Tuesday, Feb 16th. I plan on TRCH coming back down to 3.15 area for a buy-in. Next, I think it will either spike back up like previously or trend on the trend line up. I have a Stop Loss trend line, so if it breaks below my stop loss trend I will sell my previous buy-in then buy back when it hits my secondary buy-in line. --A lot could change Premarket...
Looking at BTC on Feb 14th looks like we could see a possible breakout here soon or a bigger pullback in order to bounce back up to around the 51-52k mark.
We are still in an uptrend. However, if we fall below the first support line then we could see it fall to $37.35 then bounce off the strong trend line for another try up. Plan A: I chose to use a Pennant style pattern here(Cyan Color) So if the stock moves above the top of the pennant then we should see a breakout. The top of the channel is $48.00 so it is...
Scenario 1: Possible Short Term Breakout. Lowest possible price $17.35 highest price before breakout $18.65. The breakout Price is a target of $20.30. Wait for signs of support before buy-in. (A bounce off the dotted Yellow trend line .) Scenario 2: Medium Term Breakout. Lowest possible price $16.00 highest price before breakout $18.65. The breakout price is a...
Looking at BTC on Feb 14th looks like we could see a possible breakout here soon or a bigger pullback in order to bounce back up to around the 51-52k mark.
Tuesday, Feb 16th. I am planning on buying in TRCH @ the 3.15 ( AS LONG AS I SEE A BOUNCE/Support ) point with a Primary TGT of $4.00 (Breakout Play), Secondary TGT of 3.80 (Uptrend Play). Stop-loss Trend Line will act as my trailing stop, anytime it breaks under this trend I will sell my previous buy-in. Then I will buy back in at my Secondary buy-in.
So in this short video, I show you how to use a pennant style pattern to find a "Possible" Breakout point. This small breakout was a 6% move. Doing this will also help you determine your buy-in areas, so when it hits the support trend line this is the ideal buy-in time. Ideal Buy In Areas . (When it bounces off support trend.)
OZSC trended down but now showing signs of a possible breakout. Don't forget to set stop loses in case it continues to trend down.
SNDL has been on a downtrend but we could see a turnaround here at the bottom. Add small positions don't go all in. Set stop losses.
CRDF is at a double support currently. Could be a really good buy in point here. Don't be afraid to buy in small portions. 1st target is $15 to see if we get past that natural resistance. Options could be a possible way to go as well. Also, don't forget Cardiff is speaking at a virtual presentation on February 17th.