dorfmanmaster

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DEN (Denbury Inc) is an oil and gas company that focuses on CO2 enhanced oil recovery. Boring right? I assume that is the reason it has been under the radar, after all, Technology tends to get more attention. Since September 2020, when it IPO'd, DEN has increased by over 300%. There are 2 potential measured moves, one by using the horizontal range transposed on...

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Technical Analysis Since the start of the year, eBay has trended up in a clear channel, where the support line is the 100sma. Since the test of the upper trend-line of the channel, eBay has retraced 10% and is sitting on the 100sma. Stochastic RSI has been helpful to signal retracement from one side of the channel to the other. When the SRSI is oversold (under...

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Since the triangle "real-breakout", we have made about half the measured move, only to retrace to previous resistance (R1). If we can hold R1 this week, there is a strong potential to complete the measured move at $78K. However, according to the Squeeze Momentum indicator, there is a bearish thrust that could last a few months. As this is a weekly...

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Upward channel in play. Shorting or taking partial profits at the top of the channel, as well as adding to the position on the lower part of the channel (green) has been working well. RSI is confirming the move.

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We are seeing a cup & head pattern on this real estate ETF. How to enter a position: First entry: 20% of full amount, when it breaks the high of the handle of the cup. Second entry: 80% is the cross above the high of the cup, confirming the bullish pattern. Risk-reward setup: Profit-exit: Full target is $53 approximately. 10sma has been working...

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Techincal Analysis We have formed an ascending triangle, which puts the measured move around $320. A re-test of $210 could be a good potential entry. Fundamental Analysis Solana is both a cryptocurrency and flexible platform for running apps. High transaction speed : it can transact 50,000 transactions per second; unlike Bitcoin which can transact 7 per...

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The chart speaks for itself. 100sma has been held and tested multiple times. RSI has not gone below 35 RSI. Giving it a little wiggle room makes sense to avoid getting stopped out. The ATR (average true range) is 2 points. So a stop below $127 could potentially provide enough room.

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The QQQ is testing the bottom of its range. Stochastic RSI has been helpful to signal a bottom, once %K goes above %D while testing the bottoms range. There is also a horizontal support line from the last week of June, which was a breakout to all-time highs. Risk-reward-ratio is great placing a stop below yesterday's low, and a profit0exit at the top of the range.

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Semiconductors/chips continue to be an essential part of everything around the globe. For a year, we have maintained an upward trend, which is being tested today. There are clear outperformers in the industry, but it is clearly been working for all of them as a whole. When we have touched the trend line in the past, we have had a 50 point gain, which has...

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As you can see from the chart, we failed to break out from the downtrend from 64K. Current short-term support is 42K as this is the 4th test in 1 month. A break down below 42K, could take us into Range X ; which has its floor at 30K. RSI is signaling further weakness as we break below the 50 level (drawn horizontally). I want to note Bitcoin falling...

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Facebook has tested the 50sma at least 4 times since March 2021. Transposing the past trends from the 50sma to today's action we get several targets for taking partial profits. OBV is still in a supportive uptrend, however, RSI has reached its worst level since mid-March at 43. Very clear opportunity to enter a position now around the 50sma. If the price...

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The $Euro has stayed above the orange level, around $109, for a year. We have seen several tests of this level (shown by the purple arrows). Why does it matter? 1. The US dollar has an inverse correlation with the Euro as well as Gold. 2. A strong US dollar negatively affects international equity (such as Europe and Emerging Markets). 3. A weak dollar...

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Every circle in the chart is pointing out a test of the support level at $80 approximately. As you can see, since the IPO, we have tested this level multiple times. The arrow in the RSI shows a positive divergence, where every test had a slightly higher level. Unfortunately, if you used this method on the range from early March to late April, you would have...

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Fundamental Quidel: a manufacturer of diagnostic products, frequently rises or sinks in response to developments in the coronavirus pandemic, as a big part of their revenue comes from its COVID-19 testing kits. As the Delta Variant is worrying countries around the globe, QDEL will be interesting to watch. Technical Analysis As you can see in the weekly ...

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Since the year started, OBV had stayed above the horizontal purple arrow, but since mid-May, it has been downtrending, and on June 5th, it crossed below this level. RSI divergence shows some strength, as we are making higher lows. But the order of importance is: price, volume, RSI. The width of the Bollinger Band hasn't been this low YTD, which is signaling some...

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Technical Analysis From the beginning of May, MU has been kept in a range; however: RSI has been making higher lows where price has been retreating at the same support level. OBV is confirming the uptrend in volume within the consolidation range. These two bullet points support a bullish case for MU. Trade analysis I expect MU will try to test the...

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The chart shows a descending triangle, with a breakout. The breakout yesterday and today, have been on strong intraday volume. A measured move can be made by adding the height from the double bottom (purple circles), to the area of the breakout. Using the green arrows to represent the potential move, which takes us to $152 approximately. Which is coincident...

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Amazon has been consolidating for almost 10 months. Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range. It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again. Making a measured move from the last time it did this, we get a potential...