


adammska
LCI hit the very bottom of its channel, followed by a strong bounce. Expecting it to hit 62 sometime in March.
Reasons to go long: * Price formed a double bottom at 217.50 and bounced off channel support. * MACD is about to produce golden cross * RSI broke the resistance - yet another indication that correction is over. * Price closed above 20 day SMA and important level at 231, which will now serve as support.
When the price closes above EMA envelope. This week's candle formed a hammer 340 level will act as support.
The entire candle is outside the former downtrend channel. Very bullish price action all around.
NFLX hit the bottom of its channel, and had a nice bounce.
If oil price cooperates, HAL could clear the resistance pretty soon.
Markets go crazy after dovish FED comments? That's what happened on October 8th, and the next day SPY gave up all of its gains. Waiting for a strong close tomorrow before I go long.
But daily RSI is already at oversold level, so the longer we go without a proper bounce, the sooner it ends.