SCHB has been on a strong uptrend since March 2020 looking at the weekly chart, but it may be due for a correction soon. The RSI indicator shows that SCHB is overbought, meaning that the buying pressure is exhausted and the sellers may take over. The MACD indicator also shows a bearish divergence, meaning that the price is making higher highs while the...
Hey traders, I've been watching GNRC and I think it's ready for a bounce. It's been in a downtrend for a while, but it's showing some bullish divergence on the RSI and MACD. It also broke above the 20-day EMA, which could act as support. I'm looking for a long entry around $350, with a stop loss below the recent low. My target is $400, where it could face some...
Hey traders, I want to share my idea on CCJ, the uranium mining company. I think this stock is showing signs of a pullback after a strong rally in the past few months. Let me explain why. First of all, the price has reached a major resistance zone around $25, which was the previous high in 2011. This level is likely to act as a barrier for further upside...