Northrop Grumman Corp Technicals 1# 20 Crosses 50 Moving Average in a downwards fashion. Stayed under since October 19th. 2# Price close to 200 Moving Average 3# Lots of distribution within the Descending Triangle, aka bearish formation and Big selling blocks! 4# Higher Bullish volume the recent days, could lead to a false breakout to 360$ Relevant # Received...
Consensus Price Target: $9.00 Simple risk / reward trade here
$EDG Double top. Not a lot of volume on todays market, so might take a red day with a grain of salt. Or at least consider that the prior days bull volume has been greater than todays volume. Likely scenario is a bit of consolidation with low volume in the christmas period for 3-4 days to build a base, and then blow up, out of the ascending parallel channel,...
$partanNash Industry; Groceries Sub-Industry; Food Distributors Sector Retail/Wholesale Fundamentals Book Vakue pr share: $19.92 P/E Ratio 7.48 Institutional Ownership Percentage: 80.95% - More buying than selling in Q3/4 Insider Ownership Percentage: 2.20% Debt situation, probably not a hold in a recession Debt-to-Equity Ratio 1.39 - Should be below 1 Current...
CANOPY GROWTH INVERSE HEAD AND SHOULDER ON THE VERGE OF CONFIRMATION Short Float 21.56% Moving average inevitable crossover 20 & 50 MA Set for cannabis 2.0 Analyst Average price target $57.62
What we see is a Symmetrical triangle, which can continue or reverse the price trend. So be aware of; 1# the support at 60$, if it breaks, likely scenario is we continue the trend towards 40. 2# RSI, showing a bullish divergence. But needs to break through 50 to be confirmed. 3# Breakout, wait for it to happen and go long on the retest. Enter to early and you...
GMAB We are here again, fifth time we hit the upper band of the paralell ascending trend channel, the prior 4 times it made a spinning top and bearish engulfing before heading down. That's pretty much what we can see again, spinning top followed by bearish engulfing. GMAB, recently broke out of the big overhead resistance from the former triple top, which was...
All the indicators has the same conclusion, bears are taking over. Weak momentum and no clear direction, could be a flammable combination for the Norweigan hydrogen company.
A renewed ray of hope has been cast upon Eros, it has recently seen a beautiful bounce from the floor of 1.25$ to 4$, a 220 % increase in a matter of 4 weeks. Though the glimse of hope, it gave it all back to Mr. Market, after potential profit taking and missed earnings. As of now we can see lot of accumulation & Bullish RSI. It may not just be a pump and dump...
Aphria the love or hate it stock in the cannabis sector. Aphria had in it's recent 4 th Quarter a EPS beat of 175% Record Net Revenue of $128.6 Million, Up 75% from Prior Quarter Revenue for Adult-use Cannabis of $18.5 Million, Up 158% from Prior Quarter The only licensed producer in Germany with the permission to grow all three strains of medical cannabis...
HMMJ, The cannabis sector is going through what is now a 6 month long downtrend, and we might be near the end. Setting us up for a Bull run through october and into the Earnings season, where hopefully we will see companies as Aphria, VFF, WMD etc. continuing there recent performance and build on and hopefully a resurrection of c CGC and TLRY to lead HMMJ to new...
After Roku has beaten every Earnings estimate (except 1) we have seen quite a rally in the equity and it has grapped everybody's attention. We can see Roku had a nice big parallel trend channel until recently where it broke out of it and tested the upper trendline several times where it eventually got rejected. Only to make a new parallel trend channel, it went on...
Oasmia Pharmaceutical has broken out of the downtrend with a daily close of 16.30% above and a weekly close of 3.75% above the parallel downtrend channel with high volume to support a potential reversal in Oasmia. Since then it has gone on to form a Cup & Handle pattern both on the daily and weekly chart. (though without high volume on the bottom of the cup) ...
After Gold broke the first parallel down trend we saw the highest ROC and It is usually highest in the openings of a bull market. Now the ROC is in a fairly good spot, not overbought. The AM & PM Fix doesn't show any signs of gold having peaked yet. Where the ROC points price tends tp follow, gold could advance more. We have currently rejected the lower...
EPS beat of 83%, nice accumulation, rsi divergence and immediate gap fill. Is it poised to go higher the next days?
Gold has slided to 1500 since reaching its 52 week high at 1534,35. Since starting the strong uptrend in late May, we have gone from 1277 to 1534 with smaller corrections and consolidation zones. Now might be the time for a bigger more powerful correction to the 0.5 fibonacci or even 0.618. It is also a possibilty it will take dive and test the trendline, if it...
Square recently delivered their second-quarter earnings report, in which the company beat expectations for both revenue and EPS, the stock suffered a sharp sell-off. Due to the announcement that it would sell off Caviar — its successful food service business unit. Anyhow, Square now looks rather attractive I would say. The break out of the trendline was with low...
A bottom might soon be in. We are currently floating around the support level of 102. Accumulation phase would be around 92-102, a break of 92 could mean that we would see level of 65. The delta volume shows decreasing selling pressure, which could suggest that a possible turn around could happen anytime and short sellers might is looking for buying back their...