mroberts1204

mroberts1204

FLGT setting up for another potential move higher. I'd target a break above the shaded area for an entry.

mroberts1204

Nice base in CATS

mroberts1204

Explosive look in this name. Thinly traded so entries may be tricky

mroberts1204

CZZ setting up after a 50% move.

mroberts1204

Coiled tight for another leg up

mroberts1204

Bullish continuation pattern in Bitcoin. Would like to see a breakout above 17,920 with volume for entry.

mroberts1204

Following an initial test of the 23.6% fib, BTC climbed the ladder to successfully test 38.2% and 50%. As time has passed, selloffs and rallies have both become increasingly short-lived and compact. As prices become more and more compressed, price will inevitably explode like a coiled spring. The big question is which direction? Seeing that we continue to witness...

mroberts1204

The bear market rally in gold appears to be coming to an end. A close below $1219.10 would be a signal to short the yellow metal. I expect to see a test of the $1180 area in the near term. Gold is currently in a secular bear market and a break below the ~$1180 area would signal a continuation lower for gold prices.

mroberts1204

LTC has formed a W Price Formation (Double Bottom) and is currently consolidating the move. Assuming an upside breakout above $47.54, the measured move is calculated as $14.92 from the breakout (High(47.54) - Low(32.62)). This implies a Price Target of $62.46 (47.54+14.92). The volume on the recent move is impressive and I expect to see continuation to the upside...

mroberts1204

LTCUSD is breaking out from a brief consolidation and is ripping higher. Litecoin successfully tested support at ~$35 and looks to resume the uptrend. Major resistance awaits at $42. A move beyond $42 will likely be followed by all-time highs. As they say, "To the Moon!"

mroberts1204

Bitcoin appears to be consolidating within a symmetrical triangle. BTC bounced off the lower trendline, broke the current short-term downtrend, and is looking to head higher to the $2540-$2560 area.

mroberts1204

The Russell had a monster move in late 2016 and has done little since then. The IWM/SPY chart shows that the small caps may be ready to lead this market higher.

mroberts1204

Lumber may be putting in a head & shoulders top. Keep an eye on this as a potential short.