hawkowl

hawkowl

Minor pullback, flag consolidation and breakout to the upside. May back test the top of the flag. In terms of macro events, we have the blizzard in N. Dakota/Montana shutting down the oil/gas fields. Still much colder than normal nation wide and Russia starting to cut off gas supplies to Europe as Poland got smacked today. More to follow?

hawkowl Updated 

Potential half way pattern with the past few days' bull flag consolidation pattern. If it continues the same slope, we could see about $132 by March 18. Then I'd expect another consolidation pattern and re evaluate.

hawkowl

Approaching the must hold line of the bottom of the ascending wedge (gray PT line). If it breaks through, it can easily slice down to the $19 level. If it is a reversal pattern, look for a bounce off that gray line with a new price target of the top gray line. It is important to put this in broader market context. The Fed has DOUBLED their planned tightening...

hawkowl

Last few days were a short covering rally. We now have a high probability of resuming the downtrend. Inverted cup and handle. Also, rejected off the bearish top of the flag line. Short term (Dec 17 option expiration) price target $100. Longer term, if we enter an overall bear market, then target the bottom of the gap about $73.77

hawkowl

Price target 4335 by Wednesday Oct 20. Re evaluate once it hits lower blue support line.

hawkowl

Looks like a very nice inverted H&S on the 30 minute. A consolidation pattern that will break next week. As long as NASDQ and tech are generally up next week, a good bet.

hawkowl

After last night's brutal short attack during SNL, we have an extremely strong recovery move unfolding. We had a false breakdown touching in the .44 area and now a very fast move flying up and around the apex. We could see a full recovery and a new all time high up to point 9 on the chart, roughly .77 within the next 24- 36 hours.

hawkowl

Potential 8 month base just starting it's move off the lower support line. Classic 4 point continuation pattern. Stochastics and MACD curling up. Relief Therapeutics just held a conference call on concluding FDA Phase III trials for severe Covid using the drug Aviptadil (Zyesami). Expect filing for FDA EUA approval within a week and FDA approval in 30 days or...

hawkowl

Notice it has broken the purple trendline. It's forming a consolidation pattern immediately below the trend line which usually implies a breakdown. It did pop today just inside the broken trend line, but that could be a fake-out reversal. More likely a deep backtest. Further, notice the correlation of the recent stochastic levels with the orange dotted line. ...

hawkowl Updated 

Broke down out of the flag today. Looking for a back test of the top of the the hump of the potential double bottom of about 2.06- 2.08 ish. If it can't hold this strong support, look out below to 1.70 again.

hawkowl

First time using the old Gartley. That in combination with the chart patterns, potential news (partnerships, RTX data end of Feb. Conference, positive lawsuit settlement, etc.) looks like we are due for a bounce this upcoming two weeks.

hawkowl

Looking for a break up to $5.70 within a week or two at the most. Every flush is met with determined buying. Overall market bias is UP. Lot's of potential upward catalysts to be rocket fuel. The only downside is the tremendous cash burn and they are scheduled to run out of cash by mid February. Risky!

hawkowl

If NIO continues to drop it shouldn't be beyond 2.80 ish as that is the confluence of a number of support lines and moving averages.

hawkowl

Back test of the wedge breakout underway. Should fall to somewhere between 2.90 and strong support at 2.50. Wait for the bounce up and confirmation. Potential to build out an inverted H&S. However the situation is Very volatile because they are running out of cash and the moment funding is secured... BOOM! Always remember this is a Chinese company and it is a...

hawkowl

Now, contrast this with the weekly I posted earlier. It looks like a case of fractal nesting indicating a high probability of a break out. Always remember, no guarantees and hedge accordingly.

hawkowl

Primed for a rise higher as long as the positive news slated for January is released.

hawkowl

Looking for a break to the upside. If it closes below 3.82, I'd bail and recalculate.

hawkowl Updated 

Nice little inverse H&S building on the 15 minute. Expecting a price target of around 6.50 by end of year.