The volume with this stock has been absolutely anemic over the past month - trading in the 10's of thousands of shares (literally 16-20k for a day). Earnings are coming up and I suspect their numbers will be good, which could be the catalyst for driving demand. If that happens, then I expect this to make an aggressive exit out of the pennant to new highs. I...
I had set a marker that if SB crossed up the 3.5 price, then we had a chance for a breakout. Well that happened a few days ago and the price has been climbing with good volume. the first test will be at $4.43 as there's been resistance here previously. But it is passes through that it should keep climbing and my short term target is $5.32. I have options at...
Looks like we've officially broken out of our pennant pattern. I'm looking for $34-36/share in the next couple of weeks. I bought long at $9
I've been to this rodeo before, and the last time I doubled my money with this stock. Looks like it may be close to breaking out of its oscillation within the pennant.
After several weeks of consolidations, looks like we have the volume to break out of our established channel
Looking at a near-term price target of $26... looking for more volume as a confirmation.
I'll be monitoring this and consider taking a position in this after it breaks through the 6.51 resistance. My initial price target will be ~12.
Signs point to GEVO having broken out of its downward channel and beginning on a new upward sloping channel. Test will be if it breaks downward out of the upward channel, resuming the downward path
Looks like we're a day or so away from breaking out of the downward channel formed as part of the cup's handle. There's some resistance around 30, and then we're on our way to breaking out past the cup's top at around $35. Upside of a cup and handle completing is ~$35 from the point where it breaks the downward channel (so ~$28 + $35). Of course this will happen...
I'm short for the short term, long for the long term! From looking at the weekly for GEVO, I think it has another week to go before completing its correction... why? * In reviewing other green energy (GE) stocks they all corrected below the 20 SMA in the weekly charts, this has yet to do that * Also with other GE stocks, they corrected back closer to the .768...
This looks like a cup and handle formation for DK - I'm thinking that it may correct down to between the .5 and .786 level before rebounding. And then the upside looks to be in the 40's. I'll be contemplating a purchase as it nears the bottom. Also note that the the 100 SMA is crossing up the 200 SMA. Good luck!
I think TSLA will continue its correction until it reaches ~ the Fibonacci .5 and then it should start its rebound. The daily matches the daily which will be at ~.786 level. It looks like the bottom will be ~ 450 - 480 with an upside price target of ~900 for sometime in the fall.
Looking for some options to cash in on AMZN pennant breakout. Upside is ~700 from the breakout. Looks like the flow is about to come back up, which could be for the breakout.
After my tripping my stops, the stock seems to have found its bottom after a healthy pull back. I bought back in at 11 and I'm hoping to see ~19 Let's see how this goes - the Green Energy market has been on a pullback these past several days. Good luck - and remember - do your own research and let me know what you think.
This uses BE as an example of what I do when I calculate the Fibonacci retracements and extensions, which are used to measure corrections and future price targets. Retracements I start by finding the location of a correction. I define a correction as anything the closes below the 20 period moving average. The lowest point in that correction becomes the first...
I ran my Fibonacci retracement and trend extension analysis and here's what I'm seeing... After retracing almost 100%, we look like we're bouncing off the bottom and starting to crawl our way on to the next target of ~15 (Fibonacci 1.618). I think I'll be taking some profit when we get to ~13-14 (Fibonacci 1.272/1.414) range and then close out the position when...
Another correction completing and it has some good upside to ~21/share. Look for whatever you use as a confirmation signal and jump on. Depending on your risk tolerance, you might look at... Risky side ~Current Price Safer ~8 (after breaking the 20 DMA) Safest is after 11.20 (recent high) Good Luck!
Just coming out of a retracement this has the potential to hit $45 and then some. I bought in at $27 and it looks like it's starting to take off. $29.79 is the breakout number! Good luck!