Aluminium breaking out of 3 month descending wedge. Something's cooking and we may see prices at 3000 USD and higher
BABA in the tranding channel is heading for gap close at around 85 USD.
Consolidation and there is a clear divergence in MACD and RSI on daily.
Technically WISA is bound for a rebound. The stocked bounced of 100 SMA in bullish triangle contraction, oversold RSI, and hitting the bottom of Bollinger Bands. WISA may pop any time.
WISA is in a classical contraction leading up to the next quarterly report predicting Q2 sales guidance up 250% and inclusion to Russel Microcap index at the end of June 2021.
RECSI is in a very bullish trend above 10, 20 and 50 MA on daily. Breakout above 100 MA and out of that falling bullish wedge can be explosive.
Strong close at $2.2700 after hours. Will it run above $3.00 tomorrow?
What to make of $REC? It's consolidating in a symmetrical triangle, inside it there is this bullish wedge formation and the stock is basically consolidating within a range of 10.7 and 12. My bets are on a breakout upwards really soon.
I was trying to time bottom in this stock, this should be it at around 3.50.
I redrew the chart to something that actually makes bit more sense to me. the stock is following a positive trend channel and it may just hit the bottom line. There is also a big descending triangle on the chart that would normally be bullish but they are often bilateral and one needs to watch for a break out either way.
Back to $AOW with a new update. Bullish candlestick on hourly and it may break out of the falling wedge . If it does, there is a big symmetrical triangle building up. Break out from that triangle should bring nice profits. RSI is also oversold and there is a crossing on MACD . Hopefully macro won't mess things up. Crossing fingers.
SCANA is in a positive trending channel on hourly. A bounce up off the lower channel line is expected.
SCANA had been in a strong uptrend since it has restructured and gained new, valuable contracts. The stock is now in consolidation. The bullish triangle formation and bullish candlesticks indicate a new uptrend ahead. Low RSI level at about 38 with hidden divergence and bottoming on Bollinger bands as well.