Not familiar with this company, but it popped up in my unusual volume scan. Price is holding support at the bottom of a bullish channel. Recent buying volume could indicate a good move to the upside.
Love Cathie, but it is what it is. Should see a turn to the down side.
Right now price is at a critical support level. A break here would see a retest of 118-117. If this support holds, and with confirmation of a bullish RSI and MACD, it looks to go long.
Friday should be important in determining the direction of tech. RSI and Stochastics are in oversold territory and price has found support at the bottom of a down channel. This could be indicative of a potential reversal. If this reversal plays out, an inverse head and shoulders pattern will have formed- potentially leading to even higher price movement. On the...
IWM has clearly benefited from the “sector rotation” out of tech, but I think this run is about to fizzle out. The run up was on a dwindling volume. RSI is currently way overbought. The MACD and Stochastic combo are signaling a divergence. Couple this with a potential bumpy week ahead- FOMC, bond yield, and the spooky quadwitching- and I feel like IWM is a prime...
If support holds, should retest previous highs- $25+. Would wait for test of bottom support line and 100 EMA before entry.
Possible shorting opportunity. Wait for confirmation before entry.
Something to take note of. Anticipating a good week, but a bad month/s.